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$1,190,800   Price Analysis
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1370 Clermont Ave
Atlanta, GA 30344
14 bed 8 bath unknown SqFt ($0/SqFt)
0.6 acre lot. Built 1940
Listed 2024-06-06, Taxes $1,621
Ⓧ USDA Ineligible
due to price & location

near Atlanta

Turnkey Investment Opportunity in East Point

GA. Welcome to a remarkable investment opportunity in the sought-after community of East Point, Georgia. This transaction includes three properties: 1366, 1370 and 1371 Clermont Ave. Property Overview: 1366 Clermont Ave.: Two units, one with 3 bedrooms and 1 bathroom unit and one with 2 bedroom and one bath unit. Plus stand alone one bedroom and one bath unit 1370 Clermont Ave.: Two units, each with 2 bedrooms and 1 bathroom, sharing a private parking lot and on-site laundry with 1366 Clermont Ave. 1371 Clermont Ave.: 4-bedroom house featuring 3 full bathrooms and 1 half bath. Each unit has been thoughtfully renovated within the past decade, ensuring modern amenities and updated interiors. The entire complex was last updated in 2014, guaranteeing a turnkey experience fr investors.

Highlights: Investment Potential: A diverse mix of units, from single-family homes to duplexes and detached structures, provides multiple rental income streams. Amenities: Shared parking lot, on-site laundry facilities and private entrances for each unit. Location: Colonial Hills Community: Enjoy the charm and community spirit of Colonial Hills, with easy access to amenities and transportation. Conveniently situated close to major Atlanta highways, Marta Station, Atlanta Downtown, Hartsfield-Jackson Atlanta International Airport, Delta headquarters, Porsche North America and in walking distance to Tyler Perry Studios. Major sport venue and City Parks in minutes away: Mercedes Benz Stadium, State Farm Arena, Georgia State Stadium, Westside Park, Centennial Olympic Park, Grant Park and many others. This exceptional investment opportunity is being sold as is with no showings until the due diligence period/inspection. Don't miss out on this chance to own a versatile and lucrative properties in one of East Point's prime locations. Welcome home to your next extraordinary investment!


Presented by Igor Arkhipov at
Realco Brokers, Inc.


Property MLS #7399030 from FMLS

Bedrooms: 14

Total Bathrooms: 8
Full Bathrooms: 8

Cooling Features: Ceiling Fan(s), Central Air, Electric
Heating Features: Central, Electric, Forced Air

Flooring: Hardwood

Fencing: Back Yard

Lot Description: Level
Lot Size Acres: 0.6
Lot Size Dimensions: x
Lot Size Square Feet: 26136

Parking Features: Driveway
Parking Total: 8

Elementary School: Hamilton E. Holmes
High School: Tri-Cities
Middle School: Paul D. West

Tri-Cities High School is a public high school located approximately 0.7 miles away.
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Hamilton E. Holmes Elementary School is a public elementary school located approximately 1.9 miles away.
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Paul D. West Middle School is a public middle school located approximately 1.9 miles away.
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Romar Academy is a private elementary school located approximately 0.1 miles away.
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Gross Income: 82320

Number of Units: 5
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 3
Bedrooms in Unit-4: 4
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 3
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1

Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 1927
Source Listing Status: Active
County: Fulton - GA
Directions: Take I-85 S and exit 243 for GA-166 toward Langford Pkwy/East Point. Keep right to follow signs for GA-166 W/Langford Pkwy/East Point and merge onto GA-166 W. Take the GA-154 N exit toward US-29 N/Fort McPherson/East Point. Turn right onto GA-154 E/Womack Ave, then turn right onto Clermont Ave.
Tax Year: 2023
Source Property Type: Residential Income
Source Neighborhood: Colonial Hills
Parcel Number: 14 013400040139
Subdivision: Colonial Hills
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$62,160 + $16,560
$78,720
$1,621
2021$48,360 + $13,280
$61,640
$926
2020$47,760 + $13,120
$60,880
$2,620
2019$42,720 + $8,640
$51,360
$506
2018$15,080 + $3,080
$18,160
$512
2017$5,200 + $1,984
$7,184
$209
2016$5,200 + $1,984
$7,184
$209
2015$5,200 + $1,984
$7,184
$210
2014$9,520 + $3,880
$13,400
$410
2013$9,160 + $3,720
$12,880
$392
2012$9,160 + $3,720
$12,880
$384
2011$17,880 + $4,200
$22,080
$647
2010$23,200 + $11,840
$35,040
$1,017
2009$29,800 + $11,840
$41,640
$992
2008$37,040 + $13,200
$50,240
$1,408
2007$37,040 + $13,200
$50,240
$1,437

Listed 2024-06-06
$1,190,800
FMLS
Listing removed 2023-02-25
$1,500
GeorgiaMLS
Price Changed for rent 2023-02-17
$1,500
GeorgiaMLS
Listed for rent 2023-02-10
$1,550
GeorgiaMLS
Listing removed 2015-10-21
$925
Zumper
Price Changed for rent 2015-09-15
$925
Zumper
Listed for rent 2015-09-09
$950
Zumper
Sold 2010-05-04
$85,000
Public Record
Sold 2004-09-28
$128,800
Public Record
Sold 1987-01-14
$45,000
Public Record
Sold 1986-10-13
$45,000
Public Record

Net Operating Income: 82320
Operating Expense: 15000

Year Built: 1940
Levels: Three Or More
Property Age: 84
Property Condition: Resale
Roof: Composition

Sewer: Public Sewer
Cable Available
Electricity Available
Phone Available
Sewer Available
Underground Utilities
Water Available
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.