1516 Murphy AVE SW new Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30310
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,566 sqft
Price per Sqft $271
MLS Listing ID 7497026
Style Ranch
Bedrooms 5
Full Baths 2
Construction Status Updated/Remodeled
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1920
Annual Tax Amount $4,297
Tax Year 2024
Lot Size 4,874 Sqft
Acres 0.1119
Property Description
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 **
Location
State GA
County Fulton
Lake Name None
Rooms
Bedroom Description Master on Main
Other Rooms None
Basement None
Main Level Bedrooms 5
Dining Room None
Interior
Interior Features Crown Molding
Heating Natural Gas
Cooling Central Air
Flooring Hardwood,Luxury Vinyl
Fireplaces Type None
Window Features None
Appliance Dishwasher,Gas Oven
Laundry None
Exterior
Exterior Feature None
Parking Features Driveway
Fence None
Pool None
Community Features None
Utilities Available Cable Available,Electricity Available,Natural Gas Available
Waterfront Description None
View Other
Roof Type Shingle
Street Surface None
Accessibility None
Handicap Access None
Porch Front Porch
Private Pool false
Building
Lot Description Back Yard
Story One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One
Structure Type Wood Siding
New Construction No
Construction Status Updated/Remodeled
Schools
Elementary Schools T. J. Perkerson
Middle Schools Sylvan Hills
High Schools G.W. Carver
Others
Senior Community no
Restrictions false
Tax ID 14 012100010095
Special Listing Condition None