Great investment opportunity. Remodeled and updated in 2018 and has been an income powerhouse. Currently leased with a long term Tennant at $1,300 a month with roughly five months remaining on lease with interest in renewing. Roughly 750 sqft basement with separate exterior entrance, wired and plumbed. Was once an apartment. Owner was planning to finish it out and turn it into another unit. Owner was also in the process of building an ADU in the large back yard for a third unit. Potential monthly revenue estimated to be around $2800 - 3200 with the added units. Tankless water heater installed in 2022 with enough capacity to supply main home, basement apartment, and ADU. Amazing buy and great investment. No wholesalers and not up for assignment. Please do not disturb tenants. ** Seller is a licensed real estate agent
Closed
$205,000
397 Lincoln St SW, Atlanta, GA 30315
3beds
1,024sqft
Single Family Residence
Built in 1958
8,842.68 Square Feet Lot
$214,900 Zestimate®
$200/sqft
$1,674 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 12, 2024 at 11:23am
Listed by:
eXp Realty
Bought with:
Joseph Stockdale, 345446
Joe Stockdale Real Estate
Source: GAMLS,MLS#: 10082590

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Kitchen
- Features: Breakfast Area, Breakfast Bar, Pantry, Solid Surface Counters
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer
- Laundry: Common Area, Laundry Closet
Features
- Rear Stairs
- Flooring: Carpet, Hardwood
- Basement: Exterior Entry,Full
- Has fireplace: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,024
- Total interior livable area: 1,024 sqft
- Finished area above ground: 1,024
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Carport, Kitchen Level
- Has carport: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Patio
- Has view: Yes
- View description: City
- Waterfront features: No Dock Or Boathouse
- Body of water: None
Lot
- Size: 8,842 sqft
- Features: Other
Details
- Parcel number: 14 008900040084
- Special conditions: Agent Owned,Agent/Seller Relationship
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow/Cottage
- Property subtype: Single Family Residence
Materials
- Aluminum Siding, Concrete
- Foundation: Block
- Roof: Composition
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1958
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: None
Location
- Region: Atlanta
- Subdivision: Joyland
HOA & financial
HOA
- Has HOA: No
- Services included: None
Other
Other facts
- Listing agreement: Exclusive Right To Sell
Services availability

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