Homes Abroad the UK's leading guide to Holiday Homes Abroad

  • 3
  • Georgia
Price £30,681
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Property Description

JUST REDUCED BY $5,000 TO SECURE QUICK SALE.

3489 Garfield Way SE, Atlanta, GA 30354 is a fantastic opportunity to acquire a quality buy to let property located in the popular South River Gardens district of Atlanta just a short distance from Southside Park which at 211 acres is the largest park in the City of Atlanta. Southside Park is almost entirely undeveloped forest. The facilities include a baseball diamond, concession stand and parking lot.

This beautiful turnkey property was built in 1967 and was recently refurbished to a high standard. The works included rewiring, replumbing, new heating heating system, new carpets throughout and redecoration. The kitchen appliances are included.

The 3 bedroom, 2 bathroom property totals 1,204 square feet on a lot of 9,605 square feet.

The property is already let on a renewable 12 month lease ensuring and excellent income from day one and is managed by a reputable local management company.

To see a selection of photos enabling you to appreciate the quality of the property, please copy and paste this link: http://s1287.photobucket.com/user/joshua4012/media/Garfield/IMG_3982_zpsd5706bb14_zps2785c3e3.jpg.html?sort=6&o=0

This property represents fantastic value for money and is priced to sell now so please contact us as soon as possible if you are interested.

KEY FIGURES:

Purchase Price: $48,000

Closing Costs: $700 (estimated)

Agency Fee: $1,500

TOTAL OUTLAY: $50,200

RENTAL INCOME: $9,600

OUTGOINGS:

Property Taxes: $540

Insurance: $400

Management: $960

TOTAL OUTGOINGS: $1,900

NET INCOME: $7,700

THE NET YIELD IS THEREFORE A FANTASTIC 15.34%.

Please contact us for further details or reserve this property.

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