NOT LISTED FOR SALE

Estimated Value: $1,439,440 - $1,634,000

1 Bed
1 Bath
6,876 Sq Ft
$219/Sq Ft Est. Value

Last Sold April 20, 2022

Last sale price $1,300,001 $189 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $9,495/month

21 Days on Market

About This Home

As of April 2022

Rare opportunity for an investor to purchase a 6-unit apartment building nestled in the heart of Inman Park, within walking distance to popular Little Five Points restaurants and shops. The property was originally built in the 1920’s as a single family home and was later added onto in the rear to create a 6-unit apartment building. With a mix of 6 spacious one and two bedroom units, the property presents a tremendous value-add opportunity for a new owner through cosmetic improvements to increase rents. Property has two parking spaces on the front driveway along with a gravel parking area in the rear accessible by the alley in the rear.

All rents are currently significantly under market. Value-add with cosmetic renovations to increase rents to market.

Last Agent to Sell the Property

Andy Lundsberg

Bull Realty, Inc. License #256959 Listed on: 02/18/2022

Co-Listed By

Michael Wess, CCIM

Bull Realty, Inc. License #367265

Last Buyer's Agent

Andy Lundsberg

Bull Realty, Inc. License #256959 Listed on: 02/18/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,882

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 8,712 Sq Ft Lot
  • Back Yard Fenced

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property

Parking

  • 2 Parking Spaces
  • Carport
  • Parking Lot

Schools

  • Mary Lin Elementary School
  • David T Howard Middle School
  • Midtown High School

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 14 001500060123

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,882

Year Built

Built in 1920 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Condition: Updated/Remodeled
  • Year Built: 1920
  • Levels Stories: Two
  • Special Features: None
  • Property Sub Type: MultiFamily

Property Details

  • Property: Residential Income

Interior Features

  • Window Features: None

Exterior Features

  • Construction Materials: Vinyl Siding
  • Fencing: Back Yard

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking Features: Carport, Parking Lot

Schools

  • Elementary School: Mary Lin
  • Middle School: David T Howard
  • High School: Midtown

Lot Info

  • Acres: 0.2000
  • Lot Dimensions: 0x0x0
  • Parcel Number: 14 001500060123
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Multi Family

  • Unit Count: 6
  • Number Of Units Total: 6

Tax Info

  • Taxes: 5882.00
  • Assessor Parcel Number: 14-0015-0006-012-3
  • Close Date: 2022-04-20
  • Tax Year: 2021

MLS Schools

  • Elementary School: Mary Lin
  • High School: Midtown
  • Middle School: David T Howard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 1997
Sold by
Kurkian Scott
Bought by
Lamel Llc
Current Estimated Value
$1,508,480

Purchase Details

Closed on
May 3, 1994
Sold by
House Orman L
Bought by
Lib Props Ltd
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lamel Llc $215,000 --
Lib Props Ltd $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Regency Retail Partners Llc $1,040,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2022 04/20/22 Sold $1,300,001 -7.1% $189 / Sq Ft
02/18/2022 02/18/22 For Sale $1,400,000 -- $204 / Sq Ft
Source: First Multiple Listing Service (FMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,312 $480,000 $100,000 $380,000
2023 $20,670 $499,280 $100,000 $399,280
2022 $5,876 $145,200 $107,840 $37,360
2021 $5,882 $145,200 $107,840 $37,360
2020 $8,406 $205,200 $107,840 $97,360
2019 $815 $205,200 $107,840 $97,360
2018 $8,495 $205,200 $107,840 $97,360
2017 $8,863 $470,160 $107,840 $362,320
2016 $8,885 $205,200 $107,840 $97,360
2015 $8,908 $205,200 $107,840 $97,360
2014 $9,304 $205,200 $107,840 $97,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7005115

First Multiple Listing Service (FMLS)

APN: 14-0015-0006-012-3