NOT LISTED FOR SALE

689 Myrtle St NE Atlanta, GA 30308

Midtown Atlanta Neighborhood
4 Beds
4 Baths
2,776 Sq Ft
6,451 Sq Ft Lot

Last Sold April 19, 2023

Last sale price $1,225,000 $441 Per Sq Ft

9 Days on Market

Highlights

  • City View
  • Wood Flooring
  • Ceiling Fan
  • Midtown High School Rated A+
  • Central Heating and Cooling System
  • Wood Siding

About This Home

As of April 2023

4-unit, beautifully-renovated multifamily opportunity. 100% occupancy. Excellent location in Midtown, Atlanta near all of the city's amenities. Large front porch and spacious rear decks and patios. Off-street parking in front and rear of the building for all units. Large, front common foyer; perfect for secured-bike storage. Within 2 miles of Piedmont Park, Inman Park, Midtown, Virginia-Highland, GA Tech, Little Five Points, and Downtown Atlanta.

Rent roll = $96,924 annually
Water = $2,400
HOI = $4,812
Property tax = $16,933.17
Repairs = $13,450

Net operating income = $59,328.83
Cap rate 4.4%

In-unit washers and dryers in all. Dishwashers in all but the studio.
Separately metered gas and electricity for all units. Unit A and C3 are all electric.
Separate basement utility room.

Unit A is a 3bd/2ba (or 2b w/ office) on the top floor, 1440 sqft, rented through 7/31/23 at $2,950.
Unit B is a 2bd/1ba on the main floor, 1220 sqft, rented through 3/31/24 at $1995.
Unit C1 is a 2bd/2ba on the garden level, 1050 sqft, rented through 5/31/23 at $1737.
Unit C3 is a 0bd/1ba on the garden level, 296 sqft, rented through 1/31/24 at $1395.

HVAC split systems from 2012-2019.
4 water heaters, 3 from 2020 and 1 from 2012.
6 parking spots: 5 in the back and 1 in the front
Common foyer for bikes

Party fence owned by 693 Myrtle St
Chain link fence owned by Mary Mac's

Hardy board siding less than 10 years old
Roof and gutters less than 10 years old
Recently replaced decking

The property is a legally nonconforming quad, despite R-5 zoning.

Last Agent to Sell the Property

Carmen Small

All County Cumberland Property Management License #344824 Listed on: 03/20/2023

Last Buyer's Agent

Amanda Rose

Berkshire Hathaway HomeServices Georgia Properties License #243859

Berkshire Hathaway HomeServices Georgia Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,933

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 6,451 Sq Ft Lot
  • Sloped Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Ceiling Fan
  • Wood Flooring
  • City Views

Parking

  • Driveway
  • Parking Lot

Schools

  • Morningside- Elementary School
  • Autrey Mill Middle School
  • Midtown High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Phone Available
  • Cable TV Available

Community Details

  • 4 Units
  • Moon Roberts & Black Subdivision

Listing and Financial Details

  • Assessor Parcel Number 14 004900100366

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,933

Year Built

Built in 1920 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Legal Description: Land Lot 49 of the 14th District of Fulton County, Georgia, and being Lot 9 of the Roan, Roberts and Black Property Subdivision
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Quadruplex
  • Property Condition: Updated/Remodeled
  • Year Built: 1920
  • Levels Stories: Three Or More
  • Special Features: None

Property Details

  • Property: Residential Income

Interior Features

  • Flooring: Hardwood
  • Window Features: None

Exterior Features

  • Construction Materials: Wood Siding
  • Roof Type: Shingle
  • View: City

Garage/Parking

  • Parking Features: Driveway, Parking Lot

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available

Condo/Co-op/Association

  • Subdivision Complex: Moon Roberts & Black

Lot Info

  • Acres: 0.1481
  • Lot Features: Sloped
  • Lot Dimensions: x
  • Parcel Number: 14 004900100366
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 16933.00
  • Tax Year: 2021

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Morningside-
  • High School: Midtown
  • Middle School: Autrey Mill

Range of Values:

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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 List to Sale Price per Sq Ft Prior Sale
04/19/2023 04/19/23 Sold $1,225,000 -8.9% $441 / Sq Ft
03/20/2023 03/20/23 For Sale $1,345,000 +18.5% $485 / Sq Ft
05/07/2021 05/07/21 Sold $1,135,000 -3.4% $409 / Sq Ft View Prior Sale
03/22/2021 03/22/21 For Sale $1,175,000 +40.7% $423 / Sq Ft
04/06/2018 04/06/18 Sold $835,000 -1.8% $301 / Sq Ft View Prior Sale
03/12/2018 03/12/18 Pending -- -- --
03/09/2018 03/09/18 For Sale $849,900 0.0% $306 / Sq Ft
03/02/2018 03/02/18 Pending -- -- --
03/02/2018 03/02/18 For Sale $849,900 +17.8% $306 / Sq Ft
03/23/2017 03/23/17 Sold $721,250 -1.9% $122 / Sq Ft View Prior Sale
02/13/2017 02/13/17 For Sale $735,000 +169.2% $124 / Sq Ft
03/15/2012 03/15/12 Sold $273,000 -22.0% $98 / Sq Ft View Prior Sale
12/14/2011 12/14/11 Pending -- -- --
09/01/2011 09/01/11 For Sale $349,900 -- $126 / Sq Ft
Source: First Multiple Listing Service (FMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Carmen Small

    All County Cumberland Property Management

    (770) 866-4231

    1 in this area

    29 Total Sales

    Carmen Small
    Section Image
  • Amanda Rose

    Buyer's Agent in 2023

    Amanda Rose

    Berkshire Hathaway HomeServices Georgia Properties

    (678) 521-9953

    4 in this area

    80 Total Sales

    Amanda Rose
    Section Image
  • Andy Lundsberg

    Seller's Agent in 2021

    Andy Lundsberg

    Bull Realty, Inc.

    (404) 876-1640

    8 in this area

    28 Total Sales

    Andy Lundsberg
    Section Image
  • Michael Wess, CCIM

    Seller Co-Listing Agent in 2021

    Michael Wess, CCIM

    Bull Realty, Inc.

    (770) 598-6212

    10 in this area

    27 Total Sales

    Michael Wess, CCIM
    Section Image
  • Cameron McCaa

    Buyer's Agent in 2021

    Cameron McCaa

    Atlanta Intown Real Estate Services

    (404) 414-2496

    1 in this area

    35 Total Sales

    Cameron McCaa
    Section Image
  • Adam Morrison

    Seller's Agent in 2018

    Adam Morrison

    Atlanta Fine Homes Sotheby's International Realty

    (912) 308-9687

    26 in this area

    70 Total Sales

    Adam Morrison
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7189826

First Multiple Listing Service (FMLS)

APN: 14 -0049-0010-036-6

Georgia Fulton County Atlanta 30308 Midtown Atlanta

689 Myrtle St NE, Atlanta, GA

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