862 Mitchell ST SW Active 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
Construction Status Resale
HOA Y/N No
Year Built 1920
Annual Tax Amount $4,384
Tax Year 2024
Lot Size 3,998 Sqft
Acres 0.0918
Property Sub-Type Triplex
Source First Multiple Listing Service
Property Description
Fully Renovated Legal Triplex – $489,000 (Firm) | $80K+ Instant Equity ??
?? Just Minutes from Mercedes-Benz Stadium | Turnkey Atlanta Investment Opportunity
Welcome to this fully permitted, fully renovated LEGAL triplex in the heart of Atlanta! Whether you're an investor, house hacker, or FHA buyer, this property delivers strong cash flow potential and immediate equity.
?? Property Highlights
Legal Triplex – All permits approved, closing with stamped engineer drawings & city zoning approval
2,400+ sq ft – 3 spacious units
$140,000 in Renovations – New HVAC, roof, electrical, plumbing, kitchens, baths
Projected Gross Rent: $4,575/month+
Certified Appraisal: $580,000
Location: 5 minutes to Downtown Atlanta, close to public transit, schools, and entertainment
?? Unit Breakdown
Unit A: $1,600/month – Section 8 tenant in place (24-hour notice required)
Unit B: $1,475/month – New tenant moving in July
Unit C: Finishing touches in progress – Eligible for FHA 203(k)
?? Why This Property?
$80K+ Equity from Day 1
Fully renovated and ready to generate income
Ideal for House Hackers, Buy-and-Hold Investors, or FHA Buyers
$10,000 Closing Cost Credit with full-price offer
?? Don't Miss Out
Opportunities like this don't last in 30314!
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
Virtual Tour https://idx.paradym.com/idx/862-Mitchell-Street-SW-Atlanta-GA-30314/4921845/prt/37