For more information regarding the value of a property, please contact us for a free consultation.
5883 Lone Oak DR SW Mableton, GA 30126
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $723,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision White Oak
MLS Listing ID 7288045
Sold Date 01/29/24
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1984
Annual Tax Amount $5,571
Tax Year 2022
Lot Size 6,229 Sqft
Acres 0.143
Property Description
Perfect Opportunity To Own This 4-Unit Building In Cobb County! Whether you're a dedicated investor seeking to expand your portfolio or a potential homeowner considering living in one unit while leasing the other three (or "house hack"), this opportunity suits a variety of aspirations.This quad was completely renovated in 2020 from top to bottom, including the Roof, HVAC, Plumbing, Electrical, Water Heaters, Windows, Flooring, Cabinets & Paint. All 4 units are 2 bed/1 bath and feature updated interiors and stainless steel appliances. Conveniently situated adjacent to Highway 78, providing efficient ingress to Interstates 20 and 285, while being within a 30-minute drive of prominent destinations including Truist Park, Vinings Jubilee, Buckhead, Midtown, and Downtown Atlanta. HOA varies from 400-500/month and covers and grounds care, water, sewer, and trash. The property is under professional management and well maintained. 1 unit currently leased at $1,350/month and expect full occupancy soon. Market rent 1,300-1,400. Starting the weekend after November 18, 2023, Fannie Mae will allow 5% down payments for owner-occupied 2-, 3-, and 4-unit homes, which is a major change from the previous requirement of 15-25% down payments for such properties. Contact Us For Any Additional Information or Bring Us An Offer!
Location
State GA
County Cobb
Lake Name None
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Window Features Insulated Windows
Exterior
Garage Parking Lot, Paved
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Sewer Available, Underground Utilities, Water Available
Waterfront Description None
View Other
Roof Type Composition
Accessibility None
Handicap Access None
Parking Type Parking Lot, Paved
Total Parking Spaces 8
Private Pool false
Building
Lot Description Level
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick 4 Sides
New Construction No
Construction Status Resale
Schools
Elementary Schools Clay-Harmony Leland
Middle Schools Lindley
High Schools Pebblebrook
Others
Senior Community no
Tax ID 18007600980
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan
Special Listing Condition None
Read Less
Bought with Neighborhood Assistance Corp.