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477 Fairlane CIR NW Atlanta, GA 30331
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Key Details
Sold Price $300,000
Property Type Multi-Family
Sub Type Multi Family,Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10794777
Sold Date 10/20/26
HOA Y/N No
Year Built 1960
Annual Tax Amount $3,028
Tax Year 2024
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 8712
Property Sub-Type Multi Family,Duplex
Source Georgia MLS 2
Property Description
Exceptional turnkey investment opportunity with immediate cash flow! This proven income-producing asset is generating $3,600 per month with both units currently occupied by stable tenants. The property features a spacious 4-bedroom, 3-bath residence leased through the Atlanta Housing Authority at $2,000 per month and a 2-bedroom, 1-bath residence leased to a qualified tenant at $1,600 per month. Both tenants pay their own utilities, maximizing owner cash flow while minimizing operating expenses. Thoughtfully updated approximately one year ago, the property boasts new HVAC systems, new water heaters, beautifully updated kitchens, renovated bathrooms, and numerous additional improvements, providing peace of mind and significantly reducing future maintenance expenses. With its flexible layout, this property is ideally suited for a variety of investment strategies, including PadSplit housing, veteran housing, group home operations, or continued traditional long-term rentals (subject to applicable zoning and local regulations). Perfectly positioned just minutes from I-20, Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, and major employment centers, the location offers exceptional convenience, strong tenant demand, and outstanding long-term appreciation potential. Whether you're adding to an established portfolio or securing your first income-producing property, this fully occupied, newly renovated property offers immediate cash flow, dependable rental income, and exceptional long-term investment potential.
Location
State GA
County Fulton
Rooms
Bedroom Description No
Basement None
Interior
Heating Central
Cooling Attic Fan, Ceiling Fan(s), Central Air
Fireplace No
Exterior
Parking Features Parking Pad
Garage Spaces 4.0
Community Features Golf, Playground, Pool, Street Lights, Tennis Court(s), Near Public Transport, Walk To Schools, Near Shopping
Utilities Available Underground Utilities
View Y/N No
Total Parking Spaces 4
Garage No
Private Pool No
Building
Faces GPS
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block
New Construction No
Schools
Elementary Schools Harper-Archer
Middle Schools Harper Archer
High Schools Douglass
Others
HOA Fee Include None
Tax ID 14 024200040385
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Updated/Remodeled
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