233 Sunset Nw Avenue, Atlanta, GA 30314

Property Description

OWN A PIECE OF ATLANTA HISTORY | CASH OR 2.99% FIXED OWNER FINANCING!** Rare opportunity to restore and reimagine a circa-1890 home on historic Sunset Avenue in Vine City, **directly across from the King Family Home** and near the Martin Luther King Jr. National Historical Park. With Atlanta skyline views, historic character, flexible financing and significant renovation potential, this property offers an exciting opportunity for an owner-occupant, investor or preservation-minded buyer. Currently configured as a 2-bedroom/3 bath, approximately 1,582-SF two-story home, the property offers much more potential than its current configuration suggests. Buyers may wish to explore renovation into a 4-bedroom/3-bath home, including the potential for a second kitchen in the basement. A detached garage may also offer ADU conversion potential, creating additional possibilities for guest space, multigenerational living, a home office or future income-producing use. All reconfiguration, basement, second-kitchen and ADU possibilities are subject to buyer verification, zoning, permitting, historic-preservation requirements and governmental approvals. Imagine restoring the historic character of the home while creating a modern interior, maximizing the additional space and enjoying a beautiful view of the Atlanta skyline from a property directly across from one of Atlanta's most significant historic residences. Existing tenants currently generate approximately $1,100/month combined, providing existing income for a buyer considering an investment or future repositioning strategy. Property is being sold AS-IS. Known major-system information includes roof replacement 2014, HVAC 2005, and water heater approximately 2020. **HISTORIC REHABILITATION & OWNER-OCCUPANT INCENTIVE POTENTIAL: Because of the property's age and location, buyers may wish to investigate available historic rehabilitation and preservation programs. Potential incentives may include applicable Georgia historic rehabilitation income-tax credits, federal historic rehabilitation tax credits for qualifying income-producing historic properties and Georgia preferential property-tax assessment programs. **Owner-occupants may also have the opportunity to pursue a renovation grant program offering up to approximately $60,000 toward qualifying renovations**, subject to program availability, property eligibility, buyer qualification, approved scope of work and all applicable requirements. Historic designation, grant availability and program eligibility are being verified. **No grant, tax credit, reimbursement, ADU approval or other incentive is represented or guaranteed. Buyers should independently verify all programs, qualifications and requirements before relying upon an incentive or beginning rehabilitation.** **TWO WAYS TO BUY:** Seller will consider: $185,000 CASH, proof of funds required, OR $185,000 WITH OWNER FINANCING AT 2.99% FIXED INTEREST AND A 7-YEAR BALLOON, with down payment and final financing structure negotiable. For a qualified buyer, the2.99% owner-financing option may provide an opportunity to preserve additional cash for renovations rather than committing substantially more capital to the acquisition. An eligible owner-occupant may also investigate whether available renovation-assistance programs can be combined with the proposed acquisition structure. Whether your vision is to create a distinctive historic residence, accommodate multigenerational living, renovate and resell, or build a long-term investment, 233 Sunset Avenue offers history, skyline views, flexible financing and multiple potential paths to create value in the heart of Atlanta.