3250 College Street, College Park, GA 30337

$449,900

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List Price
$449,900
MLS#
7828459
Status
ACTIVE
Type
Multifamily
Subtype
Duplex
Lot Size
0.228
Subdivision
College Park

Property Description

Priced at $449,900, this duplex offers investors a leased, income-producing property in College Park. The property is currently occupied, generating $42,240 in annual gross income. The two units have distinct floor plans. Unit A is a 2-bedroom, 2-bath layout at 1,088 square feet, and Unit B is a 4-bedroom, 3-bath layout at 2,050 square feet, for 3,138 square feet of combined living space. Each unit is individually metered for electric and gas, so tenants cover their own utility costs. Built in 1990, the property is in solid condition, with a composition roof, double-pane windows throughout, central air conditioning, and central natural gas heat. A finished partial basement adds useful extra space. The 0.228-acre lot is wooded, offering privacy and shade, with a driveway for off-street parking and a deck in the private backyard. Grounds are maintained through a biweekly yard service. The property sits in a College Park submarket that has seen strong recent appreciation, close to shopping, dining, and Woodward Academy, and is within the Fulton County school district — a fit for a 1031 exchange, a first step into multifamily, or an addition to an existing portfolio.

Additional Information

Stories
Multi/Split
Construction
Block, Frame, Wood Siding
Year Built
1990
Neighborhood Amenities
Restaurant, Public Transportation, Park
Roof
Composition
Lot Dimensions
124 X 65 X 128 X 86
Parking
Driveway
Lot Desc
Wooded
Water
Public
Sewer
Public Sewer
Elementary School
College Park
Middle School
Woodland - Fulton
High School
Tri-Cities
Acres
0.23
Levels
Multi/Split
Taxes
$3,141

Listing courtesy of Harry Norman Realtors.

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