If you are on the lookout for a promising real estate investment in Atlanta, look no further than these two duplex homes located in the desirable Fairview Terrace community. With 2 bedrooms, 1 bathroom, a living room, dining room, and kitchen in each unit, these fixer-upper properties present an excellent opportunity for potential buyers.
Conveniently situated just one mile away from Morehouse College and the AU Center, these duplexes offer an ideal location for both students and professionals seeking proximity to these esteemed educational institutions. Positioned between Fair Street and Westview Drive, the properties boast easy access to downtown Atlanta via I-20, which is only three blocks away. Alternatively, residents can opt for the scenic route through MLK and Northside Drive, leading them to Georgia Tech and the iconic Varsity restaurant just four miles away.
One of the major highlights of this investment is the property’s close proximity to the Westside Beltline, which is literally in the backyard. The Westside Beltline, known for its beautiful lighting and recreational facilities, has transformed the surrounding area into a hotbed for remodeled homes, with prices starting at $300,000 and above. Additionally, this location offers numerous duplexes available for rent, making it a popular choice among tenants. As a result, rental prices in the area have been steadily rising due to the neighborhood’s central location and attractive amenities.
For those interested in retail therapy, the Westend shopping district is conveniently located just 3 to 4 miles away from the property. Residents can enjoy a variety of shopping options, including boutiques, restaurants, and entertainment venues, all within a short drive.
Currently, one side of the duplex is occupied by a tenant, while the other side will be vacant soon. With some tender loving care and necessary upgrades, the vacant unit could immediately command a rental rate of $1,300 to $1,500. Similarly, the rented side could also be upgraded, allowing for a mid-lease price increase. However, it is advised not to disturb the tenants, as inspections will only be granted with an accepted offer by the owner.
In conclusion, these Montana fixer-upper homes in the Fairview Terrace community of Atlanta present a fantastic investment opportunity. With their central location, proximity to prestigious educational institutions, and rising rental prices in the area, these duplexes have the potential to yield significant returns. Don’t miss out on the chance to own a property in a neighborhood that is rapidly becoming one of Atlanta’s most sought-after locations.
169 Holderness ST, Atlanta, GA 30314