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Sold on 06/07/2016

531 Gresham Park Dr, Marietta, GA 30062

$461,000

Last sold 06/07/2016 for $185K

  • 8

    bed

  • 4

    bath

Multi-family not for sale
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About 531 Gresham Park Dr

Property type Multi-family
Neighborhood
Year built 1984
HOA fee $0/month
Lot size 0.46 Acre
Movoto estimate
Property description
3 building opportunity (1 owner)- 550 gresham park dr, 551 gresham park dr, and 531 gresham park dr. 14 total units-total gross income = $97,500/yr. 10% cap. Bring your 1031, investors, or hedge fund managers to take advantage of this investment opportunity. Low expenses & stable income. Great rental location! Values expected to soar due to proximity to new falcons and braves stadiums.
Listed by
Listing Agent - Jules Harper
Listing Office - KELLER WILLIAMS REALTY
Source: Georgia MLS mls logo
MLS#7556103 • last updated 10 years ago
Movoto checked Georgia MLS for data 9 minutes ago
Overview
Cooling/AC Other (See Remarks), Window Units
Heating Central, Electric
Levels/Style Multi - Level
Status Sold
MLS # 7556103
Type Multifamily
Lot Size (Acres) 0.46
Property Taxes 1539
Property Condition Resale
Year Built 1984
Interior
Basement Slab/None
Exterior
Construction Brick/Frame
Lot Dimensions UNDER 1/2 ACRE
Amenities / Utilities
Energy Saving Features None
HOA Fee Includes None
Location
Area COE2
Subdivision Gresham Park
County Cobb
Elementary School Powers Ferry
High School Wheeler
Middle School East Cobb
Directions 75-N TO EXIT 265 (GA-120/N MARIETTA PKWY). MAKE RIGHT ON ON N. MARIETTA PKWY. RIGHT ON WALLACE RD. LEFT ON GRESHAM RD. LEFT ON GRESHAM PARK DRIVE.
APN 16109700210
Multifamily Details
Unit 1: Rooms Living Room
Unit 3: Rooms Living Room
Unit 3: Lease Term Years
Unit 4: Rooms Living Room
Unit 2: Lease Term Years
Unit 4: Lease Term Years
Unit 3: Bedrooms 2
Unit 4: Bedrooms 2
Unit 2: Bedrooms 2
Unit 1: Lease Term Years
Unit 3: Monthly Rent 575
Unit 4: Monthly Rent 575
Unit 1: Monthly Rent 600
Unit 2: Monthly Rent 575
Unit 2: Rooms Living Room
Total # Units 4
Annual Gross Expense 8203
Expense: Maintenance 2400
Annual Insurance 1100
Expense: Water 2890
Annual Gross Income 27900
$461K
Range: $327K-$594K
Last 30 days 
  • Jul 2016
    mls logo MLS # 5621747
  • Jul 7, 2016 Sold
    $185,000
  • Nov 19, 2015 Listed
    $200,000
  • Jun 2016
    mls logo MLS # 7556103
  • Jun 13, 2016 Sold
    $185,000 (-7.5%)
  • Jun 13, 2016 Back On Market
    —
  • Jun 11, 2016 Expired
    —
  • Nov 19, 2015 Listed
    $200,000
  • Aug 2015
    mls logo MLS # 7424430
  • Aug 1, 2015 Expired
    —
  • Mar 17, 2015 Listed
    $199,900 (+14.2%)
  • May 2008
    Public Records
  • May 22, 2008 Sold
    $175,000 (+24.1%)
  • Oct 2005
    Public Records
  • Oct 11, 2005 Sold
    $141,000
  • Year Property taxes Tax assessment
  • 2024
    $4,274 +0.1%
    $141,760 -51.39%
  • 2023
    $4,269 +9.0%
    $291,600 +125.91%
  • 2022
    $3,918 +55.5%
    $129,080 +55.52%
  • 2021
    $2,519
    $83,000
  • 2020
    $2,519
    $83,000
  • 531 Gresham Park Dr
    $185K
  • Gresham Park
    $585K
  • 30062
    $595K +3% y/y
  • Marietta
    $500K -1% y/y
No chart available
Statistics calculated by Movoto

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5/10
Sedalia Park Elementary School
public Grades PK, K-5
Cobb County School District
5/10
East Cobb Middle School
public Grades 6-8
Cobb County School District
7/10
Wheeler High School
public Grades 9-12
Cobb County School District
Source: GreatSchools.org © 2026. All rights reserved.

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