5 House Rental Portfolio Sold

  • $250,000
Sold

Immediate Cash Flow & Easy Management – Jonesboro GA 30236

How would you like to have your rental portfolio all on the SAME STREET!  Talk about making management easier.   Now is your chance to pick up 5 houses all right together.  Four are literally in a row and the 5th is just down the road.  Four have tenants and the fifth is vacant getting finished with cosmetic rehab.  Four are 3 bedroom / 1 bath and the fifth is a 2/1 with a bonus room you could make into a 3rd bedroom.

The houses on Village Dr have window AC units and floor-mounted gas heaters.  971 W Village Dr has central HVAC.   1050/1060/1070/1072 Village Dr all have new roofs within the past 5 years.  Other than the freshly renovated #1050, assume varying degrees of cosmetic rehab are needed but they are structurally sound.  All properties are on septic.  Tank at #1070 recently pumped.

We will entertain offers for individual properties, but strongly favor a cash purchase of all five at once.

BONUS:  There is a sixth property, a vacant buildable lot beside #1072 (Parcel ID: 13208C D016), which comes with the purchase of all 5 at no extra cost.

Drive by and make an offer.  We’ll give an opportunity for interior access during a short due diligence period.

 

Address Sq Ft Beds/Baths Price Picture Links
1050 Village Dr (vacant) 1308 3/1  $      54,000 Pictures
1060 Village Dr 1120 3/1  $      49,000 Pictures
1070 Village Dr 1015 3/1  $      49,000 Pictures
1072 Village Dr 900 2/1  $      49,000 Pictures
971 W Village Dr 1120 3/1  $      49,000 Pictures

 

Each occupied house is currently rented for $550/mo, significantly under market.  Zillow’s rent estimate is $950.  Rentometer says $900.

 

Jump on this great opportunity to expand your portfolio now!

 

Drive by to see outside.  Please do no disturb tenants.  Interior access with accepted offer.

Call/text/email Jeff for more information at 678-809-5588 or jeffd@jmhventures.com.

 

As always, any potential buyer who speaks to the current property owner regarding this property will be removed permanently from our buyers list.

 

Price:
$250,000
Address:
Jonesboro, GA 30236
Terms:
For Sale
Property Type:
Home

Call (678) 809-5588 for more details