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  • 20
  • Georgia
Price £274,847
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Property Description

This is a great opportunity to acquire a quality terrace of properties located in Clarkston, Georgia approximately 17 miles to the east of Atlanta.

This is a 3 property package deal comprising two quadplexes and one duplex. 100% occupied and these tenants never want to leave as current rent is much lower the area average. A number of these tenants have been in residence for 15-20 years! Increase profits by raising rents: Rents currently at $610 but market rent for these size units in this area are $700 - $710.

Built in 1972, each property has 2 bedrooms and 1 bathroom and totals 900 square foot.

The Financials:

Sales Price: $430,000

Estimated Closing Costs: $8,600

Agency Fee (4%): $17,200

TOTAL CAPITAL REQUIRED: $455,800

ANNUAL RENTAL INCOME: $73,200

OUTGOINGS:

Property Taxes: $6,744

Insurance: $1,476

Garbage: $1,020

Management @7%: $5,124

TOTAL OUTGOINGS: $14,364

NET INCOME: $58,836

This represents a net yield of 13% with potential to increase further.

Please complete the Enquiry Form to receive detailed information.

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