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 **
Property Type(s):
Single Family
|
Last Updated
|
1/24/2025
|
Tract
|
N/A
|
|
Year Built
|
1920
|
County
|
Fulton
|
SCHOOLS
| Elementary School |
T. J. Perkerson |
| Jr. High School |
Sylvan Hills |
| High School |
G.W. Carver |
Price History
|
Prior to Jan 24, '25
|
$425,000 |
| Jan 24, '25 - Today |
$455,000 |
Additional Details
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Gas Oven |
| BASEMENT |
None |
| CONSTRUCTION |
Wood Siding |
| EXTERIOR |
None |
| HEAT |
Natural Gas |
| INTERIOR |
Crown Molding |
| LOT |
4874 sq ft |
| LOT DESCRIPTION |
Back Yard |
| LOT DIMENSIONS |
4874 |
| PARKING |
Driveway |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
1 |
| STYLE |
Ranch |
| SUBDIVISION |
N/A |
| TAXES |
4297 |
| UTILITIES |
Cable Available, Electricity Available, Natural Gas Available |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Other |
| WATER |
Public |
| WATER ACCESS |
None |
Listing provided courtesy of Trend Atlanta Realty, Inc.
Location
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Data last updated: 2/5/25 3:57 AM PST.
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