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2148 Meador SE Avenue, Atlanta, GA 30315
$289,900 Asking Price
$---/mo Est. Payment Get Prequalified »
2
beds
2
baths
1,054
sqft
Built in
1959
This Section 8 income-producing property generates $2,700 per month. The fully renovated home features 2 bedrooms, 2 bathrooms, and includes a private in-law suite with a kitchenette. The seller will significantly buy down the interest rate for the entire duration of the loan, ensuring a positive cap rate. Additionally, the seller is contributing $5,000 towards closing costs and offering a complimentary one-year home warranty. Capitalize on the demand for Section 8 housing and secure a combined rental income of $2,700 per month. This cash cow boasts upgraded HVAC, kitchen, bathrooms, stainless steel appliances, water heater, and updated electrical and plumbing systems. The property is in a prime location near the interstate, downtown Atlanta, Southside Beltline, and Lakewood Amphitheater. Contact the listing agent to request a comprehensive financial analysis.
Features & Amenities
Interior
- General:
- Entrance Foyer, Recessed Lighting, Wet Bar
- Rooms:
- Family Room, Kitchen, Living Room
- Appliances:
- Electric Range, Gas Range, Range Hood
- Laundry:
- Common Area, In Basement
- Basement:
- Daylight, Exterior Entry, Unfinished
- Flooring:
- Vinyl
- A/C:
- Central Air
- Heating:
- Central
- Fireplace:
- Fireplaces: 0
- Disability Feature:
- None
- Eco/Green Feature:
- None, None
Exterior
- General:
- Lighting, Rain Gutters, Rear Stairs
- Style:
- Traditional
- Pool:
- None
- Parking:
- Carport
Construction
- Roofing:
- Composition
- Windows:
- Insulated Windows, Window Treatments
- General:
- Brick, Brick 4 Sides, Two, Brick/Mortar
Location
- Road/Access:
- City Street
- Originating MLS:
- First Multiple Listing Service
- County:
- Fulton - GA
Lot
- Zoning:
- NA, 14 005900010562
- View:
- Trees/Woods
- Fencing:
- Back Yard, Fenced
Utilities
- Utilities:
- Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available, Other
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- First Multiple Listing Service
This listing courtesy of:
Keller Williams Realty Atl North, Gabriel Bettsack
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Atlanta, GA
Housing
- Number of Units
- 517,940
- Median Home Value
- $387,201
- Median Rent
- $1,151
54.70% of housing units are renter occupied.
9.59% are vacant.
Commute
- Car
-
52.29%
- Public Transportation
-
6.55%
- Walk to Work
-
2.19%
- Work from Home
-
37.45%
- Other
-
1.03%
The median travel time to work is 19 minutes.
People
- Population
- 1,042,237
- Median Age
- 36.10
- Median Household Size
- 2.33
Education
- High School
-
16.96%
- Associate’s Degree
-
5.82%
- Bachelor’s Degree
-
31.69%
- Graduate Degree
-
24.29%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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