Bought with Alexandra Covett Pickett • Bolst, Inc.
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1016 Linam AVE SE Atlanta, GA 30315
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Key Details
Sold Price $455,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision Peoplestown
MLS Listing ID 10191301
Sold Date 08/28/23
Construction Status Resale
HOA Y/N No
Year Built 1955
Annual Tax Amount $3,031
Tax Year 2022
Lot Size 6,011 Sqft
Property Description
Amazing investment opportunity in Peoplestown just steps from the Beltline! The property is a classic, legal duplex that consists of two separate rentable units; units are both 2/1 with about 625 sq ft each. More recent updates include a new roof, paint, flooring and appliances 2 years ago. Zoning is R-5 which allows for legal multifamily in the city of Atlanta, and the lot is very wide for the neighborhood at 50ft x 121ft. The immediate area has lots of new construction development due to the excellent location which is very close to many amenities and is walkable to The Beltline, The Beacon, the future Terminal South development (adaptive re-use with food hall), DH Stanton Park, as well as the shops and restaurants of Georgia Ave. Investment options are numerous; rent both sides for a long-term hold, owner-occupant can house-hack by living in one side while doing a short-term rental on the other side, or given the generous lot size and proximity to the Beltline one could redevelop into a larger, modern for-sale duplex. Both sides are currently vacant, the electrical is sub-metered, water is shared to the property, and there is no gas bill.
Location
State GA
County Fulton
Rooms
Basement None
Interior
Heating Central, Heat Pump
Cooling Central Air, Heat Pump
Exterior
Garage Off Street
Garage Spaces 2.0
Community Features Park, Walk To Public Transit, Walk To Schools, Walk To Shopping
Utilities Available Electricity Individual Meters, Sewer Connected, Water Billing Prorated
Building
Story One
Foundation Slab
Sewer Public Sewer
Level or Stories One
Construction Status Resale
Schools
Elementary Schools Barack & Michelle Obama Academy
Middle Schools King
High Schools Mh Jackson Jr
Others
Financing Conventional
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