4-unit, beautifully-renovated multifamily opportunity. 100% occupancy. Excellent location in Midtown, Atlanta near all of the city's amenities. Large front porch and spacious rear decks and patios. Off-street parking in front and rear of the building for all units. Large, front common foyer; perfect for secured-bike storage. Within 2 miles of Piedmont Park, Inman Park, Midtown, Virginia-Highland, GA Tech, Little Five Points, and Downtown Atlanta. Rent roll = $96,924 annually Water = $2,400 HOI = $4,812 Property tax = $16,933.17 Repairs = $13,450 Net operating income = $59,328.83 Cap rate 4.4% In-unit washers and dryers in all. Dishwashers in all but the studio. Separately metered gas and electricity for all units. Unit A and C3 are all electric. Separate basement utility room. Unit A is a 3bd/2ba (or 2b w/ office) on the top floor, 1440 sqft, rented through 7/31/23 at $2,950. Unit B is a 2bd/1ba on the main floor, 1220 sqft, rented through 3/31/24 at $1995. Unit C1 is a 2bd/2ba on the garden level, 1050 sqft, rented through 5/31/23 at $1737. Unit C3 is a 0bd/1ba on the garden level, 296 sqft, rented through 1/31/24 at $1395. HVAC split systems from 2012-2019. 4 water heaters, 3 from 2020 and 1 from 2012. 6 parking spots: 5 in the back and 1 in the front Common foyer for bikes Party fence owned by 693 Myrtle St Chain link fence owned by Mary Mac's Hardy board siding less than 10 years old Roof and gutters less than 10 years old Recently replaced decking The property is a legally nonconforming quad, despite R-5 zoning.
Closed
$1,225,000
689 Myrtle St NE, Atlanta, GA 30308
7beds
6baths
--sqft
Quadruplex, Residential Income
Built in 1920
-- sqft lot
$1,296,200 Zestimate®
$--/sqft
$3,258 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 25, 2023 at 06:30am
Listing Provided by:
Carmen Small,
All County Cumberland Property Management 770-431-4633
Bought with:
Amanda Rose, 243859
Berkshire Hathaway HomeServices Georgia Properties
Source: FMLS GA,MLS#: 7189826

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
Basement
- Level: Basement
Heating
- Central
Cooling
- Ceiling Fan(s), Central Air
Features
- Flooring: Hardwood
- Windows: None
Property
Parking
- Parking features: Driveway, Parking Lot
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Three Or More
- Exterior features: No Dock
- Fencing: None
- Has view: Yes
- View description: City
- Waterfront features: None
- Body of water: None
Lot
- Size: 6,451 sqft
- Features: Sloped
Details
- Parcel number: 14 004900100366
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Wood Siding
- Roof: Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & neighborhood
Security
- Security features: None
Community
- Community features: None
Location
- Region: Atlanta
- Subdivision: Moon Roberts & Black
Services availability
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Estimated market value
$1,296,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,296,200