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Patricia Gaskins

patricia.gaskins@exprealty.com +1(404) 229-8948

$ 899,000

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1445 Lucile AVE SW Atlanta, GA 30310

4,486 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family,Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Westview

MLS Listing ID 10871888

HOA Y/N No

Year Built 1935

Annual Tax Amount $11,949

Tax Year 2026

Lot Size 4,486 Sqft

Acres 0.103

Lot Dimensions 4486.68

Property Sub-Type Multi Family,Quadruplex

Source Georgia MLS 2

Property Description

Turnkey multi-family Investment or Owner Occupant opportunity in rapidly appreciating Historic Westview. The Kelsie is a beautiful Spanish Colonial Revival apartment building fully stabilized currently generating $68,300 in gross rental and laundry income with immediate, high-yield value-add upside. Finish out the fully plumbed 1-bed/1-bath ground floor unit (projected $1,250-$1,300/mo.) to unlock $15,000 in marginal rental income, delivering an estimated 30% Yield on Cost with a $50,000 renovation investment. Continue cosmetic upgrades to interiors, exteriors and common areas and install in Unit washer/dryer hook ups to enhance rents. Extensive Recent Capital Improvements & Renovations include: TPO roof replaced in 2019. HVAC systems replaced for Units #2 and #4 in 2023. Most water heaters recently replaced. Full Interior Renovations: Units #3 & #4 fully renovated in 2018; main-level Units #1 & #2 fully renovated in 2023. Upgraded features include new kitchen/bath cabinetry, plumbing fixtures, quartz/stone countertops, stainless steel appliance packages, tile, luxury flooring, upgraded lighting, and new hardware/window blinds. Exterior & Common Areas improvements included paint, pressure washing, landscaping, drainage, window repairs, and stair/rail maintenance. Prime Westview Location: Situated in the heart of Westview directly across from Kipp Strive Academy and less than 300 feet from the Westside Atlanta Beltline Trail and the incoming 8-acre Enota Park expansion to include with Community Lawn, Boardwalk, Pavilion, Splashpad and Basketball Court. Walk two blocks to neighborhood favorites like Westview Corner Grocery, Firewall, and Augies Cafe. Just minutes to the Lee & White Mixed-Use District (breweries, dining, and retail), the Atlanta University Center, West End MARTA, Downtown Atlanta stadiums, and Hartsfield-Jackson Airport. Ideal 1031 Exchange and with a Unit coming available in the near term property will work for a "house hacking" Owner Occupant using conventional financing.

Location

State GA

County Fulton

Rooms

Bedroom Description No

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air

Fireplace No

Exterior

Parking Features None

Community Features Park, Playground, Sidewalks, Street Lights, Near Public Transport, Walk To Schools, Near Shopping

Utilities Available Electricity Individual Meters, Gas Individual Meters

View Y/N No

Garage No

Private Pool No

Building

Faces On the corner of Lucile Ave and Altoona Place

Foundation Pillar/Post/Pier

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Structure Type Brick

New Construction No

Schools

Elementary Schools Tuskegee

Middle Schools Herman J Russell

High Schools Other

Others

HOA Fee Include None

Tax ID 14 014000050080

Acceptable Financing Other

Listing Terms Other

Special Listing Condition Resale

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Patricia Gaskins

+1(404) 229-8948

patricia.gaskins@exprealty.com

Patricia Gaskins

1445 Lucile AVE SW Atlanta, GA 30310

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1445 Lucile AVE SW