2881 Shallowford Road NE, Atlanta, GA 30341

Property Description

Amazing opportunity for the savvy investor! Located in highly desirable Chamblee area near I85 and within walking distance to Dresden Elementary school, makes this a highly desirable four sided brick rental. Each unit has 2 bedrooms and 1 bathroom with new driveways completed in 2023(a $6K improvement) and has a family room and kitchen. Recent improvements include painting. The current rental rates are below market value, current rental rates are typically $1,400-$1,600. Investors can buy now and raise rates as-is or renovate and raise to even higher rates and refinance. Long term Tenants in unit 2881 are on month-to-month lease and unit 2879 has long term tenants of 10 years and are on a month-to-month lease. Why buy one when you can buy two? There is an additional duplex for sale a few houses down at 2853 Shallowford Rd, which just recently appraised for $520K (appraisal available upon request), and seller would prefer to sell both duplexes at the same time. Tenants currently occupy the property, please do not walk the property or disturb the tenants.