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240 Wellington Street

Atlanta, GA 30314

The Rains Team
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404-620-4571
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Dalton Carter
Lender
Lic. 1566538
Office:
Direct: 678-425-4140
AP Mortgage
340 Jesse Jewell Parkway
Suite 500A
Gainesville, GA 30501
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For Sale
MLS Number 10629582
9 Bedrooms
3 Bathrooms
0 Half Baths
4,550 Square Feet *estimated
Summary of 240 Wellington Street
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!
This 9-bed, 3-bath residence in Atlanta offers the flexibility of a non HOA setting while still providing comfortable everyday living. With 4,550 square feet of finished living space, this floor plan offers generous gathering spaces as well as comfortable private retreats. The kitchen functions as the heart of the home with ample counter space, storage, and a natural connection to the main living areas. A central family room and dining area provide a welcoming place to unwind, gather, and enjoy time together. Step outside to approximately 0.3 acres, creating a comfortable setting for outdoor living and weekend gatherings. Practical parking available makes everyday living easier for households with multiple vehicles. Set outside of a formal subdivision, this address in Atlanta offers a more independent feel with no mandatory HOA. With approximately 52 days on the market, this home is well positioned for the next owner. At $457,647, this home is well positioned for buyers seeking value in Atlanta.
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240 Wellington Street - Map & Directions
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Facts & features
School District Information
High School
Middle School
Elementary School
Additional Information about
None
Association
No
Additional Information about
240 Wellington Street
County
Neighborhood
Year Built
1938
Appliances
Electric Water Heater
Microwave
Refrigerator
Architectural Style
Victorian
Foundation
Crawl Space
Construction Materials
Block
Concrete
Cooling
Ceiling Fan(s)
Central Air
Electric
Flooring
Carpet
Laminate
Heating
Central
Electric
Home Warranty
No
Interior Features
Rear Stairs
Levels
Two
Financing Available
1031 Exchange
Cash
Conventional
Patio and Porch Features
Porch
Selling Status
Resale
Roof
Composition
Rooms
Foyer
Laundry
Security Features
Smoke Detector(s)
Sewer Type
Public Sewer
Total Finished Area
4,550
Utilities
Sewer Connected
Water Source
Public
Land Information
Lot Size
Less than .5 Acres
Lot Features
Corner Lot
Lot Size Estimated
0.3
Garages and Parking Information
Tax Information
Taxes
$6,228
Tax Year
2024
Tax ID Number
14 014100090952
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listed by real estate agent and purser realty