Hammond Park Homes with Unfinished Basement Type

Welcome to Hammond Park, a charming subdivision nestled in the heart of Atlanta, Georgia. This vibrant community is a hidden gem within Fulton County, offering a perfect blend of suburban tranquility and urban convenience. With its tree-lined streets and friendly atmosphere, Hammond Park is ideal for families, professionals, and anyone seeking a welcoming neighborhood.

One of the standout features of homes in Hammond Park is the availability of properties with unfinished basements. These versatile spaces provide an incredible opportunity for homeowners to customize their living areas to suit their unique needs. Whether you envision a cozy family room, a home gym, or an expansive storage area, the unfinished basements in Hammond Park allow for endless possibilities. Imagine transforming that blank canvas into your dream space, a place where you can unleash your creativity and make lasting memories.

In addition to spacious homes with unfinished basements, Hammond Park boasts proximity to excellent schools, parks, and recreational facilities. Residents enjoy easy access to Atlanta's bustling downtown, where a plethora of dining, shopping, and entertainment options await. The community is also well-connected by major highways, making commuting a breeze.

Experience the charm of Hammond Park, where you can enjoy the best of both worlds: a peaceful suburban lifestyle with the excitement of city living just a stone's throw away. Discover your dream home today and unlock the potential of an unfinished basement in this delightful Atlanta neighborhood!

Newest Hammond Park Homes with Unfinished Basement Type

$325,000

10742219 MLS

Grandfathered duplex-style property offering exceptional income-producing potential in a prime Atlanta location, ideal for both investors and owner-occupants seeking immediate cash flow with future upside. This fully renovated asset is currently generating $3,200 per month, with Unit A configured as a 2-bedroom, 1-bath residence leased at $1,850 per month to a qualified long-term tenant with a strong payment history, and Unit B with a new qualified tenant which moved in on April 1at a rate of $1,350 per month. The property is equipped with two separate gas meters and offers significant value-add opportunity through the unfinished basement, which is well-suited for conversion into a third unit, potentially a studio or 2-bedroom, 1-bath apartment, with an estimated renovation cost of approximately $35,000 per the seller's contractor bid. Upon completion, projected gross rental income could reach approximately $5,150 per month across three units. Additional features include ample storage space and a versatile basement area ideal for a home gym, workshop, or expanded living space. With a certified appraised value of $325,000, this property presents a compelling opportunity for house hacking, including FHA or FHA 203(k) financing, allowing an owner-occupant to live in one unit while leveraging rental income from the others to offset mortgage expenses, all within close proximity to Atlanta's key amenities, employment hubs, and growth corridors.

2794 7th Street SW, Atlanta

Listing courtesy of Coldwell Banker Realty.

Start Your Search