*** ********* ***, ********, GA
14.85% return
SP:
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Property Description

Cheap Investment Property! 4 duplexes, 8 units total. 2bed/1bath in each unit. Buildings are CBS and have brand new metal roofs. Property needs TLC and will rent for atleast $400 per unit. 150k+ people in the MSA. One of the major cities in the Georgia. Low expenses, easy to manage. Great value add opportunity. Do not miss out.

Property Information

  • Listing statusSold
  • Property typeMulti Family
  • Total units8
  • Total bedrooms16
  • Total bathrooms8
  • Building size6156 sq. ft.
  • Lot size0.9 acres
  • Year built1962
  • County******** County
  • Subdivision********** *********
  • ConstructionCBS
  • RoofMetal
  • Water sourceCity water
  • Water disposalSewer
  • HeatingWindow Unit
  • CoolingWindow A/C

Property Financial Summary

  • Sale price$140,000
  • Estimated rehab1$40,000
  • Total investment$180,000
  • TypeProforma
  • After repair value$220,000
  • Potential profit$40,000
  • Gross income (annually)$38,400
  • Operating expenses (annually)$11,675
  • Net income (annually)$26,725
  • Gross return21.33%
  • Gross income (monthly)$3,200
  • Operating expenses (monthly)$973
  • Net income (monthly)$2,227
  • Net return14.85%

Property Income & Expenses

  • Income
  • Building 1
  • Unit 1: 2 bed / 1 bath$400/month$4,800/year
  • Unit 2: 2 bed / 1 bath$400/month$4,800/year
  • Building 2
  • Unit 3: 2 bed / 1 bath$400/month$4,800/year
  • Unit 4: 2 bed / 1 bath$400/month$4,800/year
  • Building 3
  • Unit 5: 2 bed / 1 bath$400/month$4,800/year
  • Unit 6: 2 bed / 1 bath$400/month$4,800/year
  • Building 4
  • Unit 7: 2 bed / 1 bath$400/month$4,800/year
  • Unit 8: 2 bed / 1 bath$400/month$4,800/year
  • Total$3,200/month$38,400/year
  • Expenses
  • Property Taxes$143/month$1,715/year
  • Insurance (estimated)$417/month$5,000/year
  • Maintenance reserve$333/month$4,000/year
  • Lawn care$80/month$960/year
  • Total$973/month$11,675/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

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