$425,000
For Sale

1516 Murphy Avenue SW

Atlanta, GA 30310
5 beds | 2 baths | 0.11 acres | #7497026
Type:Purchase
Structure:House
Zone:Residential

Description

Welcome to an incredible investment opportunity at 1516 Murphy Ave SW. This unique single-family home is zoned Commercial, and can present itself as a promising triplex, ideal for savvy investors and those looking to capitalize on rental income. This 5 bedroom 2 bath home has been remodeled and hosts a long term tenant providing a way to subsidize the time you need to rezone and process the permits necessary to build a Triplex!
Situated in the Sylvan Hills neighborhood, this rental property offers more than just potential – it's positioned just moments away from the Beltline, a hub of recreation, culture, and community connectivity.
Haven’t you heard the news?
Atrium Health purchased 40 Acres a mile down the road *New Hospital Development* Plus Murphy Crossing *New Mixed Use Development* West End Mall *New Mixed Use Development* Just minutes away from Westview Commercial District, Lee + White’s mixed use-Warehouse Row, Gordon White Park, Lean Draft House, Pittsburg Yards!
This calculates to over a Billion Dollars in Development a mile down the road!! Buy and hold and capitalize for the future! Don't miss this chance to invest in your future and take advantage of the endless possibilities that 1516 Murphy Ave SW presents. With future triplex plans and producing potential income-generating units, coupled with proximity to the Beltline, this property invites visionaries to turn it into a lucrative endeavor. Architectural Plans Available with purchase! Embrace the opportunity to enhance this space, capitalizing on the thriving rental market, and the allure of the Beltline lifestyle. ***Tenants in place, please do not disturb*** **SHOWING DURING DUE DILIGENCE ONLY **

  • Property Details
      • Utility FeaturesCable Available, Electricity Available, Natural Gas Available
      • Property SubtypeSingle Family Residence
      • Property ConditionUpdated/Remodeled
      • Elementary SchoolT. J. Perkerson
      • InteriorCrown Molding
      • Sewer InformationPublic Sewer
      • Middle SchoolSylvan Hills
      • High SchoolG.W. Carver
      • CountyFulton - GA
      • Lot DescriptionBack Yard
      • Parking FeaturesDriveway
      • Parking TypeDriveway
      • Property TypePurchase
      • Original List Price$425,000
      • MLS #7497026
      • MLS #7497026
      • Acres0.1119
      • Utility SourcePublic
      • Taxes Annual$4,297
      • Cost425000
      • ViewOther
      • StyleRanch
      • Year Built1920
      • SubdivisionN/A
      • Bedrooms5
      • Bathrooms2
      • Full Baths2
      • Bedrooms on Main Level5
      • Master on Main1

Location

Kim McAfee | Coldwell Banker RealtyReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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