862 Mitchell Street SW
Atlanta, GA 30314
- – beds
- – baths
- – sqft
- 4,008 sqft lot
- 1920 build
- – on site
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.
Last checked:
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Last updated May 14, 2025
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MLS# 10521982 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1920
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Construction Materials:Block, Brick
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Structure Type:Triplex
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# of Units Total:2
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Foundation Details:Block, Slab
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Levels:One
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Basement:Crawl Space
Financial & Terms
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Possession:Close Of Escrow
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Owner Pays:Electricity, Garbage, Gas, Other
Location
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Latitude:33.753271
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Longitude:-84.415833
The Property
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Property Type:Residential Income
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Property Condition:Updated/Remodeled
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Lot:78
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Lot Size Acres:0.092
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Lot Size Source:Public Records
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Parcel Number:14 010900010901
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Land Lot:109
Listing Agent
- Contact info:
- Agent phone:
- (770) 919-8825
- Office phone:
- (770) 919-8825
Taxes
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Tax Year:22
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Tax Annual Amount:$2,810.24
Heating & Cooling
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Heating:Central, Electric
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Cooling:Ceiling Fan(s), Central Air
Utilities
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Utilities:Electricity Individual Meters
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Laundry Features:Other
Schools
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District:14
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Elementary School:Jones
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Elementary Bus:Yes
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Middle School:Herman J. Russell
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Middle School Bus:Yes
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High School:Washington
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High School Bus:Yes
The Community
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Subdivision:Owens /FD Thurmond
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Community Features:Walk To Public Transit, Walk To Schools, Walk To Shopping
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Association:No
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Association Fee Includes:Sewer
Parking
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Parking Features:Off Street
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/14/25
May 14, 2025
|
Listed / Active | GAMLS | $479,000 | 166.1% (38.3% / YR) |
8/29/24
Aug 29, 2024
|
Listed / Active | GAMLS | ||
8/29/24
Aug 29, 2024
|
Listed / Active | GAMLS |