Sold
689 Myrtle Street
Atlanta GA, 30308
$1,225,000
$189.89 per sqft
Sold
6,451 sqft
Multi-family
Built in 1920
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.
7189826
MLSⓇ ID
March 20, 2023
Listed
March 7, 2024
Updated
Map
689 Myrtle Street
Atlanta GA, 30308
Interior Features
Total Stories
3
Floor Description
Hardwood
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s), Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.15 Acres
Lot Features
Sloped
Roof
Shingle
Sewer
Public Sewer
School Information
High School
Midtown
Elementary School
Morningside-
Other Property Details
Taxes
$16,933
Tax Frequency
Annually
Days on Market
9
Garage
No
Parking
Driveway, Parking Lot
View
Yes
View Description
City
County
Fulton - GA
Water Source
Public
Pool
No
Buyer Agency Compensation
3%
Green Building Features
Green Features
None
Listing History
Date | Event | Price |
---|---|---|
6/3/2023 | Sold | $1,225,000 |
4/25/2023 | Price Change | $1,225,000 -9% |
4/25/2023 | Unknown | — |
Bought with Amanda Rose with Berkshire Hathaway HomeServices Georgia Properties and Listed by Carmen Small with All County Cumberland Property Management 770-866-4231
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Data last updated 9:30 PM UTC, 3/7/2024