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$339,000
Listing Price3beds
2baths
1,400sqft
8,703sqft lot
477 Fairlane Cir Nw, Atlanta, GA 30331
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Full foreclosure details
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
Exceptional turnkey investment opportunity with immediate cash flow! This proven income-producing asset is generating $3,600 per month with both units currently occupied by stable tenants. The property features a spacious 4-bedroom, 3-bath residence leased through the Atlanta Housing Authority at $2,000 per month and a 2-bedroom, 1-bath residence leased to a qualified tenant at $1,600 per month. Both tenants pay their own utilities, maximizing owner cash flow while minimizing operating expenses. Thoughtfully updated approximately one year ago, the property boasts new HVAC systems, new water heaters, beautifully updated kitchens, renovated bathrooms, and numerous additional improvements, providing peace of mind and significantly reducing future maintenance expenses. With its flexible layout, this property is ideally suited for a variety of investment strategies, including PadSplit housing, veteran housing, group home operations, or continued traditional long-term rentals (subject to applicable zoning and local regulations). Perfectly positioned just minutes from I-20, Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, and major employment centers, the location offers exceptional convenience, strong tenant demand, and outstanding long-term appreciation potential. Whether you're adding to an established portfolio or securing your first income-producing property, this fully occupied, newly renovated property offers immediate cash flow, dependable rental income, a
Interior Details
1400
3
2
Has Heating:
Yes
Heating Type:
Yes
Has Cooling:
Yes
Cooling Type:
N/A
Has Fuel:
Yes
Fuel Type:
Gas
Has Basement:
No
Basement Type:
Full
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
8703
Yes
Yes
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Ranch
Concrete
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$1,728
$7,240
$34,960
--%
$42,200
2019
$1,313
$1,760
$30,200
--%
$31,960
2018
$924
$7,280
$15,040
--%
$22,320
2017
$691
$4,800
$11,200
--%
$16,000
2016
$692
$4,800
$11,200
--%
$16,000
2014
$540
$2,840
$9,080
--%
$11,920
2012
$266
$760
$4,320
--%
$5,080
2011
$278
$1,120
$6,240
--%
$7,360
Average Home Price in 30331
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The Atlanta real estate market, with values and inventory levels fluctuating, continues to evolve based on numerous factors. Detailed data, including average property value, per square foot value, and property counts, outlines these trends, enabling buyers, sellers, and investors to understand and navigate the market effectively.




