Viewing Listing MLS# 7360603
Atlanta, GA 30307
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 1950Year Built
- 0.40Acres
- MLS# 7360603
- Multifamily
- Other
- Pending
- Approx Time on Market1 month, 1 day
- AreaN/A
- CountyDekalb - GA
- SubdivisionNa
Overview
Amazing Investor/student housing Opportunity, right by Emory Universitys campus. This is a 6-unit Multi-Family building (9 beds total) with upscale interior and exterior renovation and 100% leased apartment complex. The building features three 1 bed/1 baths and three 2 bed/1 baths. Property was meticulously renovated in 2021. All units feature new kitchens with SS appliances and granite countertops and each unit has its own stackable Washer/Dryers in the kitchen, all new HVACs, new roof, new windows, renovated Bathrooms, new paint and hardwood flooring. Building has a parking lot that accommodates 11 cars. All units separately metered for Gas and Power. Great short term rental opportunities, student housing, or Airbnb potential. Walking steps from Emory University, you cannot beat this location!
Association Fees / Info
Hoa: No
Community Features: Near Schools, Near Shopping, Near Trails/Greenway, Sidewalks, Street Lights
Bathroom Info
Building Info
Habitable Residence: Yes
Number of Units Total: 6
Exterior Features
Fence: None
Pool Private: No
County: Dekalb - GA
Acres: 0.40
Financial
Original Price: $1,500,000
Operating Expense: 23541
Net Operating Income: 89,438
Owner Financing: Yes
Cap Rate: 6
Gross Income: 11,298
Garage / Parking
Parking Features: Parking Lot, Paved
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: Carbon Monoxide Detector(s)
Levels: Three Or More
Lot Info
Lot Size Source: Other
Lot Features: Flood Plain, Sloped
Misc
Property Attached: No
Home Warranty: Yes
Open House
Other
Property Info
Construction Materials: Brick 4 Sides
Year Built: 1,950
Property Condition: Updated/Remodeled
Roof: Composition
Property Type: Residential Income
Rental Info
Land Lease: Yes
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: Sold As/Is
Tax Info
Tax Amount Annual: 12800
Tax Year: 2,023
Tax Parcel Letter: 18-053-02-012
Unit Info
Utilities / Hvac
Cool System: Ceiling Fan(s), Central Air
Heating: Central
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
Use Google MapsListing Provided courtesy of Oak Grove Advisors Inc