$3,200,000
For Sale

678 Moreland Avenue NE

Atlanta, GA 30306
Browse 50 photos
Type:Purchase
Structure:House
Zone:Residential

Description

Rare Opportunity to own this stunning, newly gut renovated 1950’s vintage 10-unit apartment building in the flourishing neighborhood of Poncey-Highland.
The current owner brought the building down to the brick shell and reframed the interior to include all new interiors, new wiring, plumbing, HVAC, etc. These
new spacious units include beautiful contemporary finishes including white cabinetry, granite countertops, stainless appliances and more. All units have in-unit laundry, and some have eat-in kitchens and/or separate sunrooms with plenty of natural light. Situated on just shy of a half-acre site, the property feels
like two separate lots with plenty of extra land that could be potentially developed with additional apartments. Zoned Poncey-Highland SA-4.
Poncey-Highland is one of the most sought-after neighborhoods in Atlanta due to its location between Virginia Highland, Inman Park and Old Fourth Ward.
Residents will enjoy being just two blocks away from all of the popular restaurants, bars and shops on North Highland Avenue in Virginia Highlands. Residents
are also just steps from Little Five Points and can take Freedom Park to access Inman Park, the Eastside BeltLine Trail, Ponce City Market, and Old Fourth Ward Park. With such easy access to all of these intown areas, residents can truly enjoy the best of intown living.
PROPERTY HIGHLIGHTS
• Newly gut renovated 10-unit apartment building in the popular Poncey-Highland neighborhood
• 10 spacious new units consisting of 1, 2 and 3 bedroom units
• Includes extra land that could potentially be built on to create more units
• New windows, doors, mechanicals, electric and plumbing
• All units have in-unit laundry
• Extra Storage area in basement
• Walking distance to Freedom Park with easy access to Ponce City Market and the Atlanta Beltline
• Steps from Little Five Points, Inman Park and Virginia Highlands
• Zoned: Poncey-Highland SA-4
• $142,935 Average household income within 1 mile

  • Property Details
      • Utility FeaturesCable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
      • Lot DescriptionLevel, Rectangular Lot
      • ViewCity, Neighborhood
      • Property ConditionUpdated/Remodeled
      • SubdivisionPoncey-Highland
      • Elementary SchoolSpringdale Park
      • Middle SchoolDavid T Howard
      • Sewer InformationPublic Sewer
      • Parking FeaturesParking Lot
      • CountyFulton - GA
      • Original List Price$3,200,000
      • Property TypePurchase
      • High SchoolMidtown
      • Taxes Annual$35,233
      • MLS #7476958
      • Cost3200000
      • MLS #7476958
      • Utility SourcePublic
      • Acres0.454
      • Property SubtypeOther
      • Year Built1955

Location

Melanie BuchananReal Estate Group
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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