Active
663 Magnolia Street NW
Atlanta GA, 30314
$295,000
Active
Multi-family
Built in 1998
Attention Investors! Back on the market at no fault to the Seller. This cash-flowing property boasts a 6.7% cap rate and is perfectly situated in the heart of Historic Vine City, steps from Mercedes-Benz Stadium and close to Atlanta's premier attractions, including HBCUs, Vine City MARTA, Castleberry Hills, Centennial Park, the Georgia Aquarium, Georgia Tech, and the new 16-acre Rodney Cook Sr. Park. With Atlanta's ongoing growth and redevelopment, this low-maintenance investment is primed for success. Currently operating as a Section 8-approved rental, the property features a newer roof, laminate flooring throughout, and low landlord expenses, ensuring easy cash flow with a tenant already in place. Take advantage of the high demand for housing in one of the city's most rapidly evolving neighborhoods. Sold As-Is with tenant in place-please do not disturb the tenant. Don't let this prime investment opportunity pass you by!
10422057
MLSⓇ ID
December 4, 2024
Listed
February 20, 2025
Updated
Interior Features
Total Stories
2
Laundry Description
Other
Fireplace
Yes
Cooling
Yes
Cooling Description
Central Air, Common
Heating
Yes
Heating Description
Natural Gas, Other
Basement
Yes
Exterior/Building Features
Lot Size
0.1 Acres
Sewer
Public Sewer
School Information
High School
Washington
Elementary School
Out of Area
Other Property Details
Taxes
$4,168
Tax Frequency
Annually
Days on Market
43
Garage
No
Parking
Off Street
Parking Total
0
View
No
County
Fulton
Water Source
Public
Utilities
Sewer Connected
Listing History
Date | Event | Price |
|---|---|---|
1/13/2025 | Active | — |
12/6/2024 | Under contract | — |
Listed with BHHS Georgia Properties
Based on information from Georgia MLS as of 2/20/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
©2025 Georgia MLS. All rights reserved. Information deemed reliable but not guaranteed.
Data last updated 7:47 PM UTC, 2/20/2025
