$320,000
$319,000
0.3%For more information regarding the value of a property, please contact us for a free consultation.
0.3 Acres Lot
SOLD DATE : 02/14/2023
Key Details
Sold Price $320,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Flat Shoals
MLS Listing ID 7158505
Sold Date 02/14/23
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1963
Annual Tax Amount $3,385
Tax Year 2022
Lot Size 0.300 Acres
Acres 0.3
Property Description
Are you looking for cash-flow? Stop what you are doing, because you’ve found what you’ve been seeking. Averaging over $5,600 in gross rents per month, this high-performance 12% cap turnkey rental generates over $67,000 per year. It blows away the "1% rule." This seasoned PadSplit coliving home occupies a prime location with ample parking and good proximity to public transit. This home is sold with a master lease to a corporate tenant with over 12 years of experience owning and operating assets like this. An experienced third-party property manager is also available, making this property ideal for any investor, no matter their capacity.
Location
State GA
County Dekalb
Lake Name None
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Window Features None
Exterior
Garage Carport
Fence Back Yard, Chain Link
Community Features Near Marta, Near Schools, Near Shopping, Park
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description None
View Other
Roof Type Shingle
Accessibility None
Handicap Access None
Parking Type Carport
Total Parking Spaces 1
Building
Lot Description Corner Lot
Story One and One Half
Sewer Public Sewer
Water Public
Level or Stories One and One Half
Structure Type Brick 4 Sides
New Construction No
Construction Status Resale
Schools
Elementary Schools Flat Shoals - Dekalb
Middle Schools Mcnair - Dekalb
High Schools Mcnair
Others
Senior Community no
Tax ID 15 119 09 006
Acceptable Financing Cash, Conventional, Owner Second, Other
Listing Terms Cash, Conventional, Owner Second, Other
Special Listing Condition None
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