Fully renovated and fully leased!!!!!!!! Immediate cash flow.
Four unit apartment in Eastlake/ Decatur area (right half of 8-unit
building). All units are 2 bedroom and 1 bathroom. Right on MARTA bus line!
Full renovation in late ‘17 early ‘18 including the following improvements:
- New electric HVAC systems in all units
- New Roof
- New electric hot water heaters in all units
- New kitchen cabinets and counters in all units
- New/ refurbished kitchen appliances in all units
- Refinished hardwoods
- Fresh paint
- New double-pane windows throughout
- Bathrooms feature new vanities and toilets
- New LED lighting throughout
Unit 1 – 12 month lease through 2.2.19 @ $700/ month (pics)
Unit 2 – 12 month lease through 2.28.19 @ $700/ month (pics)
Unit 3 – 12 month lease through 2.28.19 @ $700/ month (pics)
Unit 4 – 12 month lease through 7.31.19 @ $600/ month (legacy tenant; same renovations as other units but no pics as it was occupied during renovation)
Building fully leased at below-market rates. Gross rent of $32,400 today. When lease renewals come up next year increase to market rates of $800-1000/unit. Rentometer 1-bedroom area average is $920/mo and 2-bedroom average is $1250/mo.
Appreciating area….act now!
Drive by only. Inside inspection during due diligence with accepted contract. Cash or hard money preferred.
Contact Jeff at 678-809-5588 or firstname.lastname@example.org for more information.