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$479,000
New Listing

862 Mitchell Street SW
Atlanta, GA 30314

For Sale|Triplex|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1920
Built
Subdivision:
Owens/F>D Thurmond
County:
Fulton

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Call Now: 706-760-7325
Is this the home for you? We can help make it yours.
706-760-7325
862 Mitchell Street SW862 Mitchell Street SW862 Mitchell Street SW862 Mitchell Street SW
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This turnkey triplex opportunity in Atlanta offers incredible upside in a rapidly appreciating neighborhood. Priced with an ARV of $550,000, the property is a fully renovated duplex that’s already been converted into three separate units and is legally zoned as a triplex. Only a few final steps remain to complete the official triplex certification: general contractor permits at $4,500, firewall installation for $2,500, a post-inspection bathroom touch-up in Unit C for $1,200, a third electrical meter for Unit C at $1,500, and a city triplex permit for $300. The seller, a licensed general contractor, is offering to finish all remaining work for just $10,000. The layout includes three units. Unit A is currently rented through Section 8 at $1,600 per month. Unit B was recently rented for $1,475 and is now vacant, requiring only minor touch-ups. Unit C is perfectly suited for Airbnb or other short-term rental strategies, making it ideal for investors looking to maximize returns. Over $120,000 has already been invested in renovations. The property features a brand-new roof, HVAC system, plumbing, electrical, windows, and drywall—every essential system has been updated. Located in a high-demand rental and short-term rental area, this investment is also BRRRR-friendly, offering strong cash flow potential and long-term equity upside. Financing options include cash, hard money, or FHA 203k loans. Seller financing is not available, and the price is firm. Serious buyers only—this is a rare chance to own a high-performing asset in one of Atlanta’s most promising markets.

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Listing Snapshot
Price 
$479,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.0918 Acres
Year Built 
1920
MLS® Number 
7579097
Status 
Active
Property Tax 
$4,384
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
20 hours agoListing first seen on site
20 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.0918
Buyer Agent Compensation 
3.00
Number Of Stories 
1
Parking 
None
Property Sub Type 
Triplex
Sewer 
Public Sewer
Stories 
One
Utilities 
Cable AvailableElectricity AvailableNatural Gas AvailableUnderground UtilitiesWater Available
Water Source 
Public
Interior Features
Cooling 
Attic FanCeiling Fan(s)Central Air
Flooring 
TileVinylWood
Heating 
CentralZoned
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Exterior Features
Construction Details 
BrickFrame
Fencing 
Back Yard
Lot Features 
Level
Roof 
Composition
View 
City
Waterfront Features 
None
Waterview 
City
Community Features
Community Features 
None
Schools
School District
Unknown
Elementary School
M. A. Jones
Middle School
Herman J. Russell West End Academy
High School
Booker T. Washington
Listing Provided Courtesy Of: GEORGE ANSONG of Maximum One Greater Atlanta Realtors gansong@bellsouth.net

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Neighborhood & Commute
Source: Walkscore
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