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Key Details
Sold Price $299,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision East Point
MLS Listing ID 6805789
Sold Date 01/25/21
Construction Status Resale
HOA Y/N No
Originating Board FMLS API
Year Built 1930
Annual Tax Amount $1,884
Tax Year 2020
Lot Size 0.254 Acres
Acres 0.254
Property Description
Solid all brick, fully rented 3 Unit income producing w/ true Gross Rental Yield of $27,600 & 9.23%, 7.40% Cap Rate & $22,136 of NOI. Future value-add potential. Unit A+B are 1/1's in main house. Unit C is Studio over garage. Corner lot. Covered front porch. Shared laundry room. New water line, electric meters, laundry plumbing. New HVAC & sewer Unit C. Roof replaced 2013. 3 blocks from Main Street, restaurants, MARTA. Close to Airport/City/Tyler Perry Studios. Rents quick when vacant. Water not separately metered included in rents. Current Unit C rent includes power. Interior tours only after contract. DO NOT DISTURB TENANTS.
Location
State GA
County Fulton
Area 31 - Fulton South
Lake Name None
Interior
Heating Central
Cooling Central Air
Window Features None
Exterior
Parking Features None
Fence None
Community Features None
Utilities Available None
Waterfront Description None
View City
Roof Type Composition
Accessibility None
Handicap Access None
Building
Lot Description Corner Lot
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick 4 Sides
New Construction No
Construction Status Resale
Schools
Elementary Schools Hamilton E. Holmes
Middle Schools Paul D. West
High Schools Tri-Cities
Others
Senior Community no
Tax ID 14 015700060212
Special Listing Condition None
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Bought with Keller Williams Rlty, First Atlanta