UPDATED:
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7487102
Construction Status Resale
HOA Y/N No
Year Built 1999
Annual Tax Amount $5,936
Tax Year 2023
Lot Size 0.790 Acres
Acres 0.79
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
Key Highlights:
• 100% occupancy – all units leased at $1,150/month, with increases to $1,250/month in late
2025.
• NOI: $128,000
• Cap Rate: 7%
• Management Fee: 5%
• Fully renovated in 2024 – new roof, HVAC, interiors, and exterior improvements.
• Lot size: 0.9 acres – room for laundry facility or self-storage units.
• Tenants pay electricity and gas; owner pays water (~$500/month).
• All units have washer/dryer hookups and individual metering.
Financial Summary:
Scenario
Current
Gross Income
$165,600
Pro Forma -$180,000
NOI $155,000
Value @ 7% Cap-$2.214,286
• Immediate strong cash flow with current NOI of $128K.
• Built-in appreciation of ~$385K from scheduled rent increases.
• Low maintenance risk due to complete recent renovation.
• Additional income potential from lot development.
Location
State GA
County Whitfield
Area None
Lake Name None
Interior
Heating Baseboard
Cooling Central Air
Flooring Laminate
Window Features None
Exterior
Parking Features Parking Lot
Fence None
Community Features None
Utilities Available None
Waterfront Description None
View Y/N Yes
View Other
Roof Type Composition
Accessibility None
Handicap Access None
Total Parking Spaces 9
Private Pool false
Building
Lot Description Level
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Vinyl Siding
Construction Status Resale
Schools
Elementary Schools Whitfield - Other
Middle Schools Whitfield - Other
High Schools Whitfield - Other
Others
Senior Community no
Tax ID 1223916008
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
GET MORE INFORMATION
QUICK SEARCH
- Homes for Sale in Powder Springs
- Homes for Sale in Acworth
- Homes for Sale in Ball Ground
- Homes for Sale in Buford
- Homes for Sale in Chamblee
- Homes for Sale in Cumming
- Homes for Sale in Douglas
- Homes for Sale in Ellijay
- Homes for Sale in Forest Park
- Homes for Sale in Holly Springs
- Homes for Sale in Lithia Springs
- Homes for Sale in Mcdonough
- Homes for Sale in Riverdale
- Homes for Sale in Sharpsburg
- Homes for Sale in Suwanee
- Homes for Sale in Union City
- Homes for Sale in Woodstock