NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
8,276 Sq Ft Lot

Last Sold July 31, 2024

Last sale price $510,000

9 Days on Market

Highlights

  • Property is near public transit
  • Community Pool
  • Heating Available
  • No HOA
  • Central Air
  • 5-minute walk to Rosa L. Burney Park

About This Home

As of July 2024

Welcome to 389 Glenn St SW, an exceptional income-producing quadruplex in the heart of Atlanta. This property boasts four spacious units, each featuring 2 bedrooms and 1 bathroom, offering an excellent investment opportunity. Currently tenant-occupied, ensuring immediate rental income. Situated near the beautiful Rosa L. Burney Park, residents can enjoy amenities like a recreation center, pool, playground, and basketball court. The property is conveniently close to MARTA, historic Castleberry Hill, Mercedes-Benz & State Farm Arenas, Centennial Olympic Park, and Georgia State University. Additionally, it's near prestigious HBCUs, including Clark Atlanta University, Spelman, and Morehouse College, and just a 15-minute drive to Atlanta Airport. Don't miss out on this fantastic opportunity to own a well-located, income-generating property in Atlanta's Mechanicsville neighborhood. Viewings are strictly by appointment, ideally in group settings. The property will be tenant-occupied at the time of sale, with three units occupied and one unit vacant upon closing. Please allow adequate time for scheduling to coordinate with existing tenants. Please do not disturb the tenants.

Last Agent to Sell the Property

Devanté Smith

Keller Williams Atlanta Midtown License #421397 Listed on: 07/10/2024

Keller Williams Atlanta Midtown

Last Buyer's Agent

Devanté Smith

Keller Williams Atlanta Midtown License #421397 Listed on: 07/10/2024

Keller Williams Atlanta Midtown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,577

Year Built

  • Built in 1959

Lot Details

  • 8,276

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation

Parking

  • 4 Parking Spaces
  • Parking Pad
  • Over 1 Space Per Unit
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Dunbar Elementary School
  • Herman J. Russell Middle School
  • Mh Jackson Jr High School

Utilities

  • Central Air
  • Heating Available

Additional Features

  • 2-Story Property
  • 8,276 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 85/5 / 5

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Community Pool

Building Details

  • Maintenance Expense $260
  • Operating Expense $3,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,577

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • District: 05
  • Section: 13
  • Year Built: 1959
  • Financing Type: Cash
  • Levels: Two
  • Lot Size Acres: .19
  • Structure Type: Quadruplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: None

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Block
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Parking Pad, Over 1 Space per Unit, Off Street
  • ParkingTotal: 4

Utilities

  • Cooling: Central Air, Electric
  • Heating: Electric
  • Sewer: Public Sewer
  • Utilities: Sewer Connected, Water Individual Meters, Electricity Individual Meters
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Walk To Public Transit, Pool, Walk To Schools, Sidewalks, Street Lights

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Dunbar
  • High School: MH Jackson Jr
  • High School Bus: Yes
  • Middle School: Herman J. Russell
  • Middle School Bus: Yes
  • Elementary School: Dunbar
  • Middle School: Herman J. Russell
  • High School: MH Jackson Jr

Lot Info

  • Land Lot: 85
  • Lot: 85/5
  • Deed Book: 4381
  • Deed Page: 438
  • Plat Book: 85
  • Plat Page: 13

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2023
  • Tax Annual Amount: 3577

Multi Family

  • Maintenance Expense: 260
  • NumberOfUnitsTotal: 4
  • OperatingExpense: 3120

MLS Schools

  • Elementary Bus Line: Yes

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold $510,000 -7.3% --
07/19/2024 07/19/24 Pending -- -- --
07/10/2024 07/10/24 For Sale $550,000 +1733.3% --
12/06/2016 12/06/16 Sold $30,000 -70.0% --
12/06/2016 12/06/16 Pending -- -- --
05/22/2016 05/22/16 For Sale $100,000 -- --
Source: Georgia MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10335021

Georgia MLS