2065 Morehouse Drive NW

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.