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Aurelio Mancini

auri.mancini@engelvoelkers.com +1(312) 927-5150

$ 349,000

Est. payment -/mo

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New

536 Elmwood RD NW Atlanta, GA 30318

5 Beds

3 Baths

2,127 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Conversion

Listing Status New

Purchase Type For Sale

Square Footage 2,127 sqft

Price per Sqft $164

MLS Listing ID 10800831

Style Traditional

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1940

Annual Tax Amount $2,747

Tax Year 2024

Lot Size 0.400 Acres

Acres 0.4

Lot Dimensions 17424

Property Sub-Type Conversion

Source Georgia MLS 2

Property Description

UNMATCHED VALUE and versatility in up-and-coming Grove Park! Zoned multi-family on a massive lot, this turnkey opportunity is priced to sell at $349,000. This fully renovated duplex delivers 5 bedrooms and 3 full bathrooms across two independent units sitting on an expansive 0.43-acre lot. Boasting a rare DOUBLE-FOOTPRINT compared to typical area parcels, this oversized lot represents a dream opportunity for both traditional homebuyers and investors alike. Recently updated from top-to-bottom with new appliances and modern finishes, this property offers incredible lifestyle and income options: * SMART HOMEOWNERSHIP ("HOUSE HACK"): Live in the spacious 3-bed, 2-bath unit and rent out the 2-bed, 1-bath suite to heavily offset your mortgage. * MULTIGENERATIONAL LIVING: Perfectly configured to keep family close, use the lower level as a private, independent "mother-in-law" suite. * PURE INVESTMENT / DEVELOPMENT: Take advantage of the rare R-5 multi-family zoning. Keep it fully occupied as a high-yield duplex generating exceptional immediate cash flow (85% government subsidized), or capitalize on the massive footprint to build additional income units, an ADU, or expand the existing structure for MAXIMUM DENSITY and equity growth. Both light-filled units feature tiled flooring and separate utility meters for effortless management. Tenants and owners will love the shared access to an enormous backyard perfect for outdoor relaxation. Conveniently located to West Midtown, Downtown Atlanta, Georgia Tech, and Mercedes-Benz Stadium with easy access to public transit for an effortless city commute. Nature lovers and outdoor enthusiasts will enjoy immediate proximity to Shirley Clarke Franklin Park (formerly Westside Park)-Atlanta's largest park with a massive reservoir and scenic city skyline views, located just 1 mile from the property. This HIGH-DEMAND LOCATION positions buyers perfectly for long-term appreciation and quality occupancy. SHOWING DETAILS: Units are occupied; no lockbox on-site. All showings require a scheduled appointment. Broker will provide access.

Location

State GA

County Fulton

Rooms

Bedroom Description No

Basement Finished

Interior

Interior Features Tile Bath

Heating Central

Cooling Central Air

Flooring Carpet, Laminate

Fireplace No

Appliance Cooktop, Dishwasher, Dryer, Refrigerator

Laundry Common Area

Exterior

Parking Features Parking Pad

Community Features Street Lights, Near Public Transport

Utilities Available Cable Available, Electricity Available, High Speed Internet, Underground Utilities

View Y/N No

Roof Type Composition

Garage No

Private Pool No

Building

Lot Description Level, Private

Faces USE GPS to locate the property.

Sewer Public Sewer

Water Public

Architectural Style Traditional

Structure Type Press Board,Wood Siding

New Construction No

Schools

Elementary Schools Woodson

Middle Schools Woodson

High Schools Douglass

Others

HOA Fee Include None

Tax ID 14 014600030193

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition Updated/Remodeled

NEARBY SCHOOLS & PROPERTIES

Aurelio Mancini

Advisor

+1(312) 927-5150

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