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16
Photos
1516 Murphy SW Avenue, Atlanta, GA 30310
$425,000 Asking Price
$---/mo Est. Payment Get Prequalified »
5
beds
2
baths
1,566
sqft
Built in
1920
Welcome to an incredible investment opportunity at 1516 Murphy Ave SW. This unique single-family home is zoned Commercial, and can present itself as a promising triplex, ideal for savvy investors and those looking to capitalize on rental income. This 5 bedroom 2 bath home has been remodeled and hosts a long term tenant providing a way to subsidize the time you need to rezone and process the permits necessary to build a Triplex! Situated in the Sylvan Hills neighborhood, this rental property offers more than just potential – it's positioned just moments away from the Beltline, a hub of recreation, culture, and community connectivity. Haven’t you heard the news? Atrium Health purchased 40 Acres a mile down the road *New Hospital Development* Plus Murphy Crossing *New Mixed Use Development* West End Mall *New Mixed Use Development* Just minutes away from Westview Commercial District, Lee + White’s mixed use-Warehouse Row, Gordon White Park, Lean Draft House, Pittsburg Yards! This calculates to over a Billion Dollars in Development a mile down the road!! Buy and hold and capitalize for the future! Don't miss this chance to invest in your future and take advantage of the endless possibilities that 1516 Murphy Ave SW presents. With future triplex plans and producing potential income-generating units, coupled with proximity to the Beltline, this property invites visionaries to turn it into a lucrative endeavor. Architectural Plans Available with purchase! Embrace the opportunity to enhance this space, capitalizing on the thriving rental market, and the allure of the Beltline lifestyle. ***Tenants in place, please do not disturb*** **SHOWING DURING DUE DILIGENCE ONLY **
Features & Amenities
Interior
- General:
- Crown Molding
- Rooms:
- Other
- Appliances:
- Dishwasher, Gas Oven
- Laundry:
- None
- Basement:
- None
- Flooring:
- Hardwood, Luxury Vinyl
- A/C:
- Central Air
- Heating:
- Natural Gas
- Fireplace:
- Fireplaces: 0
- Disability Feature:
- None
- Eco/Green Feature:
- None, None
Exterior
- General:
- None
- Style:
- Ranch
- Pool:
- None
- Parking:
- Driveway
Construction
- Roofing:
- Shingle
- Windows:
- None
- General:
- Wood Siding, One, Slab
Location
- Road/Access:
- None
- Originating MLS:
- First Multiple Listing Service
- County:
- Fulton - GA
Lot
- Zoning:
- ATTACHED AS EXHIBIT., 14 012100010095
- View:
- Other
- Fencing:
- None
Utilities
- Utilities:
- Cable Available, Electricity Available, Natural Gas Available, 220 Volts
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- First Multiple Listing Service
This listing courtesy of:
Trend Atlanta Realty, Inc., Melissa Michel
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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