2835 3rd Avenue Southwest

Closed 6/7/24
Closed 6/7/24
Gallery Image 1
Sold
Last Sold Price
$525,000
6 beds
2835 3rd Ave SW, Atlanta, GA 30315
Multi FamilyProperty Type
0.33 acresLot Size
2005Year Built
2 carsParking Spaces

Description

New hot investment listing in Atlanta! I have an exceptional opportunity for investors looking to enhance their portfolios with a high-yield property. This property is strategically located only 8 minutes from Atlanta Airport and close to the Porsche Experience Center, Lakewood Amphitheatre, and Downtown Atlanta, making it a highly desirable area for renters or short-term guests. This renovated duplex includes two units, each with 3 bedrooms and 2 bathrooms. The proximity to major attractions and...New hot investment listing in Atlanta! I have an exceptional opportunity for investors looking to enhance their portfolios with a high-yield property. This property is strategically located only 8 minutes from Atlanta Airport and close to the Porsche Experience Center, Lakewood Amphitheatre, and Downtown Atlanta, making it a highly desirable area for renters or short-term guests. This renovated duplex includes two units, each with 3 bedrooms and 2 bathrooms. The proximity to major attractions and essentials contributes to its appeal. Both units are currently occupied by tenants who each pay $2,600, offering a steady cash flow. The duplex was initially utilized as an Airbnb, indicating its versatility for either long-term leasing or short-term hosting. Investment Highlights : Sold partially furnished, allowing for immediate rental upon purchase, with the flexibility of continuing with the existing tenants or transitioning to new ones. The fact that it's being marketed as the "best income producing listing in Atlanta" suggests strong rental demand and profitability. Interested parties must contact the agent to arrange a showing, providing at least a two-hour notice. Initial viewings are restricted to the common areas until a contract is accepted, after which more thorough inspections of the living spaces can be conducted. Potential buyers are advised not to disturb the current tenants, respecting their privacy and comfort. Overall, this property seems ideally suited for investors focused on immediate cash flow and long-term value in a vibrant and growing part of Atlanta
Listing closed: 06/07/2024 12:00 AM • Source: FMLS, MLS#: 7378713

Recent comparable sales

Median sold price

$515,000

Avg days on market

52

Sale-to-list ratio

98.0%

Atlanta, GA

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Location

Listing Courtesy of Massiah Real Estate Group, Aleia Kadar

Sold By BHGRE Metro Brokers, Bridgett Roberson

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30 year fixed, 6.55% Interest

Principal and Interest

$2,669

Property Taxes

$450

HOA Dues

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Property Information for 2835 3rd Avenue Southwest

Property Details
  • Taxes: $5,405 / year
  • MLS Type: Residential Income / Duplex
  • County: Fulton County
  • Subdivision Complex: Hammond Park
  • Parking Features: Driveway
  • Property Attached: No
  • Waterfront Features: None
  • Furnished: Furnished
Building Information
  • Stories: 2
  • Residences: 2
  • Year Built: 2005
  • Lot Size: 0.33 AC / 14,374 SF
Summary
Location and General Information
  • Community Features: None
  • Directions: Please schedule through Showing Time. 2 hour notice. The code is inside of Supra. Do not share code with your client. The door to the left is for the upstairs unit. Door does not lock automatically when exiting. Please press the keypad to lock door when leaving.
  • Lake Name: None
  • View: Other
  • Coordinates: -84.403508, 33.677513
Taxes and HOA Information
  • Parcel Number: 14 009300010339
  • Tax Year: 2023
  • Association: No
  • Block: 7
  • Tax Legal Description: 835 3RD AVE SW 2495 DONALD LEE HOLLOWELL PKWY NW 391 PARK AVE SE
  • Tax Lot: 16
School Information
  • Elementary School: Emma Hutchinson
  • High School: South Atlanta
  • Middle School: Crawford Long
Parking
  • Open Parking: Yes
Agent
Payment and Rate
  • Concessions Amt: $3,944.00
Interior and Exterior Features
Interior Features
  • Cooling: Electric
  • Heating: Electric
  • Basement: None
  • Levels/Stories: Two
  • Window Features: None
  • Bathrooms Total Interger: 0
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Frame
  • Fencing: None
  • Roof Type: Composition
  • Security Features: None
  • Pool Private: No
Property
Utilities
  • Sewer: Public Sewer
  • Utilities: Other
  • Water Source: Public
Property and Assessments
  • Home Warranty: No
  • Plat Book: 0
  • Plat Page: 0
  • Property Condition: Updated/Remodeled
  • Possession: Close Of Escrow
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Section/GMD: 0
  • Land lot: 93
  • Lot Features: Level
  • Acreage Source: Owner
Multi Family
Multi-Family Information
  • Unit Count: 1
  • NUM OF UNITS: 2
Unit 1
  • Unit Deposit Amount: $.00
  • Unit Electric Included: Yes
  • Unit Features: Furnished
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $2,600.00
  • Unit Full Baths: 4
  • Unit Bedrooms: 6
Rental
Rent Information
  • Terms: Conventional
  • Occupant Types: Tenant

Property History for 2835 3rd Avenue Southwest

DateEvent & SourcePriceAppreciation
Jun 7, 2024

Sold (Public Record)

Public Record #1537474038

$525,000

+29.5% / yr

Jul 22, 2011

Sold (Public Record)

Public Record #312981000

$18,800

-57.8% / yr

Jan 27, 2011

Sold (Public Record)

Public Record #308791880

$28,500

-44.4% / yr

DateEvent & SourcePrice
06/07/2024

Sold (Public Record)

Public Record #1537474038

$525,000

+29.5% / yr

07/22/2011

Sold (Public Record)

Public Record #312981000

$18,800

-57.8% / yr

01/27/2011

Sold (Public Record)

Public Record #308791880

$28,500

-44.4% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2835 3rd Avenue Southwest

Taxable ValueLand$18,640Additions$143,720Total$162,360
Home Facts
Beds6Baths2.5Total Finished SqFt2,470 SqFtAbove Grade Finished SqFt2,470 SqFtStories2Lot Size9,365 SqFtStyleSingle Family ResidenceYear Built2005ZoningR4CountyFULTONAPN14 009300010339

Schools near 2835 3rd Avenue Southwest

This home is within Atlanta Public Schools.
Rating
School
Type
Grades
Distance
Hutchinson Elementary School
Public - PK to 5
Long Middle School
Public - 6 to 8
South Atlanta High School
Public - 9 to 12
Hank Aaron New Beginnings Academy
Public - 6 to 12
Rating
School
Distance
Hutchinson Elementary School
PublicPK to 5

Long Middle School
Public6 to 8

South Atlanta High School
Public9 to 12

Hank Aaron New Beginnings Academy
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 2835 3rd Avenue Southwest, Atlanta, GA 30315
$525,000
6
–
14,374
2829 3rd Avenue Southwest, Atlanta, GA 30315
$222,500
3
1
1,086
9,570
2845 3rd Avenue Southwest, Atlanta, GA 30315
$199,500
–
–
–
33,279
2834 Dearwood Drive Southwest, Atlanta, GA 30315
–
3
1,045
13,329
2828 Dearwood Drive Southwest, Atlanta, GA 30315
–
3
2
1,100
11,326
2840 3rd Avenue Southwest, Atlanta, GA 30315
$28,500
3
1
1,382
34,543

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Massiah Real Estate Group, Aleia Kadar

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS, Tiftarea Board of Realtors.Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS, Tiftarea Board of Realtors is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.