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2718 Miles Circle

East Point, GA 30344
  • $459,000
  • STATUS: Active
  • ON SITE: 45 Days
  • MLS #: 10100056
UPDATED: 12 min ago
$459,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

This triplex is located in a quickly growing part of East Point. Situated a few miles south of the Beltline, Wellstar East Point Health Center, and local schools. Conveniently next to a Chick-fil-a, Jefferson Park, & accessible Marta stops. This is a great opportunity to get into an area that has been on the rise! No showings until under contract - do not knock on door or walk around the property. Please do not approach or talk to tenant. Great deal to increase rents on this property as current rents are under the market rate! Currently a 5% cap rate. Upside potential of 7% cap rate - with the potential increase of $600/month. Each unit can go up an additional $200/month. Current tenants are on a month to month lease. Roof is 10-years old and each unit has its own electricity meter. Annual Rent Revenue; $33,600/yr Property tax: $3,600/yr water/sewer currently covered by landlord, $3000/yr R&M/ Lawn : $2,400/yr Net Income: $27,600/yr, increased rents could net $34,080

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Georgia MLS logo© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than The Heyl Group at Keller Williams are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or The Heyl Group at Keller Williams. Data last updated: 2022-11-26T11:04:46.953.
atlanta.heylrealestate.com/homes/133854516
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2718 Miles Circle East Point, GA 30344

  • Price: $459,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 12 min ago
  • MLS #: 10100056
0
Beds
0
Baths
0
½ Baths
0.33
Acres
1950
Built
Neighborhood:
River Park
County:
Fulton
Area:
FULTON
Elementary School:
Parklane
Middle School:
Paul D West
High School:
Tri Cities
Property Description
This triplex is located in a quickly growing part of East Point. Situated a few miles south of the Beltline, Wellstar East Point Health Center, and local schools. Conveniently next to a Chick-fil-a, Jefferson Park, & accessible Marta stops. This is a great opportunity to get into an area that has been on the rise! No showings until under contract - do not knock on door or walk around the property. Please do not approach or talk to tenant. Great deal to increase rents on this property as current rents are under the market rate! Currently a 5% cap rate. Upside potential of 7% cap rate - with the potential increase of $600/month. Each unit can go up an additional $200/month. Current tenants are on a month to month lease. Roof is 10-years old and each unit has its own electricity meter. Annual Rent Revenue; $33,600/yr Property tax: $3,600/yr water/sewer currently covered by landlord, $3000/yr R&M/ Lawn : $2,400/yr Net Income: $27,600/yr, increased rents could net $34,080
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Press Board Garage YN No Levels Two Lot Size Area 14374.8 Lot Size Source Public Records Lot Size Units Square Feet Parking Features Off Street

Interior Features

Above Grade Finished Area Units Square Feet Basement Finished BathDaylightExterior EntryFinishedFull Below Grade Finished Area Units Square Feet Building Area Units Square Feet Cooling Central Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating Natural Gas Heating YN Yes Living Area Units Square Feet

Property Features

Association Fee Includes None Association YN No Community Features None New Construction YN No Property Condition Resale Property Sub Type Multi Family Sewer Public Sewer Structure Type Triplex Tax Annual Amount 3600.82 Tax Year 2021 Utilities OtherSewer Connected Water Source Public

GAMLS logo Listing provided courtesy of Keller Williams Rlty First Atl: 404-531-5700. © 2022 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than The Heyl Group at Keller Williams are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or The Heyl Group at Keller Williams. Data last updated: 2022-11-26T11:04:46.953.
 
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