449 Greenwood Ne Avenue, Atlanta, GA 30308

$1,399,900

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List Price
$1,399,900
Price Change
▼ $100,000 1778094587
MLS#
7752230
Status
ACTIVE
Type
Multifamily
Subtype
Triplex
Lot Size
0.25
Subdivision
Midtown

Property Description

Welcome to 449 Greenwood, an historic renovated triplex right in the heart of Midtown on a quiet tree-lined street. Gross rents for March were $18,324.27 and April will meet or beat that number. Live in one unit and let the others pay your mortgage. Or earn a solid 7-8 CAP! Professionally renovated throughout and it comes with a carefully managed rental program designed to maximize ROI. If you're seeking a turn-key, low maintenance, high income generating opportunity, this will not disappoint. Easy to rent due to it's prime location in the heart of HOT Midtown Atlanta, this property is walkable to Piedmont Park, Midtown, Ponce City Market, and the Beltline with its access to shopping, dining, and entertainment venues. This property routinely attracts the highest tier of the Atlanta furnished rental market. Each unit is uniquely designed with custom, high-end finishes and fixtures including hammered brass sinks and faucets, custom hand-painted Moroccan tile, Italian-built gas ranges, a 35-bottle wine fridge, and custom lighting and plumbing fixtures. Every unit includes a large private outdoor living area. Tasteful furnishings by Anthropologie Home and other designer brands are available at additional cost. The units are move-in ready with everything accounted for, from organic bedding linens all the way down to the flatware. The triplex is designed with energy efficiency in mind, which includes new tankless water heaters, LED lighting throughout and low flow toilets. Google Wifi and Smart Home Nest Systems are included in each unit to control air and heat remotely. This boutique property resembles upscale Hollywood accommodations with its playful spirit and trendy finishes. Completely renovated in 2019, these three distinct units showcase ingenious design and glamorous touches catering to those seeking Instagram-worthy spaces with luxurious comfort. Varying floor plans capture a wide audience, ensuring constant occupancy for short or long-term stays. Each sunny unit offers fully stocked gourmet kitchens, LUX spa-like tiled bathrooms, as well as a wide front porch. All units have independent systems and are separately metered. With speedy access to the interstate, the airport can be reached in less than 20 minutes. This unique property has easy walking access to everything intown Atlanta has to offer to visitors coming here for business, fun, and adventure.

Additional Information

Stories
Two
Construction
Cedar, Cement Siding
Year Built
1918
Neighborhood Amenities
Near Beltline, Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway
Roof
Composition
Parking
Driveway
Lot Desc
Level
Water
Public
Sewer
Public Sewer
Elementary School
Springdale Park
Middle School
David T Howard
High School
Midtown
Acres
0.25
Annual Expenses
110000
Levels
Two
Gross Income
219000
Net Operating Income
$109,000
Taxes
$20,597

Listing courtesy of REMAX Metro Atlanta Cityside.

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