2794 7th Street Sw, Atlanta, GA 30315
Local realty services provided by:ERA Sunrise Realty
Listed by: rick wiley
Office: coldwell banker realty
MLS#:10742219
Source:METROMLS
Price summary
- Price:$325,000
About this home
Grandfathered duplex-style property offering exceptional income-producing potential in a prime Atlanta location, ideal for both investors and owner-occupants seeking immediate cash flow with future upside. This fully renovated asset is currently generating $3,200 per month, with Unit A configured as a 2-bedroom, 1-bath residence leased at $1,850 per month to a qualified long-term tenant with a strong payment history, and Unit B with a new qualified tenant which moved in on April 1at a rate of $1,350 per month. The property is equipped with two separate gas meters and offers significant value-add opportunity through the unfinished basement, which is well-suited for conversion into a third unit, potentially a studio or 2-bedroom, 1-bath apartment, with an estimated renovation cost of approximately $35,000 per the seller's contractor bid. Upon completion, projected gross rental income could reach approximately $5,150 per month across three units. Additional features include ample storage space and a versatile basement area ideal for a home gym, workshop, or expanded living space. With a certified appraised value of $325,000, this property presents a compelling opportunity for house hacking, including FHA or FHA 203(k) financing, allowing an owner-occupant to live in one unit while leveraging rental income from the others to offset mortgage expenses, all within close proximity to Atlanta's key amenities, employment hubs, and growth corridors....
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Home facts
- Year built:1932
- Subdivision & Development:Hammond Park
- Listing ID #:10742219
- Updated:July 31, 2026 at 11:07 AM
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:1932
- Lot area:0.2 Acres
- Construction Materials:Brick, Vinyl Siding
- Levels:2 Story
Schools
- High school:South Atlanta
- Middle school:Long
- Elementary school:Hutchinson
Utilities
- Water:Public, Water Billing Prorated
- Sewer:Public Sewer
Finances and disclosures
- Price:$325,000
- Tax amount:$2,938 (2024)
Parking
- Total parking spaces:4
- Parking description:Off Street Parking
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