85 Meldon AVE SE Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30315
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,232 sqft
Price per Sqft $288
Subdivision South Atlanta
MLS Listing ID 10626933
Style Bungalow/Cottage
Bedrooms 3
Full Baths 2
Year Built 1920
Annual Tax Amount $5,144
Tax Year 2024
Lot Size 6,490 Sqft
Property Sub-Type Single Family Residence
Property Description
This offering presents a prime opportunity to acquire a stabilized, income-producing residential investment property located in the rapidly revitalizing South Atlanta submarket. The asset consists of a 3-bedroom, 2-bath bungalow totaling approximately 1,232 square feet, situated on a corner lot with a large, level backyard and convenient off-street parking. Originally utilized as a short-term rental (Airbnb), the property has since transitioned into a long-term tenancy, providing consistent monthly income and reduced management intensity. The current lease ensures immediate cash flow upon acquisition, making this an ideal turnkey investment for both new and seasoned investors. The residence was built in 1920 and extensively updated to meet modern living standards while maintaining its classic architectural character. Interior improvements include refinished hardwood flooring, a fully updated kitchen with white cabinetry and stainless-steel appliances, upgraded bathrooms, and high ceilings throughout. The exterior features low-maintenance vinyl siding and a welcoming front porch that enhances curb appeal. Strategically positioned near Downtown Atlanta, Mercedes-Benz Stadium, Hartsfield-Jackson International Airport, and the Pittsburgh Yards redevelopment, the property benefits from strong rental demand and long-term appreciation potential within this rapidly improving corridor.
Location
State GA
County Fulton
Interior
Heating Central,Electric,Forced Air
Cooling Ceiling Fan(s),Central Air
Flooring Hardwood,Tile
Laundry Laundry Closet
Exterior
Parking Features Parking Pad
Garage Spaces 3.0
Community Features None
Utilities Available Cable Available,Electricity Available,High Speed Internet,Sewer Available,Water Available
View Y/N Yes
View City
Roof Type Composition
Building
Lot Description Corner Lot,Level
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Slater
Middle Schools Price
High Schools Carver
Others
Acceptable Financing Assumable,Cash,Conventional
Listing Terms Assumable,Cash,Conventional
Special Listing Condition Resale