133 Arcadia Circle NW

Description

Two units. Separate utilities. Multiple rental strategies. And approximately $3,499 in monthly rental income potential. This is the kind of duplex where the investment story does not require much explaining. 133 Arcadia Circle offers two renovated residences under one roof with a combined 3 bedrooms and 3 bathrooms. The larger upstairs unit is a 2 bedroom, 2 bathroom residence previously generating $1,999 per month, while the downstairs 1 bedroom, 1 bathroom unit previously generated $1,500 per month. Each unit has separately metered utilities, its own HVAC, tankless water heater, kitchen, laundry and private living space, giving an investor the separation that makes a true duplex easier to operate. Better still, this property has already proven it can wear more than one hat. It has historically been used for long term tenants, short term rental and as an owner occupied property with the second residence producing income. Continue the current rental strategy, explore a furnished rental model, or keep the owner occupant house hack option in your back pocket for future resale. The property can also be sold fully furnished. This is not your standard rental property inside. Hardwood flooring salvaged from the bleachers of an old high school gives the interiors genuine character, while custom concrete countertops, reclaimed wood details, tile work and thoughtfully designed kitchens distinguish the units from typical investor grade renovations. The upstairs residence offers a generous living room and eat in kitchen, two bedrooms, two full bathrooms, dedicated laundry and a large rear deck. Downstairs, the 1 bedroom residence uses an open living, dining and kitchen layout to maximize its footprint, along with a full kitchen, laundry, walk in shower and private side patio. The property was renovated approximately six years ago, and the major systems help make the ownership proposition even stronger. The roof, both HVAC systems and tankless water heaters are all approximately six years old, offering a lower maintenance alternative to buying an older duplex with decades of deferred capital expenses waiting in the wings. Location adds another layer to the investment. The property sits just a couple of blocks from the Atlanta BeltLine Westside Trail and within approximately two miles of Mercedes Benz Stadium and Downtown Atlanta, placing tenants close to some of the city's biggest employment, entertainment and recreation destinations. Income today. Flexibility tomorrow. And enough personality that this duplex does not feel like every other rental property on the spreadsheet.