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USAGAAtlantaOwens/f>d Thurmond862 Mitchell St Sw
862 Mitchell St Sw, Home with 0 bedrooms, 0 bathrooms and null parking in Atlanta GA | Image 1
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$479,000

862 Mitchell St Sw, Atlanta, GA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage No
Taxes $4,384
Days Active 0
Lot Size 
Approx. Age 1920
MLS® Number 7579097

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
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No Data
Walk Score®
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Transit Score®
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Bike Score®
MLS® Number7579097
Laundry Level
Central VacNo
FireplaceNo
Acreage0.0918
Exterior
GarageNo
Approx. Age1920
Basement
DrivewayNone
Garage Spaces
HeatCentral, Zoned
A/CAttic Fan, Ceiling Fan(s), Central Air
Heating Fuel

Extras

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