$220,000
$239,000
7.9%For more information regarding the value of a property, please contact us for a free consultation.
0.33 Acres Lot
SOLD DATE : 04/16/2019
Key Details
Sold Price $220,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Lakewood Heights
MLS Listing ID 6103974
Sold Date 04/16/19
Originating Board FMLS API
Year Built 1930
Annual Tax Amount $4,041
Tax Year 2017
Lot Size 0.330 Acres
Property Description
**EQUITY + CASH FLOW** Perfect investor Purchase...Value Add Opportunity with over 15% ROI. Current appraised value at $255k. Market Rent at full occupancy is $3500. Units 1 & 2 are vacant and only need little work to be section 8 ready. Unit three is rented for $650 a month. Unit four has been rented for $500 to the same tenant since 2013. Currently brining in $1150 a month from units 3 & 4. Neighbor house has been purchased and the rehabbed with start soon. The area is up and coming with strong projections for growth in the next year.
Location
State GA
County Fulton
Interior
Heating Other
Cooling Other
Exterior
Garage Varies by Unit
Fence None
Community Features Public Transportation, Sidewalks, Street Lights
Utilities Available None
Roof Type Composition
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Slater
Middle Schools Price
High Schools Carver - Fulton
Others
Senior Community no
Special Listing Condition None
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Bought with Knight & Drews, LLC.
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CEO | DRE# SA695240000 | DRE# 02100184