$1,945,000
$2,050,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
0.34 Acres Lot
SOLD DATE : 04/07/2021
Key Details
Sold Price $1,945,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6820279
Sold Date 04/07/21
Originating Board FMLS API
Year Built 1973
Annual Tax Amount $1,157
Tax Year 2019
Lot Size 0.337 Acres
Property Description
Opportunity to acquire a portfolio of 21 fully-leased, single family homes and townhouse units with stable income and strong upside in South Atlanta. The properties all lie within Clayton County within the cities of Jonesboro, Riverdale, Hampton and Morrow. Located minutes from Hartsfield-Jackson Atlanta International Airport and conveniently located just off Interstate 75, minutes from Downtown Atlanta.
All of the units are 2 or 3 bedroom single family homes and townhomes. Tenants pay for all utilities and landscape maintenance.
Please do not disturb tenants. 100% Occupancy
7.1% existing cap rate
Under-market rents with upside potential
Strong rental demand
Mix of 2 and 3 bedroom single family homes and townhomes
Separate meters and systems - tenants pay all utilities
Tenants maintain landscaping
Growing area in south Atlanta
Please do not visit site without an appointment.
Please do not disturb management or tenants.
Location
State GA
County Clayton
Interior
Heating Central
Cooling Central Air
Exterior
Garage Driveway
Fence Back Yard
Community Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Waterfront Description None
View City
Roof Type Shingle
Building
Lot Description Sloped
Story One
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Brown - Clayton
Middle Schools Mundys Mill
High Schools Mundys Mill
Others
Senior Community no
Special Listing Condition None
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Bought with Bull Realty, Inc.
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Broker | License ID: 303073
youragentkesha@legacysouthreg.com
240 Corporate Center Dr, Ste F, Stockbridge, GA, 30281, United States