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5883 Lone Oak DR SW Mableton, GA 30126
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Key Details
Sold Price $723,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision White Oak
MLS Listing ID 7288045
Year Built 1984
Annual Tax Amount $5,571
Tax Year 2022
Lot Size 6,229 Sqft
Property Description
Perfect Opportunity To Own This 4-Unit Building In Cobb County! Whether you're a dedicated investor seeking to expand your portfolio or a potential homeowner considering living in one unit while leasing the other three (or "house hack"), this opportunity suits a variety of aspirations.This quad was completely renovated in 2020 from top to bottom, including the Roof, HVAC, Plumbing, Electrical, Water Heaters, Windows, Flooring, Cabinets & Paint. All 4 units are 2 bed/1 bath and feature updated interiors and stainless steel appliances. Conveniently situated adjacent to Highway 78, providing efficient ingress to Interstates 20 and 285, while being within a 30-minute drive of prominent destinations including Truist Park, Vinings Jubilee, Buckhead, Midtown, and Downtown Atlanta. HOA varies from 400-500/month and covers and grounds care, water, sewer, and trash. The property is under professional management and well maintained. 1 unit currently leased at $1,350/month and expect full occupancy soon. Market rent 1,300-1,400. Starting the weekend after November 18, 2023, Fannie Mae will allow 5% down payments for owner-occupied 2-, 3-, and 4-unit homes, which is a major change from the previous requirement of 15-25% down payments for such properties. Contact Us For Any Additional Information or Bring Us An Offer!
Location
State GA
County Cobb
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Exterior
Parking Features Parking Lot, Paved
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Sewer Available, Underground Utilities, Water Available
Waterfront Description None
View Other
Roof Type Composition
Building
Lot Description Level
Story Two
Sewer Public Sewer
Water Public
Structure Type Brick 4 Sides
New Construction No
Schools
Elementary Schools Clay-Harmony Leland
Middle Schools Lindley
High Schools Pebblebrook
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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Bought with Neighborhood Assistance Corp.