240 Wellington ST SW Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30314
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Price Change
Purchase Type For Sale
MLS Listing ID 10527310
Year Built 1938
Annual Tax Amount $6,228
Tax Year 2024
Lot Size 0.300 Acres
Property Sub-Type Multi Family
Property Description
Calling All Investors! Located in the sought-after Historic Mozley Park neighborhood, this spacious 1938 home sits on a .30-acre lot and is bursting with potential. Currently configured with 10 bedrooms and 3 bathrooms, this property has operated as a successful rent-per-room investment for the past 16 years. Originally a triplex (last used as such in 2009), each unit featured 3 bedrooms and 1 bathroom-making this an ideal candidate for conversion back to a multi-family setup with the proper zoning variance. Though in the historic Mozley Park area, this property is NOT located in a historic preservation zone, giving buyers more flexibility for renovations and development. The neighborhood has seen significant upward growth over the past 3 years, with beautifully renovated homes appearing daily-and its close proximity to the Atlanta BeltLine only adds to the appeal and long-term value. Whether you're looking to restore it as a grand single-family home, reconfigure it as a profitable triplex, or continue its use as a high-yield rental, this is an opportunity you don't want to miss. Currently tenant-occupied, and ready for its next chapter with a little vision and TLC!
Location
State GA
County Fulton
Interior
Heating Central
Cooling Central Air
Laundry In Unit
Exterior
Parking Features None
Community Features None
Utilities Available Other
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Block,Brick
New Construction No
Schools
Elementary Schools F L Stanton
Middle Schools J. L. Invictus Academy
High Schools Douglass
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Fixer