Viewing Listing MLS# 7128776
East Point, GA 30344
- 5Beds
- 3Full Baths
- N/AHalf Baths
- N/A SqFt
- 1950Year Built
- 0.33Acres
- MLS# 7128776
- Residential
- Single Family Residence
- Active
- Approx Time on Market1 year, 7 months, 20 days
- AreaN/A
- CountyFulton - GA
- SubdivisionRiver Park
Overview
This triplex is located in a quickly growing part of East Point. Situated a few miles south of the Beltline, Wellstar East Point Health Center, and local schools. Conveniently next to a Chick-fil-a, Jefferson Park, & accessible Marta stops. This is a great opportunity to get into an area that has been on the rise! No showings until under contract. Great deal to increase rents on this property as current rents are under the market rate! Currently a 5% cap rate. Upside potential of 7% cap rate - with the potential increase of $600/month. Each unit can go up an additional $200/month. Current tenants are on a month to month lease. Roof is 10-years old and each unit has its own electricity meter. Annual Rent Revenue; $33,600/yr Property tax: $3,600/yr water/sewer currently covered by landlord, $3000/yr R&M/ Lawn : $2,400/yr Net Income: $27,600/yr, increased rents could net $34,080 - do not knock on door or walk around the property. Please do not approach or talk to tenant.
Association Fees / Info
Hoa: No
Community Features: None
Bathroom Info
Main Bathroom Level: 2
Total Baths: 3.00
Fullbaths: 3
Room Bedroom Features: Roommate Floor Plan
Bedroom Info
Beds: 5
Building Info
Habitable Residence: Yes
Business Info
Equipment: None
Exterior Features
Fence: Back Yard
Patio and Porch: None
Exterior Features: None
Road Surface Type: Asphalt
Pool Private: No
County: Fulton - GA
Acres: 0.33
Pool Desc: None
Fees / Restrictions
Financial
Original Price: $499,000
Owner Financing: Yes
Garage / Parking
Parking Features: Level Driveway, On Street
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: None
Fireplace Features: None
Levels: Two
Appliances: Dryer, Refrigerator, Washer
Laundry Features: Other
Interior Features: High Ceilings 9 ft Lower, High Ceilings 9 ft Main
Flooring: Hardwood
Spa Features: None
Lot Info
Lot Size Source: Other
Lot Features: Corner Lot
Misc
Property Attached: No
Home Warranty: Yes
Open House
Other
Other Structures: None
Property Info
Construction Materials: Other
Year Built: 1,950
Property Condition: Resale
Roof: Composition
Property Type: Residential Detached
Style: Traditional
Rental Info
Land Lease: Yes
Room Info
Kitchen Features: None
Room Master Bathroom Features: None
Room Dining Room Features: None
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: Sold As/Is
Sqft Info
Building Area Source: Not Available
Tax Info
Tax Amount Annual: 3600
Tax Year: 2,021
Tax Parcel Letter: 14-0125-0003-021-4
Unit Info
Utilities / Hvac
Cool System: Central Air
Electric: 110 Volts, 220 Volts
Heating: Natural Gas
Utilities: 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 Keller Williams Rlty, First Atlanta