85 Meldon AVE SE Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30315
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,232 sqft
Price per Sqft $288
Subdivision South Atlanta
MLS Listing ID 7667135
Style Bungalow
Bedrooms 3
Full Baths 2
Year Built 1920
Annual Tax Amount $5,144
Tax Year 2024
Lot Size 6,490 Sqft
Property Sub-Type Single Family Residence
Property Description
This offering presents a prime opportunity to acquire a stabilized, income-producing residential investment property located
in the rapidly revitalizing South Atlanta submarket. The asset consists of a 3-bedroom, 2-bath bungalow totaling
approximately 1,232 square feet, situated on a corner lot with a large, level backyard and convenient off-street parking.
Originally utilized as a short-term rental (Airbnb), the property has since transitioned into a long-term tenancy, providing
consistent monthly income and reduced management intensity. The current lease ensures immediate cash flow upon
acquisition, making this an ideal turnkey investment for both new and seasoned investors. The residence was built in 1920 and extensively updated to meet modern living standards while
maintaining its classic architectural character. Interior improvements include refinished hardwood
flooring, a fully updated kitchen with white cabinetry and stainless-steel appliances, upgraded
bathrooms, and high ceilings throughout. The exterior features low-maintenance vinyl siding and a
welcoming front porch that enhances curb appeal.
Strategically positioned near Downtown Atlanta, Mercedes-Benz Stadium, Hartsfield-Jackson
International Airport, and the Pittsburgh Yards redevelopment, the property benefits from strong
rental demand and long-term appreciation potential within this rapidly improving corridor.
Location
State GA
County Fulton
Area South Atlanta
Rooms
Other Rooms None
Dining Room None
Kitchen Breakfast Bar,Cabinets White,Stone Counters,Pantry
Interior
Heating Central,Forced Air,Electric
Cooling Ceiling Fan(s),Central Air
Flooring Ceramic Tile,Hardwood
Fireplaces Type None
Equipment None
Laundry Laundry Closet,Main Level
Exterior
Exterior Feature None
Parking Features Parking Pad
Fence None
Pool None
Community Features None
Utilities Available Cable Available,Electricity Available,Sewer Available,Water Available
Waterfront Description None
View Y/N Yes
View City
Roof Type Composition
Building
Lot Description Corner Lot,Back Yard,Level,Front Yard
Story One
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Frame,Vinyl Siding
Schools
Elementary Schools Thomas Heathe Slater
Middle Schools Judson Price
High Schools G.W. Carver
Others
Acceptable Financing Assumable,Cash,Conventional
Listing Terms Assumable,Cash,Conventional