1. Georgia
  2. Atlanta
  3. 862 Mitchell Street SW
$489,000

862 Mitchell Street SW, Atlanta, GA 30314

  • Property Icon Triplex
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon4,008sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Multi-family property with a triplex-style layout - $489,000 (Firm) | $80K+ Instant Equity Just Minutes from Mercedes-Benz Stadium | Turnkey Atlanta Investment Opportunity Welcome to this fully permitted, fully renovated multifamily with a triplex-style layout in the heart of Atlanta! Whether you're an investor, house hacker, or FHA buyer, this property delivers strong cash flow potential and immediate equity. Property Highlights All permits approved, closing with stamped engineer drawings & city zoning approval 2,400+ sq ft - 3 spacious units $140,000 in Renovations - New HVAC, roof, electrical, plumbing, kitchens, baths Projected Gross Rent: $4,575/month+ Certified Appraisal: $580,000 Location: 5 minutes to Downtown Atlanta, close to public transit, schools, and entertainment ?? Unit Breakdown Unit A: $1,600/month - Section 8 tenant in place (24-hour notice required) Unit B: $1,475/month - New tenant moving in July Unit C: Finishing touches in progress - Eligible for FHA 203(k) Why This Property? $80K+ Equity from Day 1 Fully renovated and ready to generate income Ideal for House Hackers, Buy-and-Hold Investors, or FHA Buyers $10,000 Closing Cost Credit with full-price offer Don't Miss Out Opportunities like this don't last in 30314!

Listing Status:
Active
Date Added:
May 14, 2025 at 05:00AM
Listing Office:
Maximum One Grt. Atl. REALTORS : 770-919-8825
Listing Agent:
George Ansong : 770-841-7920
MLS ID:
10521982
  • Laundry: Other
  • Basement: Crawl Space
  • A/C: Ceiling Fan(s)Central Air
  • Heating: CentralElectric
  • Fireplace: Fireplaces: 0

This listing courtesy of George Ansong, Maximum One Grt. Atl. REALTORS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

M. Agnes Jones Elementary School

1040 Fair St SW, Atlanta, GA, 30314

Grades EE-5

0.48 miles away

H

Herman J. Russell West End Academy

765 Peeples St SW, Atlanta, GA, 30310

Grades 6-8

1.36 miles away

B

Booker T. Washington High School

45 Whitehouse Dr SW, Atlanta, GA, 30314

Grades 9-12

0.29 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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