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862 Mitchell SW Street

$489,000

862 Mitchell SW Street, Atlanta, GA 30314

Active
Last Updated: 06/18/2025

3

Units

1920

Year Built

Details:
Units:    3
Year Built:    1920
Highlights:
  • Lot Features: Level
  • Bathrooms Total: 0
  • Cooling: Attic Fan, Ceiling Fan(s), Central Air
  • Heating: Central, Zoned
  • Flooring: Tile, Vinyl, Wood
  • Construction Materials: Brick, Frame
  • Parking Features: None
  • Accessibility Features: None
  • Security Features: None
  • Buyer Agency Compensation: 3.00
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!

Map:
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