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$1,825,000
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$5,936 |
1999 |
On the market:
293 days
|
View full details, 15 photos, school info, and price history
Outstanding Investment Opportunity – 12-Unit Multifamily
Key Highlights:
• 100% occupancy – all units leased at $1,150/month, with increases to $1,250/month in late
2025.
• NOI: $128,000
• Cap Rate: 7%
• Management Fee: 5%
• Fully renovated in 2024 – new roof, HVAC, interiors, and exterior improvements.
• Lot size: 0.9 acres – room for laundry facility or self-storage units.
• Tenants pay electricity and gas; owner pays water (~$500/month).
• All units have washer/dryer hookups and individual metering.
Financial Summary:
Scenario
Current
Gross Income
$165,600
Pro Forma -$180,000
NOI $155,000
Value @ 7% Cap-$2.214,286
• Immediate strong cash flow with current NOI of $128K.
• Built-in appreciation of ~$385K from scheduled rent increases.
• Low maintenance risk due to complete recent renovation.
• Additional income potential from lot development.
Listing courtesy of Lou Wieland, Keller Williams North Atlanta