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Anna Kilinski

RealtorĀ®, CEO, Team Lead & Listing Partner

  • Office 678-400-9151
  • Cell 678-400-9151
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368 Mell Avenue, Atlanta, GA – $915,000

  • $915k Price
  • .2 Acres
  • 190 DOM
  • $915k Price
  • .2 Acres
  • 190 DOM

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368 Mell Avenue

This is an opportunity to own a rare quadruplex in the heart of Candler Park. THREE OF THE UNITS ARE OCCUPIED AND A NEW LEASE WAS JUST EXECUTED FOR THE VACANT UNIT FOR $1,800 MONTH, WHICH IS $200 OVER THE MARKET RATE FOR A ONE BEDROOM APARTMENT! This will increase the annual revenue to over $64,000 with very low expenses! This needle in the haystack quadruplex lies directly across the street from the entrance of Candler Park Recreation Area, and just a five minute walk from restaurants such as: Fellini's, El Gato, La Fonda, and Candler Market.Originally built in 1910, this property includes four 1B/1BA apartments with original charm such as vintage hardwood floors, intricate trim molding, antique fireplaces and original casement windows, as well as a great backyard with a fire pit. The Home has ample parking including a driveway and a parking lot directly across the street. All current tenants in good standing and up to date on rent. Units are currently leased below market rates. With a few updates, units could be leased for $1,600/month or more, further increasing the NOI and future residual value. Time to make hay while the sun shines!!!

Essential Information

  • MLS® #9013101
  • Price$915,000
  • Bathrooms0.00
  • Acres0.20
  • Year Built1910
  • TypeResidential Income
  • StatusUnder Contract

Community Information

  • Address368 Mell Avenue
  • AreaDKW2
  • SubdivisionCandler Park
  • CityAtlanta
  • CountyDeKalb
  • StateGA
  • Zip Code30307

Amenities

  • ParkingOff Street, Guest

Utilities

Electricity Individual Meters, Gas Individual Meters, Water Billing Prorated

Interior

  • HeatingNatural Gas, Forced Air
  • CoolingElectric, Central Air
  • FireplaceYes
  • # of Fireplaces4
  • StoriesOne

Exterior

Construction

Aluminum Siding, Vinyl Siding, Brick

School Information

  • ElementaryLin
  • MiddleDavid T Howard

Additional Information

  • Days on Market190

Listing Details

  • Listing Courtesy of Keller Knapp, Inc
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Price Change History for 368 Mell Avenue, Atlanta, GA (MLS® #9013101)

Date Details Price Change
Under Contract
Price Reduced (from $949,000) $915,000 $34,000 (3.58%)
Active (from New)

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Keller Williams Intown are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed.

The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Copyright 2021 Georgia MLS. All rights reserved.

Listing information last updated on September 18th, 2021 at 3:00pm EDT.