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$500,000

$450,000 11.1%

Est. payment - /mo

9,104 Sqft Lot

Sold on 08/30/2024

667 Thurmond ST NW Atlanta, GA 30314

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Richard Kelley

Agent | License ID: 162809

+1(770) 367-0755

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UPDATED:

Key Details

Sold Price $500,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Vine City

MLS Listing ID 7415170

Sold Date 08/30/24

Construction Status Resale

HOA Y/N No

Year Built 1950

Annual Tax Amount $1,644

Tax Year 2023

Lot Size 9,104 Sqft

Acres 0.209

Property Sub-Type Duplex

Source First Multiple Listing Service

Property Description

**Two Properties Included in Sale** 667 Thurmond Street NW & 673 Thurmond Street NWl. Cross-listed with FMLS #7415170. PRIME Investment Opportunity in Historic Vine City. 667 Thurmond Street NW & 673 Thurmond Street NW are side-by-side duplexes with skyline views of Downtown Atlanta, steps from Mercedes-Benz Stadium, nearby HBCUs and Vine City MARTA. The side-by-side duplexes feature two 1BR/1BA units in each building. Listed $100,000 UNDER appraised value! 11% cap rate. Approved Section 8 guarantees long-term rental income at $1000 each unit and potential to go to $1150 each. A stone's throw from the new $60+ million Rodney Cook, Sr. Park. Close to Castleberry Hills, Centennial Park, Georgia Aquarium, Georgia Tech, Georgia Dome, State Farm Arena and more. This property offers a range of possibilities to capitalize on the growing demand for housing in Atlanta. Keep as current Section 8 Approved rental property or demolish both duplexes to build a 4 story building. Already up zoned for future development. This opportunity is brimming with potential. Entire block going commercial. Property around the corner listed for $11 million. Don't miss out on the opportunity to capitalize on the area's growth and redevelopment projects in one of Atlanta's most dynamic and evolving neighborhoods.

Location

State GA

County Fulton

Lake Name None

Interior

Heating Central

Cooling Central Air

Flooring Hardwood

Window Features Shutters,Wood Frames

Exterior

Parking Features See Remarks

Fence Back Yard, Chain Link

Community Features Near Beltline, Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Park, Playground, Pool, Public Transportation, Restaurant, Street Lights

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available

Waterfront Description None

View City, Trees/Woods

Roof Type Composition

Accessibility None

Handicap Access None

Total Parking Spaces 4

Private Pool false

Building

Lot Description Level, Wooded, Other

Story One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick 4 Sides

New Construction No

Construction Status Resale

Schools

Elementary Schools M.R. Hollis Innovation Academy

Middle Schools Herman J. Russell West End Academy

High Schools Booker T. Washington

Others

Senior Community no

Tax ID 14 011000030955

Acceptable Financing 1031 Exchange, Cash, Conventional, Other

Listing Terms 1031 Exchange, Cash, Conventional, Other

Special Listing Condition None

Listed by Keller Williams Buckhead
Bought with Non FMLS Member

GET MORE INFORMATION

Richard Kelley

Agent | License ID: 162809

+1(770) 367-0755

667 Thurmond ST NW Atlanta, GA 30314

Key Details

Location

Interior

Exterior

Building

Schools

Others

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667 Thurmond ST NW