2065 Morehouse Drive

Atlanta, GA 30314

Fully renovated income-producing duplex offering immediate cash flow and exceptional upside potential for investors or owner-occupants alike, with the option for one unit to be delivered vacant, making it ideal for an FHA buyer seeking to offset their mortgage with rental income. Situated in an ADU-friendly zoning area, this property presents a rare opportunity to further increase revenue with the addition of a spacious backyard accessory dwelling unit, with a seller-sourced prebuilt ADU option available at approximately $21,000 as a cost-effective alternative to traditional construction. The property is currently generating $2,850 per month in rental income, with Unit A leased through the Atlanta Housing Authority at $1,250 per month and Unit B generating $1,600 per month through a Georgia housing program, including tenant contribution. The backyard offers the potential to accommodate an approximately 380-square-foot one-bedroom, one-bath ADU, which could add an estimated $1,500 per month in additional income, bringing projected total monthly rents to approximately $4,350. A recent bank appraisal values the property at $348,000 as-is, with projected value approaching $435,000 upon completion of the ADU. Estimated total cost for ADU installation is approximately $36,500, including plumbing, electrical, permits, and plans. This is a rare opportunity to acquire a turnkey duplex with stable income, government-backed tenants, and clear value-add potential in a high-demand rental market.

Listing Courtesy Of: Rick Wiley of Coldwell Banker Realty Broker: 404-252-4908 Prefer Ph#:Rick@MyRealtorRick.com

Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request.



© 2017-2026 First Multiple Listing Service, Inc.