2794 7th SW Street

Highlights:

• Lot Features: Level
• Gross Income: 39600
• Bathrooms Total: 0
• Cooling: Ceiling Fan(s), Central Air
• Heating: Central
• Flooring: Carpet, Hardwood, Laminate
• Construction Materials: Brick, Vinyl Siding
• Parking Features: Driveway
• Accessibility Features: None
• Security Features: Carbon Monoxide Detector(s)

Description:

Grandfathered duplex-style property offering exceptional income-producing potential in a prime Atlanta location, ideal for both investors and owner-occupants seeking immediate cash flow with future upside. This fully renovated asset is currently generating approximately $3,300 per month, with Unit A configured as a 2-bedroom, 1-bath residence leased at $1,850 per month to a qualified long-term tenant with a strong payment history, and Unit B operating as a short-term rental producing approximately $1,350 to $1,550 net monthly income. The property is equipped with two separate gas meters and offers significant value-add opportunity through the unfinished basement, which is well-suited for conversion into a third unit, potentially a studio or 2-bedroom, 1-bath apartment, with an estimated renovation cost of approximately $35,000 per the seller’s contractor bid. Upon completion, projected gross rental income could reach approximately $5,150 per month across three units. Additional features include ample storage space and a versatile basement area ideal for a home gym, workshop, or expanded living space. With a certified appraised value of $325,000, this property presents a compelling opportunity for house hacking, including FHA or FHA 203(k) financing, allowing an owner-occupant to live in one unit while leveraging rental income from the others to offset mortgage expenses, all within close proximity to Atlanta’s key amenities, employment hubs, and growth corridors.

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