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784 NE Briarcliff Road

Atlanta, GA 30306
  • $1,235,000
  • STATUS: Active
  • ON SITE: 49 Days
  • MLS #: 20079314
UPDATED: 73 min ago
$1,235,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1930
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

PLEASE DO NOT DISTURB RESIDENTS - SHOWINGS & INSPECTIONS WILL BE SCHEDULED AFTER THE PARTIES ARE UNDER CONTRACT. Stately 1930 Atkins Park/Virginia Highland Triplex with two newly renovated terrace level apartments. All three units are very well maintained and currently leased with great rental income. Many original architectural accents in the main part of the home - elegant foyer stairs, beautiful French doors to the large Living Room, Dining Room and morning porch, the original butler's pantry in the breakfast area of the expanded kitchen. One bedroom and bath on the main level with 4/2 and laundry upstairs (i.e., 5 bedrooms & 3 baths in main house unit). Light and bright with many windows. Updated Kitchen with new granite counter tops (and new granite counter tops in upstairs bathrooms). Two fully renovated modern terrace level apartments (2/1 and 1/1) with a separate side entrance and shared W/D and common storage. Plenty of parking in front for main home residents and in the rear accessed by an alley off St Louis Place for the terrace level apartments. Amazing location with easy walk to Virginia Highland/Atkins Park shops and restaurants. Close to Emory, the Beltline, and the linear parks of Druid Hills. BUYERS: Please DO NOT walk the property or approach the tenants for any reason. No showings until Due Diligence. This is the exceptional turnkey rental property you have been waiting for! This property is listed as a part of a portfolio. There is an existing first loan on the portfolio which is non-recourse and an attractive interest rate of 3.95% with an original 10-year term. The loan is assumable with lender approval and payment of a 1% assumption fee (similar to origination fee) and the Buyer will want to assume the loan or otherwise will need to pay the applicable pre-payment premium. A Seller second loan is possible (with a minimum down payment of 35%) with terms to be negotiated by the parties. The other Listings are as follows: 323 S. King Ave., Pine Mountain, GA - MLS#384229 303 E. Lee Street, Thomaston, GA - MLS#384221 506 N. 2nd Street Lafayette, GA - MLS#384228 372 Grier Street, Macon, GA - MLS#384225 Total Portfolio Price = $3,985,000 and includes 5 properties and 36 units; Minimum Down Payment for Portfolio Acquisition = 35% = $1,394,750. Great Investment Opportunity for Turn-Key Rental Properties with Below Market Interest Rate and non-recourse Financing! Seller is happy to facilitate a Buyer's 1031 tax-deferred exchange so long as it does not create additional expenses or liability for Seller. Please contact listing agent for more details regarding the capital stack and possible sale structure.

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Georgia MLS logo© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than The Heyl Group at Keller Williams are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or The Heyl Group at Keller Williams. Data last updated: 2022-11-30T14:06:15.697.
atlanta.heylrealestate.com/homes/133828393
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784 NE Briarcliff Road Atlanta, GA 30306

  • Price: $1,235,000
  • Status: Active
  • On Site: 49 Days
  • Updated: 73 min ago
  • MLS #: 20079314
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1930
Built
Neighborhood:
Atkins Park
County:
Dekalb
Area:
ATLANTA
Elementary School:
Springdale Park
Middle School:
Other
High School:
Midtown
Property Description
PLEASE DO NOT DISTURB RESIDENTS - SHOWINGS & INSPECTIONS WILL BE SCHEDULED AFTER THE PARTIES ARE UNDER CONTRACT. Stately 1930 Atkins Park/Virginia Highland Triplex with two newly renovated terrace level apartments. All three units are very well maintained and currently leased with great rental income. Many original architectural accents in the main part of the home - elegant foyer stairs, beautiful French doors to the large Living Room, Dining Room and morning porch, the original butler's pantry in the breakfast area of the expanded kitchen. One bedroom and bath on the main level with 4/2 and laundry upstairs (i.e., 5 bedrooms & 3 baths in main house unit). Light and bright with many windows. Updated Kitchen with new granite counter tops (and new granite counter tops in upstairs bathrooms). Two fully renovated modern terrace level apartments (2/1 and 1/1) with a separate side entrance and shared W/D and common storage. Plenty of parking in front for main home residents and in the rear accessed by an alley off St Louis Place for the terrace level apartments. Amazing location with easy walk to Virginia Highland/Atkins Park shops and restaurants. Close to Emory, the Beltline, and the linear parks of Druid Hills. BUYERS: Please DO NOT walk the property or approach the tenants for any reason. No showings until Due Diligence. This is the exceptional turnkey rental property you have been waiting for! This property is listed as a part of a portfolio. There is an existing first loan on the portfolio which is non-recourse and an attractive interest rate of 3.95% with an original 10-year term. The loan is assumable with lender approval and payment of a 1% assumption fee (similar to origination fee) and the Buyer will want to assume the loan or otherwise will need to pay the applicable pre-payment premium. A Seller second loan is possible (with a minimum down payment of 35%) with terms to be negotiated by the parties. The other Listings are as follows: 323 S. King Ave., Pine Mountain, GA - MLS#384229 303 E. Lee Street, Thomaston, GA - MLS#384221 506 N. 2nd Street Lafayette, GA - MLS#384228 372 Grier Street, Macon, GA - MLS#384225 Total Portfolio Price = $3,985,000 and includes 5 properties and 36 units; Minimum Down Payment for Portfolio Acquisition = 35% = $1,394,750. Great Investment Opportunity for Turn-Key Rental Properties with Below Market Interest Rate and non-recourse Financing! Seller is happy to facilitate a Buyer's 1031 tax-deferred exchange so long as it does not create additional expenses or liability for Seller. Please contact listing agent for more details regarding the capital stack and possible sale structure.
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Wood Siding Garage YN No Levels Two Lot Size Area 8712 Lot Size Source Public Records Lot Size Units Square Feet Parking Features Off Street

Interior Features

Above Grade Finished Area Units Square Feet Basement DaylightExterior EntryFinished Below Grade Finished Area Units Square Feet Building Area Units Square Feet Cooling Central Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating Central Heating YN Yes Living Area Units Square Feet

Property Features

Association Fee Includes None Association YN No Community Features None New Construction YN No Property Condition Resale Property Sub Type Multi Family Sewer Septic Tank Structure Type Triplex Tax Annual Amount 17564.82 Tax Year 2021 Utilities Electricity Individual Meters Water Source Public

GAMLS logo Listing provided courtesy of Realpros Real Estate: 678-527-2270. © 2022 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than The Heyl Group at Keller Williams are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or The Heyl Group at Keller Williams. Data last updated: 2022-11-30T14:06:15.697.
 
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