2718 Miles Circle Includes:
Remarks: Rentals are in high demand and 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!Several brand new upgrades to the property including a brand new roof and hardy plank siding. New paint on ext. and new gutter/downspouts. Interior upgrades include new shower plumbing and floor joists. Great deal to increase rents on this property as current rents are under the market 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 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. Directions: GPS |
| Bedrooms | 5 |
| Baths | 3 |
| Year Built | 1950 |
| Acres | 0.3300 |
| Property Type | East Point Single Family |
| MLS# | 7209939 |
| Listing Status | Active Under Contract |
| Listed By | Keller Williams Rlty, First Atlanta |
| Listing Price | $439,000 |
| Schools: | |
| Elem School | Parklane |
| Middle School | Paul D West |
| High School | Tri - Cities |
| Bedrooms | 5 |
| Baths | 3 |
| Year Built | 1950 |
| Acres | 0.3300 |
| Property Type | East Point Single Family |
| MLS# | 7209939 |
| Listing Status | Active Under Contract |
| Listed By | Keller Williams Rlty, First Atlanta |
| Listing Price | $439,000 |
| Schools: | |
| Elem School | Parklane |
| Middle School | Paul D West |
| High School | Tri - Cities |
2718 Miles Circle Includes:
Remarks: Rentals are in high demand and 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!Several brand new upgrades to the property including a brand new roof and hardy plank siding. New paint on ext. and new gutter/downspouts. Interior upgrades include new shower plumbing and floor joists. Great deal to increase rents on this property as current rents are under the market 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 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. Directions: GPS |
| Additional Photos: | |||
Listing Provided Courtesy of: Keller Williams Rlty, First Atlanta.
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Last Updated: 04-27-2024