Mableton, GA 30126,5883 Lone Oak DR SW
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Mableton, GA 30126,5883 Lone Oak DR SW
Mableton, GA 30126,5883 Lone Oak DR SW
Mableton, GA 30126,5883 Lone Oak DR SW
Mableton, GA 30126,5883 Lone Oak DR SW

$723,000

Est. payment /mo

$749,900

3.6%
Est.Price: ?

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5883 Lone Oak DR SW Mableton, GA 30126

6,229 Sqft Lot

SOLD DATE : 01/29/2024

Key Details

Sold Price $723,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision White Oak

MLS Listing ID 7288045

Sold Date 01/29/24

Construction Status Resale

HOA Y/N No

Originating Board First Multiple Listing Service

Year Built 1984

Annual Tax Amount $5,571

Tax Year 2022

Lot Size 6,229 Sqft

Acres 0.143

Property Description

Perfect Opportunity To Own This 4-Unit Building In Cobb County! Whether you're a dedicated investor seeking to expand your portfolio or a potential homeowner considering living in one unit while leasing the other three (or "house hack"), this opportunity suits a variety of aspirations.This quad was completely renovated in 2020 from top to bottom, including the Roof, HVAC, Plumbing, Electrical, Water Heaters, Windows, Flooring, Cabinets & Paint. All 4 units are 2 bed/1 bath and feature updated interiors and stainless steel appliances. Conveniently situated adjacent to Highway 78, providing efficient ingress to Interstates 20 and 285, while being within a 30-minute drive of prominent destinations including Truist Park, Vinings Jubilee, Buckhead, Midtown, and Downtown Atlanta. HOA varies from 400-500/month and covers and grounds care, water, sewer, and trash. The property is under professional management and well maintained. 1 unit currently leased at $1,350/month and expect full occupancy soon. Market rent 1,300-1,400. Starting the weekend after November 18, 2023, Fannie Mae will allow 5% down payments for owner-occupied 2-, 3-, and 4-unit homes, which is a major change from the previous requirement of 15-25% down payments for such properties. Contact Us For Any Additional Information or Bring Us An Offer!

Location

State GA

County Cobb

Lake Name None

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air

Window Features Insulated Windows

Exterior

Parking Features Parking Lot, Paved

Fence None

Community Features None

Utilities Available Cable Available, Electricity Available, Sewer Available, Underground Utilities, Water Available

Waterfront Description None

View Other

Roof Type Composition

Accessibility None

Handicap Access None

Total Parking Spaces 8

Private Pool false

Building

Lot Description Level

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick 4 Sides

New Construction No

Construction Status Resale

Schools

Elementary Schools Clay-Harmony Leland

Middle Schools Lindley

High Schools Pebblebrook

Others

Senior Community no

Tax ID 18007600980

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan

Special Listing Condition None

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First Multiple Listing Service(FMLS)
Listed by Atlanta Communities
Bought with Neighborhood Assistance Corp.
agent

Marcus LaGrone

License ID: 243539

+1(404) 455-0129

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