1917 Penelope RD NW Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30314
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Penelope Neighbor
MLS Listing ID 10495555
Year Built 1957
Annual Tax Amount $2,373
Tax Year 22
Lot Size 9,365 Sqft
Property Sub-Type Multi Family
Property Description
Let me introduce you to an incredible investment opportunity in West Atlanta - 1917 Penelope Road. Atlanta, GA 30314 This solid, four-sided brick home offers the perfect blend of space, stability, and upside. It features 6 bedrooms, 3 bathrooms, and over 2,600 square feet of finished living space, including a fully finished basement - ideal for owner occupied or flexible tenant setups. Listed at $279,900, the property is structurally sound and only needs light cosmetic updates - making it a perfect low-lift value-add play. Now let's talk cash flow. This home sits in a high-demand rental area and qualifies for the Choice Program, also known as Section 8. That means guaranteed rent and steady tenant demand. You're looking at rental income potential of: ?? $2,900 per month with the owner covering utilities, or ?? $2,700 per month if the tenant covers them. That's up to $34,800 in gross annual rent - from day one. And here's where it gets even better: With just a few cosmetic touches, you can boost the property's value, attract stronger tenants, and increase your equity - all while generating consistent passive income. Add in the finished basement, and you've got serious flexibility - for multi-generational tenants, extra rooms, or even rental by the room. The Choice Program provides guaranteed income, 6-bedroom homes are in short supply, and West Atlanta is trending up fast - with rising values and strong demand. So if you're looking for a plug-and-play rental with long-term potential and steady returns, 1917 Penelope Road is one to move on quickly. Let's talk numbers, walk the property, or get this added to your portfolio today. SELLER OPEN TO SELLER FINANCING
Location
State GA
County Fulton
Interior
Heating Central,Electric,Natural Gas
Cooling Attic Fan,Ceiling Fan(s),Central Air
Laundry Coin Laundry
Exterior
Parking Features Attached,Off Street
Community Features Near Shopping
Utilities Available Gas Individual Meters,Sewer Connected,Underground Utilities
View Y/N No
Building
Foundation Block,Pillar/Post/Pier
Sewer Public Sewer
Water Public
Structure Type Block,Brick
New Construction No
Schools
Elementary Schools Woodson
Middle Schools Other
High Schools Douglass
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Resale