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5883 Lone Oak Mableton, GA 30126
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Key Details
Sold Price $723,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision White Oak
MLS Listing ID 10214008
Sold Date 01/29/24
HOA Y/N No
Originating Board Georgia MLS 2
Year Built 1984
Annual Tax Amount $5,571
Tax Year 2022
Lot Size 6,229 Sqft
Acres 0.143
Lot Dimensions 6229.08
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
Rooms
Basement None
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Fireplace No
Exterior
Parking Features Over 1 Space per Unit, Parking Pad
Garage Spaces 8.0
Community Features None
Utilities Available Underground Utilities
View Y/N No
Total Parking Spaces 8
Garage No
Private Pool No
Building
Faces GPS Friendly. From Francis To Lone Oak Drive, the building is the second (or middle) building and all units are toward the back/furthest from the parking lot.
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Clay
Middle Schools Lindley
High Schools Pebblebrook
Others
HOA Fee Include None
Tax ID 18007600980
Special Listing Condition Resale
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