2065 Morehouse Drive, Atlanta, GA 30314

Property Description

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 Status:

Active

Date Added:

March 24, 2026

Data Last Updated:

March 27, 2026 at 7:06AM

Listing Office:

Coldwell Banker Realty : 404-252-4908

Listing Agent:

Rick Wiley : 404-620-1400

MLS ID:

7740635

Interior

• Flooring: CarpetVinyl
• A/C: Central Air
• Heating: Central
• Disability Feature: None
• Eco/Green Feature: InsulationRoofThermostatNone

Exterior

• Parking: DrivewayLevel DrivewayParking spaces: 4

Construction

• Roofing: Composition
• Windows: Insulated Windows
• General: Brick 4 SidesVinyl SidingOne

Location

• Originating MLS: First Multiple Listing Service
• County: Fulton - GA

Lot

• Zoning: 014 017400070038
• View: City
• Fencing: Chain Link

Utilities

• Utilities: Electricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableUnderground UtilitiesWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: First Multiple Listing Service