757 Monroe Drive, Atlanta, GA 30308

$1,225,000

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List Price
$1,225,000
Status
ACTIVE
Days on Market
13
MLS#
7855343
Subtype
Residential Income
Year Built
1920
Subdivision
Midtown
Neighborhood
Midtown

Property Description

**A Rare Midtown Opportunity | Historic Character, Income Potential & Compound Possibilities** A truly distinctive opportunity to own an entire 1930s condominium-converted quadplex in one of Midtown Atlanta's most desirable and walkable locations. Across all four condos, there is nearly 3,900 square feet of combined living space, plus extensive exterior patio and deck areas. Just blocks from Piedmont Park and Ponce City Market, this exceptional property places the best of in-town living at your doorstep, with convenient access to Trader Joe's, Whole Foods, Starbucks, local schools and Midtown's celebrated historic energy and amenities. All four residences are currently happily leased, offering immediate rental income and flexibility for the next owner. Whether held as an income-producing investment or explored for a potential conversion into a single-family residence, the property presents a compelling opportunity for investors, subject to applicable zoning, permitting, and feasibility requirements. Significant capital improvements include HardiePlank siding replaced in 2021, freshly painted foyer with custom lighting, a new roof installed in mid-2022 and new HVAC systems in two of the four units. Four private, off-street parking spaces behind the building add valuable convenience in this sought-after urban setting. There is also multiple, covered outdoor patio areas in the front and rear of the building for the residences to enjoy as well. The property's setting is equally appealing, with an adjacent school parking lot providing an unusually open feel and additional separation from neighboring residences. Adding to the opportunity, the neighboring duplex is also available for purchase. Acquiring both properties could create a rare chance to establish a private residential compound encompassing an entire corner, offering expanded ownership and greater flexibility. Whether you envision a distinctive investment portfolio, a multi-property residential retreat, or a long-term redevelopment opportunity, this is a rare chance to secure a substantial foothold in one of Atlanta's most established and sought-after urban neighborhoods!

Additional Information

Taxes
$17,500
Flooring
Hardwood, Vinyl
Heating
Central
Air Conditioning
Central Air
Exterior Construction
HardiPlank Type
Stories
Two
Levels
Two
Roof
Composition
Parking
Parking Lot, See Remarks
Elementary School
Springdale Park
Middle School
David T Howard
High School
Midtown
View
City

Listing courtesy of Atlanta Fine Homes Sotheby's International

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