862 Mitchell St SW Atlanta, GA 30314
University Center NeighborhoodEstimated payment $3,021/month
Highlights
- City View
- Zoned Heating and Cooling System
- Attic Fan
- Wood Flooring
- 1-Story Property
- Ceiling Fan
About This Home
This turnkey triplex opportunity in Atlanta offers incredible upside in a rapidly appreciating neighborhood. Priced with an ARV of $550,000, the property is a fully renovated duplex that’s already been converted into three separate units and is legally zoned as a triplex. Only a few final steps remain to complete the official triplex certification: general contractor permits at $4,500, firewall installation for $2,500, a post-inspection bathroom touch-up in Unit C for $1,200, a third electrical meter for Unit C at $1,500, and a city triplex permit for $300. The seller, a licensed general contractor, is offering to finish all remaining work for just $10,000.The layout includes three units. Unit A is currently rented through Section 8 at $1,600 per month. Unit B was recently rented for $1,475 and is now vacant, requiring only minor touch-ups. Unit C is perfectly suited for Airbnb or other short-term rental strategies, making it ideal for investors looking to maximize returns.Over $120,000 has already been invested in renovations. The property features a brand-new roof, HVAC system, plumbing, electrical, windows, and drywall—every essential system has been updated. Located in a high-demand rental and short-term rental area, this investment is also BRRRR-friendly, offering strong cash flow potential and long-term equity upside. Financing options include cash, hard money, or FHA 203k loans. Seller financing is not available, and the price is firm. Serious buyers only—this is a rare chance to own a high-performing asset in one of Atlanta’s most promising markets.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,384
Year Built
- Built in 1920
Lot Details
- 3,999 Sq Ft Lot
- Back Yard Fenced
- Level Lot
Home Design
- Triplex
- Brick Exterior Construction
- Frame Construction
- Composition Roof
Interior Spaces
- 1-Story Property
- Ceiling Fan
- City Views
- Attic Fan
Flooring
- Wood
- Tile
- Vinyl
Schools
- M. A. Jones Elementary School
- Herman J. Russell West End Academy Middle School
- Booker T. Washington High School
Utilities
- Zoned Heating and Cooling System
- Underground Utilities
- Cable TV Available
Community Details
- 3 Units
- Owens/F>D Thurmond Subdivision
Listing and Financial Details
- Tax Lot 78
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2023 | $3,933 | $95,000 | $33,440 | $61,560 |
| 2022 | $2,810 | $69,440 | $18,680 | $50,760 |
| 2021 | $2,630 | $64,920 | $22,280 | $42,640 |
| 2020 | $2,627 | $64,120 | $22,000 | $42,120 |
| 2019 | $483 | $24,360 | $10,480 | $13,880 |
| 2018 | $984 | $23,760 | $10,240 | $13,520 |
| 2017 | $244 | $5,640 | $2,160 | $3,480 |
| 2016 | $244 | $5,640 | $2,160 | $3,480 |
| 2015 | $704 | $5,640 | $2,160 | $3,480 |
| 2014 | $256 | $5,640 | $2,160 | $3,480 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/14/2025 05/14/25 | For Sale | $479,000 | +166.1% | -- |
| 01/12/2021 01/12/21 | Sold | $180,000 | -2.7% | $109 / Sq Ft |
| 12/21/2020 12/21/20 | Pending | -- | -- | -- |
| 12/18/2020 12/18/20 | For Sale | $185,000 | -- | $112 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $244,000 | -- | |
| Warranty Deed | $180,000 | -- | |
| Warranty Deed | $210,000 | -- | |
| Warranty Deed | $35,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $35,000 | -- | |
| Foreclosure Deed | $95,200 | -- | |
| Deed | $150,000 | -- | |
| Deed | $104,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $271,150 | New Conventional | |
| Previous Owner | $29,750 | New Conventional | |
| Previous Owner | $30,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $98,800 | New Conventional |
Source: First Multiple Listing Service (FMLS)
MLS Number: 7579097
APN: 14-0109-0001-090-1
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