294 Penelope Dr NW

Atlanta, GA 30314 View Map $3,000,000 Schedule a Tour
Acres1.13
Year1969
Marybeth Henderson

Marybeth Henderson

(770) 656-8898

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Status: Pending
Property Type:Multi-Family
MLS #:7118632
On Site:7 Days
Lot Size:1.13 Acres
County:Fulton
Solid 20-unit multifamily investment opportunity close to transportation and shopping. One block from West Lake Marta station, two blocks to I-20. All apartments are 2 bed 1 bath and there is ALWAYS an abundance of ready, willing, and able tenants. Current owners have replaced more than half of the HVAC systems and twelve of the homes have been updated in last 3 years. 4 sides brick is easy to maintain. Plenty of off-street parking. This gem is 6 min to the Westside Reservoir Park, 9 min to Mercedes-Benz Stadium, 6 min to Lee+White/Westside Beltline, 13 min to Hartsfield-Jackson Atlanta Aiport (or just 11 train stops). The possibilities are endless with this one - buy and hold in it's current state while the surrounding neighborhood continues to appreciate, do some light renovations to command higher rents, or complete an entire overhaul and really max out on your cashflows!

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Detailed Maps

Community Information

Address:294 Penelope Dr NW Atlanta, GA 30314
County:Fulton
City:Atlanta
Neighborhood:Penelope Neighbors
Zip Code:30314

School Information

High School:Frederick Douglass
Middle School:John Lewis Invictus Academy/Harper-Archer
Elementary School:Woodson Park Academy

Architecture

Year Built:1969
Stories:2
Construction: Brick 4 Sides
Roof: Shingle
Parking: Parking Lot, Paved

Features / Amenities

Floor: Carpet, Vinyl
Parking Spaces: 9
Cooling: Central Air
Heat: Central

Property Features

Lot Size: 1.13 Acres
Lot Description: Corner Lot
View: City, Trees/Woods
Lot Number: 0
Utilities Available: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Sewer: Public Sewer
Water: Public
Fencing: Chain Link
Directions:20 to West on MLK. Right on Anderson, Left on Penelope Rd, Right on Penelope Dr and the property is on your left. Park on Penelope Dr and enter the stairwell to the far left (closest to Penelope Rd)

Tax and Financial Info

Taxes: $16, 586
Tax Year: 2021

Listing Office

Listing provided courtesy of Engel & Volkers Atlanta.

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294 Penelope Dr NW Atlanta, GA 30314
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294 Penelope Dr NW Atlanta, GA 30314
 
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Listing information last updated on September 29, 2022 at 7:00 AM EST.