Property Description

Located in the highly desirable Druid Hills/Morningside corridor, this fully leased duplex offers a strong investor opportunity with $6,000 per month in gross rents ($72,000 annually) and approximately $19,000 per year in operating expenses, producing an estimated Net Operating Income of $53,000. Both units are currently leased at $3,000 per month plus utilities on month-to-month agreements, providing immediate cash flow with flexibility for future repositioning or owner-occupancy. The upper unit features 3 bedrooms and 2 full baths with recently refinished hardwood floors, spacious living and dining areas, new double-pane windows, and added attic insulation. The main level offers 3 bedrooms and 1.5 baths, a large pantry, and deck access. Each unit has separate entrances, separate driveways, and individually metered gas, electric, and water, helping control expenses and streamline management. Both units also benefit from large basement areas with commercial washer and dryer units and additional storage. Ideally situated near Emory University, Piedmont Park, Virginia Highland, Midtown, Buckhead, and Decatur, with MARTA access nearby and Daniel Johnson Nature Preserve just across the street, this stabilized asset combines reliable in-place income, long-term tenant history, and a prime location in one of Atlanta's most desirable rental markets. Seller is a licensed real estate agent in the State of Georgia. Property is eligible for annexation into the City of Atlanta, which may allow access to the Atlanta Public School system, subject to buyer verification and approval through the City of Atlanta annexation process.

Property Features

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