5 Unit rental machine. These 1 bed 1 bath apartments in the heart of Midtown are easy and rent fast and stay rented . Excellent opportunity to get in the investment market at a low price point. Located closed blocks from Piedmont Park, Shopping , Public Transportation, Restaurants and The Beltline all in this pedestrian friendly neighborhood! Owner is the selling agent
This property is $530.2K more than the Median Sold Price in Atlanta, GA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: First Multiple Listing Service
MLS Number: #7252992
Listing Office:
Office Name: Attorney Real Estate Associates, LLC
Listing Agent: Will Nazarowski
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,809
Per Month
Principal & Interest
$4,742
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,915
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Springdale Park Elementary School
1246 Ponce De Leon Ave NE
Distance between this listing and this school1.86 miles
Public District Grades KG-5
Middle School
6
/10
Inman Middle School
774 Virginia Ave NE
Distance between this listing and this school1.02 miles
Public District Grades 6-8
High School
7
/10
Henry W. Grady High School
929 Charles Allen Dr NE
Distance between this listing and this school0.46 miles
Public District Grades 9-12
Assigned Schools
8
/10
Springdale Park Elementary School
1246 Ponce De Leon Ave NE
Distance between this listing and this school1.86 miles
Public District Grades KG-5
Nearby Schools
5
/10
Centennial Academy
531 Luckie St NW
Distance between this listing and this school1.03 miles
Public District Grades KG-8
4
/10
Hope-Hill Elementary School
112 Boulevard NE
Distance between this listing and this school1.34 miles
Public District Grades KG-5
Assigned Schools
6
/10
Inman Middle School
774 Virginia Ave NE
Distance between this listing and this school1.02 miles
Public District Grades 6-8
Nearby Schools
4
/10
Martin Luther King Jr. Middle School
545 Hill St SE
Distance between this listing and this school2.55 miles
Public District Grades 6-8
5
/10
Kipp West Atlanta Young Scholars Academy
80 Joseph E Lowery Blvd NW
Distance between this listing and this school2.60 miles
Public Charter Grades 5-8
Assigned Schools
7
/10
Henry W. Grady High School
929 Charles Allen Dr NE
Distance between this listing and this school0.46 miles
Public District Grades 9-12
Nearby Schools
1
/10
Provost Academy Georgia
100 Edgewood Ave NE
Distance between this listing and this school1.54 miles
Public Charter Grades 9-12
5
/10
Maynard Holbrook Jackson High School
801 Glenwood Ave SE
Distance between this listing and this school2.73 miles
The neighbors living near this home have an average income of $71,273. Typical income of Atlanta, GA residents is between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 794 Penn Ave NE
What is the listing price of this property?
The listing price of 794 Penn Ave NE property is $950,000.
What type of property is this?
The property 794 Penn Ave NE is a house located in Atlanta, Georgia, 30308.
Is this property for sale now?
Active Listing: 794 Penn Ave NE is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 794 Penn Ave NE are: Springdale Park Elementary School: GreatSchools Rating 8/10Inman Middle School: GreatSchools Rating 6/10Henry W. Grady High School: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $5,591 (source: MLS/based on county public records data).
Which year was this property built?
The year of construction for 794 Penn Ave NE is 1958.
This home is located at 794 Penn Ave NE in Atlanta, GA and zip code 30308 in the Midtown neighborhood. This home, which was built in 1958, sits on a 0.14 acre lot. It has been listed on Rocket Homes since July 27, 2023 and is currently priced at $950,000.
In March 2024, from all listings sold in Atlanta, GA there were more than 287 sold above asking price, over 540 sold below and more than 263 were sold right at the asked price. The number of homes for sale in Atlanta, GA increased by 18% between February 2024 and March 2024. While the average time on the market in March 2024 was 37 days, the median list price was $419,716.
From Rocket Homes Real Estate and based on county public records data.