213 Barton Avenue, Albany, GA
11.03% return
SP:
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Property Description

Rental Portolifo in Georgia!! 

Package of 2 single family homes. No major deferred maintenace needed. Low expenses, easy to maintain. Great for a first time investor! Can generate over $14,220/year and a11%+ NET RETURN on investment!! 

Property management and financing available!

Property Information

  • Listing statusActive
  • Property typeSingle Family (2 properties)
  • Total bedrooms5
  • Total bathrooms2
  • Building size1948 sq. ft.
  • Lot size0.5 acres
  • Year built1954 - 1960
  • CountyDougherty County
  • Subdivision
  • ConstructionFrame
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Sale price $79,900
  • Estimated rehab 1 $0
  • Total investment $79,900
  • Type Proforma
  • Gross income (annually) $14,220
  • Operating expenses (annually) $5,406
  • Net income (annually) $8,814
  • Gross return 17.80%
  • Gross income (monthly) $1,185
  • Operating expenses (monthly) $451
  • Net income (monthly) $735
  • Net return 11.03%

Property Income & Expenses

  • Income
  • 1708 West Lincoln Avenue
  • 3 bed / 1 bath $635/month $7,620/year
  • 213 Barton Avenue
  • 2 bed / 1 bath $550/month $6,600/year
  • Total $1,185/month $14,220/year
  • Expenses
  • Property Taxes $94/month $1,122/year
  • Maintenance reserve $75/month $900/year
  • Property Management $182/month $2,184/year
  • Insurance (estimated) $100/month $1,200/year
  • Total $451/month $5,406/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.

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