85 Meldon Avenue SE

Description

This offering presents a prime opportunity to acquire a stabilized, income-producing residential investment property located in the rapidly revitalizing South Atlanta submarket. The asset consists of a 3-bedroom, 2-bath bungalow totaling approximately 1,232 square feet, situated on a corner lot with a large, level backyard and convenient off-street parking. Originally utilized as a short-term rental (Airbnb), the property has since transitioned into a long-term tenancy, providing consistent monthly income and reduced management intensity. The current lease ensures immediate cash flow upon acquisition, making this an ideal turnkey investment for both new and seasoned investors. The residence was built in 1920 and extensively updated to meet modern living standards while maintaining its classic architectural character. Interior improvements include refinished hardwood flooring, a fully updated kitchen with white cabinetry and stainless-steel appliances, upgraded bathrooms, and high ceilings throughout. The exterior features low-maintenance vinyl siding and a welcoming front porch that enhances curb appeal. Strategically positioned near Downtown Atlanta, Mercedes-Benz Stadium, Hartsfield-Jackson International Airport, and the Pittsburgh Yards redevelopment, the property benefits from strong rental demand and long-term appreciation potential within this rapidly improving corridor.