689 Myrtle Street

Atlanta, Georgia 30308
Closed / MLS #7189826 / Multiple Unit (2-4) / Midtown
Listing information updated 4/25/2023 at 8:42am
4-unit, beautifully-renovated multifamily opportunity. 100% occupancy. Excellent location in Midtown, Atlanta near all of the city's amenities. Large front porch and spacious rear decks and patios. Off-street parking in front and rear of the building for all units. Large, front common foyer; perfect for secured-bike storage. Within 2 miles of Piedmont Park, Inman Park, Midtown, Virginia-Highland, GA Tech, Little Five Points, and Downtown Atlanta.Rent roll = $96,924 annuallyWater = $2,400HOI = $4,812Property tax = $16,933.17Repairs = $13,450Net operating income = $59,328.83Cap rate 4.4%In-unit washers and dryers in all. Dishwashers in all but the studio.Separately metered gas and electricity for all units. Unit A and C3 are all electric.Separate basement utility room.Unit A is a 3bd/2ba (or 2b w/ office) on the top floor, 1440 sqft, rented through 7/31/23 at $2,950.Unit B is a 2bd/1ba on the main floor, 1220 sqft, rented through 3/31/24 at $1995.Unit C1 is a 2bd/2ba on the garden level, 1050 sqft, rented through 5/31/23 at $1737.Unit C3 is a 0bd/1ba on the garden level, 296 sqft, rented through 1/31/24 at $1395.HVAC split systems from 2012-2019.4 water heaters, 3 from 2020 and 1 from 2012.6 parking spots: 5 in the back and 1 in the frontCommon foyer for bikesParty fence owned by 693 Myrtle StChain link fence owned by Mary Mac'sHardy board siding less than 10 years oldRoof and gutters less than 10 years oldRecently replaced deckingThe property is a legally nonconforming quad, despite R-5 zoning.

Full Features

Exterior Type:
Wood Siding
Cooling System:
Ceiling Fan(s), Central Air
Heating System:
Central
Pool:
No
Age:
103 years
Roof Type:
Shingle
Parking Type:
Driveway,Parking Lot
Square Feet:
N/A
Acreage:
0.1481

Taxes & Assessments

Tax Amount:
$16,933
Tax Year:
2021

Location

Zip Code:
30308
City:
Atlanta
County:
Fulton - Ga

Schools

Elementary School:
Morningside-
Middle School:
Autrey Mill
High School:
Midtown

Listing Office: All County Cumberland Property Management

Listing Office Phone: 770.431.4633

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689 Myrtle Street is a multiple unit (2-4) which sold for $1,225,000. This multiple unit (2-4) has been listed on Ansley Real Estate since March 20th, 2023 and was built in 1920. Nearby schools include Morningside-, Autrey Mill, and Midtown.