Viewing Listing MLS# 7344909
Atlanta, GA 30318
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 1992Year Built
- 0.22Acres
- MLS# 7344909
- Multifamily
- Quadruplex
- Active
- Approx Time on Market2 months, 3 days
- AreaN/A
- CountyFulton - GA
- SubdivisionUpper Westside
Overview
Prime investment opportunity in Buckhead! What an incredible opportunity to own multi-family housing in the Buckhead market! Already bringing in over $80,000 per year. Each unit is 1100 square feet with an additional storageroom in the basement/carport area. The storage area is massive! Couldeasily convert to an office space if needed, but its currently excellentfor storage which is impossible to find with the larger apartmentcomplexes nearby. Out of the 4 units, one tenant has been in the propertyfor 4 years and another is coming up on their 4th year.Although the property brings in over $80,000/year, ifall 4 of the units were collecting ""market rate"", there is strong belief that the yearly income can get above$100,000 in the next 2-3 years.Please call anytime, and feel free to drive by, butdo not disturb the tenants! Fully occupied.
Association Fees / Info
Hoa: No
Community Features: Near Beltline, Near Schools, Near Shopping
Bathroom Info
Building Info
Habitable Residence: Yes
Number of Units Total: 4
Exterior Features
Fence: None
Pool Private: No
County: Fulton - GA
Acres: 0.22
Financial
Original Price: $1,400,000
Operating Expense: 5194
Owner Financing: Yes
Cap Rate: 6
Gross Income: 83,796
Garage / Parking
Parking Features: Attached, Carport, Parking Lot, Paved
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: None
Levels: Three Or More
Lot Info
Lot Size Source: Owner
Lot Features: Corner Lot, Level
Lot Size: 88x130x56x191
Misc
Property Attached: No
Home Warranty: Yes
Open House
Other
Property Info
Construction Materials: Brick Front, Cement Siding
Year Built: 1,992
Property Condition: Updated/Remodeled
Roof: Composition, Shingle
Property Type: Residential Income
Rental Info
Land Lease: Yes
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: None
Tax Info
Tax Amount Annual: 6808
Tax Year: 2,023
Tax Parcel Letter: 17-0186-LL-006-8
Unit Info
Utilities / Hvac
Cool System: Ceiling Fan(s), Central Air
Heating: Baseboard, Central, Electric
Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Sewer: Public Sewer
Waterfront / Water
Water Body Name: None
Water Source: Public
Waterfront Features: None
Directions
GPSListing Provided courtesy of Exp Realty, Llc.