862 Mitchell ST SW new Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30314
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Owens/F>D Thurmond
MLS Listing ID 7579097
Year Built 1920
Annual Tax Amount $4,384
Tax Year 2024
Lot Size 3,998 Sqft
Property Sub-Type Triplex
Property Description
This turnkey triplex opportunity in Atlanta offers incredible upside in a rapidly appreciating neighborhood. Priced with an ARV of $550,000, the property is a fully renovated duplex that's already been converted into three separate units and is legally zoned as a triplex. Only a few final steps remain to complete the official triplex certification: general contractor permits at $4,500, firewall installation for $2,500, a post-inspection bathroom touch-up in Unit C for $1,200, a third electrical meter for Unit C at $1,500, and a city triplex permit for $300. The seller, a licensed general contractor, is offering to finish all remaining work for just $10,000.
The layout includes three units. Unit A is currently rented through Section 8 at $1,600 per month. Unit B was recently rented for $1,475 and is now vacant, requiring only minor touch-ups. Unit C is perfectly suited for Airbnb or other short-term rental strategies, making it ideal for investors looking to maximize returns.
Over $120,000 has already been invested in renovations. The property features a brand-new roof, HVAC system, plumbing, electrical, windows, and drywall—every essential system has been updated. Located in a high-demand rental and short-term rental area, this investment is also BRRRR-friendly, offering strong cash flow potential and long-term equity upside. Financing options include cash, hard money, or FHA 203k loans. Seller financing is not available, and the price is firm. Serious buyers only—this is a rare chance to own a high-performing asset in one of Atlanta's most promising markets.
Location
State GA
County Fulton
Interior
Heating Central,Zoned
Cooling Attic Fan,Ceiling Fan(s),Central Air
Flooring Tile,Vinyl,Wood
Exterior
Parking Features None
Fence Back Yard
Community Features None
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Underground Utilities,Water Available
Waterfront Description None
View City
Roof Type Composition
Building
Lot Description Level
Story One
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
New Construction No
Schools
Elementary Schools M. A. Jones
Middle Schools Herman J. Russell West End Academy
High Schools Booker T. Washington
Others
Special Listing Condition None
Virtual Tour https://idx.paradym.com/idx/862-Mitchell-Street-SW-Atlanta-GA-30314/4921845/prt/37