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240 wellington ST SW Atlanta, GA 30314
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Key Details
Sold Price $420,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 4,550 sqft
Price per Sqft $92
Subdivision No Subdivision
MLS Listing ID 10629582
Style Victorian
Bedrooms 9
Full Baths 3
Year Built 1938
Annual Tax Amount $6,228
Tax Year 2024
Lot Size 0.300 Acres
Property Sub-Type Single Family Residence
Property Description
Calling All Investors! Located in the sought-after Historic Mozley Park neighborhood, this spacious 4,550 square foot 1938 home sits on a .30-acre lot and is bursting with potential. Currently configured with 9 bedrooms and 3 bathrooms, this property has operated as a successful rent-per-room investment for the past 16 years. Originally a triplex (last used as such in 2009), each unit featured 3 bedrooms and 1 bathroom-making this an ideal candidate for conversion back to a multi-family setup with the proper zoning variance. Though in the historic Mozley Park area, this property is NOT located in a historic preservation zone, giving buyers more flexibility for renovations and development. The neighborhood has seen significant upward growth over the past 3 years, with beautifully renovated homes appearing daily-and its close proximity to the Atlanta BeltLine only adds to the appeal and long-term value. Whether you're looking to restore it as a grand single-family home, reconfigure it as a profitable triplex, or continue its use as a high-yield rental, this is an opportunity you don't want to miss. Currently tenant-occupied, and ready for its next chapter with a little vision and TLC!
Location
State GA
County Fulton
Interior
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Carpet, Laminate
Laundry Other
Exterior
Parking Features None
Community Features None
Utilities Available Sewer Connected
View Y/N No
Roof Type Composition
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction No
Schools
Elementary Schools F L Stanton
Middle Schools J. L. Invictus Academy
High Schools Douglass
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Resale
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NEARBY SCHOOLS & BUSINESSES
- 7
Centennial Academy
Public | KG - 8
- 6
Beecher Hills Elementary School
Public | PK - 5
- 6
Kipp Strive Academy
Public | 5 - 8
- 5
Westside Atlanta Charter School
Public | KG - 2
- 5
Kindezi
Public | KG - 6
- 5
Kipp West Atlanta Young Scholars Academy
Public | 5 - 8
- 4
Peyton Forest Elementary School
Public | EE - 5
- 4
Cascade Elementary School
Public | PK - 5
- 4
Kipp Strive Primary School
Public | KG - 1
- 4
M. A. Jones Elementary School
Public | PK - 5
- 3
Dunbar Elementary School
Public | KG - 5
- 2
Frank Lebby Stanton Elementary School
Public | EE - 5
- 2
Finch Elementary School
Public | EE - 5
- 2
Gideons Elementary School
Public | PK - 5
- 1
William M. Boyd Elementary School
Public | PK - 5
- 0
Berean Christian Jr Academy
Private | KG - KG
- 0
Renaissance Montessori School
Private | PK - 5
- 0
Heavenly Institute of Learning
Private | 3 - 11
- 0
International Preparatory Institute
Private | PK - 4
- 0
Tuskegee Airmen Global Academy
Public | PK - 5
- 4
The Best Academy at Benjamin S. Carson
Public | 6 - 8
- 4
Sylvan Hills Middle School
Public | 6 - 8
- 4
Hollis Innovation Academy
Public | EE - 8
- 1
Brown Middle School
Public | 6 - 8
- 0
Coretta Scott King Young Women's Academy Middle School
Public | 6 - 8
- 0
Latin Academy Charter School
Public | 6 - 7
- 0
J. L. Invictus Academy
Public | 6 - 8
- 0
Bright Futures Academy
Private | 6 - 12
- 0
Kennedy Middle School
Public | 6 - 8
- 6
Kipp Atlanta Collegiate
Public | 9 - 11
- 3
Coretta Scott King Young Women's Academy High School
Public | 9 - 12
- 2
Frederick Douglass High School
Public | 9 - 12
- 1
Booker T. Washington High School
Public | 9 - 12
- 0
Greater Atlanta Adventist Academy
Private | 9 - 12
- 0
Booker T. Washington - Early College Small School
Public | 9 - 12
- 0
Booker T. Washington High School - Banking, Finance, and Investments
Public | 9 - 12
- 0
Booker T. Washington High School - Health, Science, and Nutrition
Public | 9 - 12
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