$320,000
$429,000
25.4%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3 Baths
0.33 Acres Lot
SOLD DATE : 11/21/2023
Key Details
Sold Price $320,000
Property Type Other Types
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Subdivision River Park
MLS Listing ID 10205004
Sold Date 11/21/23
Style Traditional
Bedrooms 5
Full Baths 3
HOA Y/N No
Originating Board Georgia MLS 2
Year Built 1950
Annual Tax Amount $3,499
Tax Year 2022
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 14374.8
Property Description
Rentals are in high demand and this triplex is located in a quickly growing part of East Point. Situated a few miles south of the Beltline, Wellstar East Point Health Center, and local schools. Conveniently next to a Chick-fil-a, Jefferson Park, & accessible Marta stops. This is a great opportunity to get into an area that has been on the rise! Several brand new upgrades to the property including a brand new roof and hardy plank siding. New paint on ext. and new gutter/downspouts. Interior upgrades include new shower plumbing and floor joists. Great deal to increase rents on this property as current rents are under the market rate! Upside potential of 7% cap rate - with the potential increase of $600/month. Each unit can go up an additional $200+/month. Current tenants are on a month to month lease and each unit has its own electricity meter. Annual Rent Revenue; $33,600/yr Property tax: $3,600/yr water/sewer currently covered by landlord, $3000/yr R&M/ Lawn : $2,400/yr Net Income: $27,600/yr, increased rents could net $34,080.
Location
State GA
County Fulton
Rooms
Basement Finished Bath, Exterior Entry, Finished, Full
Interior
Interior Features High Ceilings, Roommate Plan
Heating Natural Gas
Cooling Central Air
Flooring Hardwood
Fireplace No
Appliance Dryer, Refrigerator, Washer
Laundry Other
Exterior
Parking Features Off Street
Fence Back Yard
Community Features None
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description No Dock Or Boathouse
View Y/N Yes
View City
Roof Type Composition
Garage No
Private Pool No
Building
Lot Description Corner Lot
Faces GPS
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Other
New Construction No
Schools
Elementary Schools Parklane
Middle Schools Paul D West
High Schools Tri Cities
Others
HOA Fee Include None
Tax ID 14 012500030214
Special Listing Condition Resale
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400 Galleria Pkwy SE, Atlanta, GA, 30339, United States