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257 E Simon Terrace Atlanta, GA 30318
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Key Details
Sold Price $205,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,327 sqft
Price per Sqft $88
Subdivision Pyramid Association Inc.
MLS Listing ID 7298542
Sold Date 02/20/24
Style Ranch
Bedrooms 5
Full Baths 3
Construction Status Fixer
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1962
Annual Tax Amount $1,441
Tax Year 2022
Lot Size 0.297 Acres
Acres 0.297
Property Description
This is a amazing investment opportunity in historic collier heights!!. This is a single family red brick home with a full basement. It’s a 3/2 on the main level and bathroom downstairs in the basement. The ARV comps in the high 300s to low 400s. investor could convert the basement into a 2/1 apartment with a private entrance . This will make the property more valuable on the retail side and sell faster to first time home buyers . The demand for duplex style homes on the retail end is high In this location Atlanta housing authority pay $1,500 to $1,700 for a 2 bedroom & $1,800 to $2,000 for a 3 bedroom apartment This property could generate a total of $3,700 dollars per month by renting out both units to section 8 tenants. Cash buyers only or seller preferred hard money lenders .
Take your contractor to view property - ZERO Due Diligence period
Location
State GA
County Fulton
Lake Name None
Rooms
Bedroom Description Master on Main,Sitting Room
Other Rooms None
Basement Unfinished
Main Level Bedrooms 3
Dining Room Great Room
Interior
Interior Features Other
Heating Other
Cooling Attic Fan, Other
Flooring Other
Fireplaces Type None
Window Features None
Appliance Other
Laundry Other
Exterior
Exterior Feature Balcony
Garage None
Fence Back Yard
Pool None
Community Features Playground, Public Transportation, Other
Utilities Available Sewer Available, Underground Utilities, Water Available
Waterfront Description None
View City, Other
Roof Type Tar/Gravel
Street Surface Asphalt
Accessibility None
Handicap Access None
Porch None
Private Pool false
Building
Lot Description Back Yard, Cleared
Story One
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One
Structure Type Brick 3 Sides
New Construction No
Construction Status Fixer
Schools
Elementary Schools Bazoline E. Usher/Collier Heights
Middle Schools John Lewis Invictus Academy/Harper-Archer
High Schools Frederick Douglass
Others
Senior Community no
Restrictions false
Tax ID 14 020600060551
Special Listing Condition None
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Bought with LoKation Real Estate, LLC
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