2065 NW Morehouse DR NW Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30314
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Dixie Hills
MLS Listing ID 10390723
Construction Status Resale
HOA Y/N No
Year Built 1938
Annual Tax Amount $1,476
Tax Year 2022
Lot Size 9,016 Sqft
Property Description
Single family home set up like a duplex duplex !! Guaranteed CASH COW section 8 rental property. Investors & Landlords DON't worry about evictions anymore and don't miss out on STABLE incomes . This property is GUARANTEED government rental income , It has certified desktop appraisal at 350k. Section 8 tenants scheduled to move in on 10/28/24 . Unit A is a 1br/1ba - has an approved rent amount of $1,250.00 plus $100.00 service fee & unit B - Has an approved rent amount of $1,250 plus $100.00 service fee. This is GREAT opportunity for investors who's willing to put more skin in the game by putting down 25 percent down for a 30 year mortgage. This will give you a 10 percent ANNUAL cap rate by LEVERAGING a 30 year mortgage. This will lower your interest rates and affordable monthly payments. Property has Two NEW gas meters !! Preferred closing date - buyer will close with activated section 8 contracts on or before 10/28/24 Seller is providing a 2 year home warranty at closing !!!
Location
State GA
County Fulton
Rooms
Basement Crawl Space
Interior
Heating Central,Electric
Cooling Ceiling Fan(s),Central Air
Exterior
Garage Off Street
Community Features None
Utilities Available Electricity Individual Meters,Other
Building
Story One
Foundation Slab
Sewer Public Sewer
Level or Stories One
Construction Status Resale
Schools
Elementary Schools Woodson
Middle Schools Other
High Schools Douglass
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition As Is