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2718 Miles Circle

East Point, GA 30344
  • $459,000
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: 7128522
UPDATED: 69 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. 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 - do not knock on door or walk around the property. Please do not approach or talk to tenant.

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First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2022 First Multiple Listing Service, Inc. Data last updated 2022-11-28T16:04:57.05. For issues regarding this website, please contact BoomTown.
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2718 Miles Circle East Point, GA 30344

  • Price: $459,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 69 min ago
  • MLS #: 7128522
0
Beds
0
Baths
0
½ Baths
0.33
Acres
1950
Built
Neighborhood:
River Park
County:
Fulton - Ga
Area:
Fulton - Ga
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. 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 - do not knock on door or walk around the property. Please do not approach or talk to tenant.
Exterior Features

Construction Materials Other Dock None Fencing Back Yard Land Lot 0125 Lot Features Other Number Of Parking Spaces 0 Open Parking YN Yes Parking Features Level Driveway Roof Type Composition Stories Two View City Waterfront Features None Window Features Insulated Windows

Interior Features

Cooling Central Air Flooring Hardwood Furnished Unfurnished Heating Natural Gas

Property Features

Accessibility Features None Community Features None Green Energy Efficient None Green Energy Generation None Lake Name None Lot Size Dimensions 0 Number Of Units Total 3 Occupant Type Tenant Owner Financing No Property Attached YN No Property Condition Resale School Bus Route Elementary No School Bus Route High No School Bus Route Middle No Security Features None Sewer Public Sewer Special Circumstances Investor OwnedSold As/Is Special Listing Conditions None Tax Year 2021 Taxes 3600 Type Triplex Utilities Electricity AvailableNatural Gas AvailableSewer AvailableWater Available Water Source Public Waterfront Footage 0

Listing provided courtesy of Keller Williams Rlty, First Atlanta: [IDXCONTACTINFORMATION].


First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2022 First Multiple Listing Service, Inc. Data last updated 2022-11-28T16:04:57.05. For issues regarding this website, please contact BoomTown.
 
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