3250 College Street

Description

Priced at $449,900, this duplex offers investors a leased, income-producing property in College Park. The property is currently occupied, generating $42,240 in annual gross income. The two units have distinct floor plans. Unit A is a 2-bedroom, 2-bath layout at 1,088 square feet, and Unit B is a 4-bedroom, 3-bath layout at 2,050 square feet, for 3,138 square feet of combined living space. Each unit is individually metered for electric and gas, so tenants cover their own utility costs. Built in 1990, the property is in solid condition, with a composition roof, double-pane windows throughout, central air conditioning, and central natural gas heat. A finished partial basement adds useful extra space. The 0.228-acre lot is wooded, offering privacy and shade, with a driveway for off-street parking and a deck in the private backyard. Grounds are maintained through a biweekly yard service. The property sits in a College Park submarket that has seen strong recent appreciation, close to shopping, dining, and Woodward Academy, and is within the Fulton County school district - a fit for a 1031 exchange, a first step into multifamily, or an addition to an existing portfolio.