238 Anderson Avenue, Atlanta, GA 30314
- $515,000
- List Price
- $515,000
- Price Change
- ▼ $10,000 1787179801
- MLS#
- 7808412
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Duplex
- Lot Size
- 0.107
- Subdivision
- Dixie Hills
Property Description
Turn-key duplex | Motivated seller | Projected 6.4%+ cap rate | Cash flow investment | House hack opportunity Fully renovated upstairs/downstairs duplex with 2 bedrooms and 1 full bathroom per unit (4BR/2BA total). A great fit for portfolio growth, a 1031 exchange, or house hacking. Both units vacant at close, giving the new owner flexibility to lease at market rate, accept Section 8 vouchers, or occupy one side while renting the other. Potential to lease through the Section 8 Program with Atlanta Housing Authority (AHA) at $2,000/month per unit — $4,000/month gross ($48,000 annually). Recently renovated with ample parking, offering broad tenant appeal and low-maintenance ownership. Motivated seller, priced to sell — ideal for buy-and-hold investors and house hackers seeking strong ROI and long-term appreciation. Proven rental history, turn-key condition, and immediate leasing opportunity make this one worth a serious look. Owner/Agent.
Additional Information
- Stories
- Two
- Construction
- Concrete
- Year Built
- 1948
- Neighborhood Amenities
- Near Beltline, Near Public Transport, Near Schools, Near Shopping, Park, Restaurant, Sidewalks, Street Lights, Tennis Court(s), Other
- Roof
- Shingle
- Lot Dimensions
- 4650
- Parking
- Driveway
- Lot Desc
- Sloped
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- F. L. Stanton
- Middle School
- John Lewis Invictus Academy/Harper-Archer
- High School
- Frederick Douglass
- Acres
- 0.11
- Annual Expenses
- 14200
- Levels
- Two
- Gross Income
- 48000
- Net Operating Income
- $33,800
- Taxes
- $4,714
Listing courtesy of Keller Williams Realty West Atlanta.
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