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Cynthia Walker

cynthia.walker@evatlanta.com +1(404) 840-3186

$ 478,464

Est. payment -/mo

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240 wellington ST SW Atlanta, GA 30314

0.3 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 10578867

HOA Y/N No

Year Built 1938

Annual Tax Amount $6,228

Tax Year 2024

Lot Size 0.300 Acres

Acres 0.3

Lot Dimensions 13068

Property Sub-Type Multi Family

Source Georgia MLS 2

Property Description

Calling All Investors! Located in the sought-after Historic Mozley Park neighborhood, this spacious 1938 home sits on a .30-acre lot and is bursting with potential. Currently configured with 10 bedrooms and 3 bathrooms, this property has operated as a successful rent-per-room investment for the past 16 years. Originally a triplex (last used as such in 2009), each unit featured 3 bedrooms and 1 bathroom-making this an ideal candidate for conversion back to a multi-family setup with the proper zoning variance. Though in the historic Mozley Park area, this property is NOT located in a historic preservation zone, giving buyers more flexibility for renovations and development. The neighborhood has seen significant upward growth over the past 3 years, with beautifully renovated homes appearing daily-and its close proximity to the Atlanta BeltLine only adds to the appeal and long-term value. Whether you're looking to restore it as a grand single-family home, reconfigure it as a profitable triplex, or continue its use as a high-yield rental, this is an opportunity you don't want to miss. Currently tenant-occupied, and ready for its next chapter with a little vision and TLC!

Location

State GA

County Fulton

Rooms

Basement Crawl Space

Interior

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Fireplace No

Laundry In Unit

Exterior

Parking Features None

Community Features None

Utilities Available Sewer Connected

View Y/N No

Garage No

Private Pool No

Building

Faces gps friendly

Sewer Public Sewer

Water Public

Structure Type Block,Concrete

New Construction No

Schools

Elementary Schools F L Stanton

Middle Schools J. L. Invictus Academy

High Schools Douglass

Others

HOA Fee Include None

Tax ID 14 014100090952

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Resale

Cynthia Walker

Real Estate Advisor

+1(404) 840-3186

Cynthia Walker

240 wellington ST SW Atlanta, GA 30314

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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240 wellington ST SW