862 Mitchell Street SW
Atlanta, GA 30314
$459,000
This turnkey triplex opportunity in Atlanta offers incredible upside in a rapidly appreciating neighborhood. Priced with an ARV of $550,000, the property is a fully renovated duplex that’s already been converted into three separate units and is legally zoned as a triplex. Only a few final steps remain to complete the official triplex certification: general contractor permits at $4,500, firewall installation for $2,500, a post-inspection bathroom touch-up in Unit C for $1,200, a third electrical meter for Unit C at $1,500, and a city triplex permit for $300. The seller, a licensed general contractor, is offering to finish all remaining work for just $10,000. The layout includes three units. Unit A is currently rented through Section 8 at $1,600 per month. Unit B was recently rented for $1,475 and is now vacant, requiring only minor touch-ups. Unit C is perfectly suited for Airbnb or other short-term rental strategies, making it ideal for investors looking to maximize returns. Over $120,000 has already been invested in renovations. The property features a brand-new roof, HVAC system, plumbing, electrical, windows, and drywall—every essential system has been updated. Located in a high-demand rental and short-term rental area, this investment is also BRRRR-friendly, offering strong cash flow potential and long-term equity upside. Financing options include cash, hard money, or FHA 203k loans. Seller financing is not available, and the price is firm. Serious buyers only—this is a rare chance to own a high-performing asset in one of Atlanta’s most promising markets.
- SubdivisionOwens/F>D Thurmond
- Zip Code30314
- CityAtlanta
- CountyFulton - GA
Location
- ElementaryM. A. Jones
- JuniorHerman J. Russell West End Academy
- HighBooker T. Washington
Schools
- StatusActive
- MLS #7579097
- TypeResidential Income
- SpecialSold As/Is
MLS Data
- ConstructionBrick, Frame
- Built In1920
- StoriesArray
- UtilitiesCable Available, Electricity Available, Natural Gas Available, Underground Utilities, Water Available
- SewerPublic Sewer
- Lot DescriptionLevel
- Lot Dimensionsx
- Acres0.0918
Exterior Details
Listing Provided Courtesy Of: Maximum One Greater Atlanta Realtors 770-919-8825
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Data Last updated on May 30, 2025 2:04pm