862 Mitchell ST SW, Atlanta, GA 30314 - MLS#7579097

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Shawn Delaney

[email protected] +1(770) 378-7994

$479,000

Est. payment - /mo

3,998 Sqft Lot

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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

Construction Status Resale

HOA Y/N No

Originating Board First Multiple Listing Service

Year Built 1920

Annual Tax Amount $4,384

Tax Year 2024

Lot Size 3,998 Sqft

Acres 0.0918

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

Lake Name None

Interior

Heating Central, Zoned

Cooling Attic Fan, Ceiling Fan(s), Central Air

Flooring Tile, Vinyl, Wood

Window Features None

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

Accessibility None

Handicap Access None

Private Pool false

Building

Lot Description Level

Story One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick,Frame

New Construction No

Construction Status Resale

Schools

Elementary Schools M. A. Jones

Middle Schools Herman J. Russell West End Academy

High Schools Booker T. Washington

Others

Senior Community no

Tax ID 14 010900010901

Special Listing Condition None

Virtual Tour https://idx.paradym.com/idx/862-Mitchell-Street-SW-Atlanta-GA-30314/4921845/prt/37

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Listed by Maximum One Greater Atlanta Realtors

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Shawn Delaney

+1(770) 378-7994

Agent | License ID: 285391

Agent License ID: 285391

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862 Mitchell ST SW Atlanta, GA 30314

Shawn Delaney

Key Details

Location

Interior

Exterior

Building

Schools

Others

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