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Charming duplex on Kenwood Avenue in the sought-after Loring Heights neighborhood situated on a quiet interior street. Uniquely designed, this is two individual 2 bedroom homes separated *by a common stairway. No shared walls between the homes. The front home has just been fully renovated. Before renovations, it rented for $2,095. The back home has been rented by the same great tenant for 8 years. Current rent is $2,350 with no increases in the past three years. The lease is currently month to month. The new owner can keep the tenant and move into the newly renovated front unit. Or give a 30 day notice to vacate the back unit and use the whole house. Or live in the back while renting the newly renovated front unit. If either unit was furnished, it would bring in significantly higher short term rental income. The current owner has rented this property fully occupied for the past 18 years ...
Charming duplex on Kenwood Avenue in the sought-after Loring Heights neighborhood situated on a quiet interior street. Uniquely designed, this is two individual 2 bedroom homes separated *by a common stairway. No shared walls between the homes. The front home has just been fully renovated. Before renovations, it rented for $2,095. The back home has been rented by the same great tenant for 8 years. Current rent is $2,350 with no increases in the past three years. The lease is currently month to month. The new owner can keep the tenant and move into the newly renovated front unit. Or give a 30 day notice to vacate the back unit and use the whole house. Or live in the back while renting the newly renovated front unit. If either unit was furnished, it would bring in significantly higher short term rental income. The current owner has rented this property fully occupied for the past 18 years with essentially no vacancy. The property is zoned single family and has one meter for electric, gas, and water. The current owner has included utilities with rent for ease. The front home is a classic Loring Heights bungalow and the back house has a great mountain cabin treehouse feel which was designed and built by the previous owner/architect. Most of the wood for the back unit doors, floors and molding is South Georgia cypress. The upper deck in the back has seasonal skyline views. A shared driveway has three off street parking spaces at the end, two of them are covered. Ideally located, this property offers incredible walkability to the Beltline, Tanyard Creek, Monday Night Brewing as well as neighborhood duck pond, playground & dog park. Minutes away from Bobby Jones/Bitsy Grant, Georgia Tech, SCAD, Atlantic Station, restaurants, shopping and I-75/85. The Myers Carpet building a block away is currently in the planning stage for a full adaptive reuse remodel into several retail and restaurant spaces.
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