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$279,900

Est. payment - /mo

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9,365 Sqft Lot

Active Under Contract

1917 Penelope RD NW Atlanta, GA 30314

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Nicole Van Den Bergh

[email protected] +1(770) 283-1223

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Penelope Neighbor

MLS Listing ID 10495555

HOA Y/N Yes

Year Built 1957

Annual Tax Amount $2,373

Tax Year 22

Lot Size 9,365 Sqft

Acres 0.215

Lot Dimensions 9365.4

Property Sub-Type Multi Family

Source Georgia MLS 2

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

Rooms

Basement Full

Interior

Heating Central, Electric, Natural Gas

Cooling Attic Fan, Ceiling Fan(s), Central Air

Fireplace No

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

Garage Yes

Private Pool No

Building

Faces GPS FRIENDLY -

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

HOA Fee Include Trash

Tax ID 14 017300100158

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Resale

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Nicole Van Den Bergh

Broker | License ID: 381292

+1(770) 283-1223

1917 Penelope RD NW Atlanta, GA 30314

Nicole Van Den Bergh

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1917 Penelope RD NW

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