2243 E Lake Rd NE, Atlanta, GA 30307

Description

INCOME PRODUCING TRIPLEX - FANTASTIC INVESTMENT OPPORTUNITY TO OWN IN HISTORIC DRUID HILLS OR CONVERT INTO SINGLE FAMILY HOME! Projected combined rents of approximately $6,000 per month provide potential gross rental income of $72,000 annually. Recent renovations include new concrete driveway and parking pad, full total renovation of the ADU loft in the back. This charming 1920's traditional ranch with a rocking chair front porch and sidewalk that takes you to Oakhurst Village or Olmsted Linear Park, Fernbank Museum, Fernbank Elementary, Druid Hills Golf Club and many other parks. This hot, in-town location is ideal! Only minutes to Emory, CDC and much much more! Find many original stunning features such as original crown molding and hardwood floors, built in cabinetry, door knobs and fantastic 12’ ceilings. Large private backyard. This triplex offers 2 bedroom/1 full bath spacious unit, one 1 bed/1 bath unit and a separate Studio/Tiny House on the rear of the property. All units with private entrances. Each unit has its own washer and dryer. Parking spaces located in the rear of the property for all the units. Gas and Electric are 3 separate meters and water is 1 meter for the property.


Unit A (front): Vacant - 2/1 is the largest and includes a decorative fireplace, hardwood floors, living room, reading nook or small office area, dining area, renovated modern kitchen with shaker cabinets and quartz countertops, 2 bedrooms and a full updated bath. Unit features original crown molding and hardwood floors, built in cabinetry, some original door knobs and fantastic 12’ ceilings give this property lots of charm.
Unit B (front): Tenant occupied - 1/1 includes a modern new renovated kitchen with white shaker cabinets and quartz countertops and stainless steel appliances, full updated bath, spacious bedroom with hardwood floors, a light-filled bright unit with lots of light through large windows. Hardwood floors, built in cabinetry and original door knobs and fantastic 12’ ceilings give this unit fantastic charm.
Unit C - Large Loft ADU (back): Vacant - 1/1 total renovation including new stairs and wrought iron railing, newly refinished hardwood floors and large new windows that flood the space with natural light. The modern new kitchen boasts stainless steel appliances, quartz countertops, and ample cabinetry for storage. Loft bedroom is upstairs. Bathroom has towel warmer and heating rack, vanity mirror with built-in lights, smart Toto toilet, frameless shower room door and brand new washer and dryer.

All written Lease Agreements available for occupied units. Convert to a single family home, live in one unit and rent the other two. Or use it as an investment property and collect rent.