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862 Mitchell Street SW

Atlanta, GA 30314
  • $489,000
  • STATUS: Active
  • ON SITE: 58 Days
  • MLS #: 10521982
UPDATED: 35 min ago
$489,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Multi-family property with a triplex-style layout - $489,000 (Firm) | $80K+ Instant Equity Just Minutes from Mercedes-Benz Stadium | Turnkey Atlanta Investment Opportunity Welcome to this fully permitted, fully renovated multifamily with a triplex-style layout in the heart of Atlanta! Whether you're an investor, house hacker, or FHA buyer, this property delivers strong cash flow potential and immediate equity. Property Highlights All permits approved, closing with stamped engineer drawings & city zoning approval 2,400+ sq ft - 3 spacious units $140,000 in Renovations - New HVAC, roof, electrical, plumbing, kitchens, baths Projected Gross Rent: $4,575/month+ Certified Appraisal: $580,000 Location: 5 minutes to Downtown Atlanta, close to public transit, schools, and entertainment ?? Unit Breakdown Unit A: $1,600/month - Section 8 tenant in place (24-hour notice required) Unit B: $1,475/month - New tenant moving in July Unit C: Finishing touches in progress - Eligible for FHA 203(k) Why This Property? $80K+ Equity from Day 1 Fully renovated and ready to generate income Ideal for House Hackers, Buy-and-Hold Investors, or FHA Buyers $10,000 Closing Cost Credit with full-price offer Don't Miss Out Opportunities like this don't last in 30314!

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Georgia MLS logo© 2025 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Rettro Group | Century 21 Novus are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Rettro Group | Century 21 Novus. Data last updated: 2025-07-12T15:10:08.997.
www.c21novusrettrogroup.com/homes/163798308
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862 Mitchell Street SW Atlanta, GA 30314

  • Price: $489,000
  • Status: Active
  • On Site: 58 Days
  • Updated: 35 min ago
  • MLS #: 10521982
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1920
Built
Neighborhood:
Owens /Fd Thurmond
County:
Fulton
Area:
ATLANTA
Elementary School:
Jones
Middle School:
Herman J. Russell
High School:
Washington
Property Description
Multi-family property with a triplex-style layout - $489,000 (Firm) | $80K+ Instant Equity Just Minutes from Mercedes-Benz Stadium | Turnkey Atlanta Investment Opportunity Welcome to this fully permitted, fully renovated multifamily with a triplex-style layout in the heart of Atlanta! Whether you're an investor, house hacker, or FHA buyer, this property delivers strong cash flow potential and immediate equity. Property Highlights All permits approved, closing with stamped engineer drawings & city zoning approval 2,400+ sq ft - 3 spacious units $140,000 in Renovations - New HVAC, roof, electrical, plumbing, kitchens, baths Projected Gross Rent: $4,575/month+ Certified Appraisal: $580,000 Location: 5 minutes to Downtown Atlanta, close to public transit, schools, and entertainment ?? Unit Breakdown Unit A: $1,600/month - Section 8 tenant in place (24-hour notice required) Unit B: $1,475/month - New tenant moving in July Unit C: Finishing touches in progress - Eligible for FHA 203(k) Why This Property? $80K+ Equity from Day 1 Fully renovated and ready to generate income Ideal for House Hackers, Buy-and-Hold Investors, or FHA Buyers $10,000 Closing Cost Credit with full-price offer Don't Miss Out Opportunities like this don't last in 30314!
Exterior Features

Attached Garage YN No Carport YN No Construction Materials BlockBrick Foundation Details BlockSlab Garage YN No Levels One Lot Size Area 4007.52 Lot Size Source Public Records Lot Size Units Square Feet Parking Features Off Street

Interior Features

Above Grade Finished Area Units Square Feet Basement Crawl Space Below Grade Finished Area Units Square Feet Building Area Units Square Feet Cooling Ceiling Fan(s)Central Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating CentralElectric Heating YN Yes Laundry Features Other Living Area Units Square Feet

Property Features

Association Fee Includes Sewer Association YN Yes Community Features Near Public TransportWalk To SchoolsNear Shopping District 14 Es Bus Yn Yes Hs Bus Yn Yes Land Lot 109 Listing Terms CashConventionalFHAVA Loan Ms Bus Yn Yes New Construction YN No Property Condition Updated/Remodeled Property Sub Type Multi FamilyTriplex Section 0 Sewer Public Sewer Special Listing Conditions As IsInvestor OwnedRental Structure Type Triplex Tax Annual Amount 2810.24 Tax Year 22 Utilities Electricity Individual Meters Water Source Public

GAMLS logo Listing provided courtesy of Maximum One Grt. Atl. REALTORS: 770-919-8825. © 2025 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2025 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Rettro Group | Century 21 Novus are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Rettro Group | Century 21 Novus. Data last updated: 2025-07-12T15:10:08.997.
 
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Rettro Group | Century 21 Novus
537 Newnan Road
Carrollton GA, 30117