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$185,000

Est. payment - /mo

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2 Beds

1 Bath

2,307 SqFt

New

233 Sunset AVE NW Atlanta, GA 30314

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Rae Johnson

rae.johnson@exprealty.com +1(404) 640-2929

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status New

Purchase Type For Sale

Square Footage 2,307 sqft

Price per Sqft $80

MLS Listing ID 10845207

Style Colonial

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1890

Annual Tax Amount $1,235

Tax Year 2025

Lot Size 6,054 Sqft

Acres 0.139

Lot Dimensions 6054.84

Property Sub-Type Single Family Residence

Source Georgia MLS 2

Property Description

HISTORIC ATLANTA VALUE-ADD OPPORTUNITY ALL CASH OR take advantage of 2.99% FIXED OWNER FINANCING!** Own a piece of Atlanta history with this circa-1890 home located along Sunset Avenue in historic Vine City, near the King Family Home and Martin Luther King Jr. National Historical Park. This 2-bedroom, 1-bath, approximately 1,582-SF two-story property offers existing rental income, renovation potential and a rare opportunity for an investor or preservation-minded buyer to reposition a historic Atlanta property. Existing tenants currently generate approximately $1,100/month combined. The property is being sold AS-IS and offers significant value-add potential through renovation, restoration and possible reconfiguration or expansion, subject to zoning, historic-preservation requirements and governmental approvals. Known major-system information includes roof replacement in approximately 2014, HVAC dating to approximately 2005 and water heater dating to approximately 2002. Because of the property's age, location and current income-producing use, buyers may wish to investigate potential historic rehabilitation incentives, including applicable Georgia historic rehabilitation income-tax credits, federal historic rehabilitation tax credits for qualifying income-producing historic properties and Georgia preferential property-tax assessment programs. There is also a grant for owner-occupants (buyers) that pays $60,000 for renovations of this home. Historic designation and program eligibility are being verified. No grant, tax credit, reimbursement or other incentive is represented or guaranteed; buyers should independently verify eligibility and program requirements before beginning rehabilitation. **TWO WAYS TO BUY:** Seller will consider **$185,000 CASH *, proof of funds required, OR **$185,000 with OWNER FINANCING at 2.99% FIXED INTEREST and a 7-YEAR BALLOON**, with down payment and final financing structure negotiable. Owner financing may allow a qualified investor or buyer to preserve more capital for renovation and repositioning rather than committing additional cash to acquisition while potentially leveraging grant programs. Acquire the property, preserve its historic character, evaluate available rehabilitation incentives, renovate and reposition for your investment strategy. Serious buyers and investors are encouraged to request additional property information and showing instructions.

Location

State GA

County Fulton

Rooms

Bedroom Description No

Basement Crawl Space

Interior

Interior Features Other

Heating Forced Air

Cooling Central Air

Flooring Hardwood, Carpet

Fireplaces Number 1

Fireplace Yes

Appliance Refrigerator

Laundry In Hall

Exterior

Parking Features Off Street

Garage Spaces 4.0

Community Features None

Utilities Available Cable Available, Electricity Available, Water Available

View Y/N No

Roof Type Composition

Total Parking Spaces 4

Garage No

Private Pool No

Building

Lot Description Other

Faces Take exit 53 from I-20 E. Continue on M.L.K. Jr Dr SW. Drive to Sunset Ave NW. Turn left onto GA-139 S/M.L.K. Jr Dr SW .Continue to follow M.L.K. Jr Dr SW. Turn left onto Sunset Ave NW. Destination will be on the right

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories Two

Structure Type Brick,Vinyl Siding,Wood Siding

New Construction No

Schools

Elementary Schools Hollis Innovation Academy

Middle Schools M R Hollis

High Schools Banneker

Others

HOA Fee Include None

Tax ID 14 011000060366

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Resale

NEARBY SCHOOL & BUSINESS

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Rae Johnson

Owner & REALTOR® License ID: 403002

+1(404) 640-2929

233 Sunset AVE NW Atlanta, GA 30314

Rae Johnson

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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233 Sunset AVE NW