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Key Details
Sold Price $335,000
Property Type Residential
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Subdivision Grove Park
MLS Listing ID 10137520
Style Brick 4 Side,Traditional
Bedrooms 8
Full Baths 2
Year Built 1966
Annual Tax Amount $1,165
Tax Year 2021
Lot Size 7,013 Sqft
Property Description
A high-performance turnkey income-producing property generating over $60,000 in rent annually ($5,000 per month). Are you trying to beat the 1% Rule? How about the 1.2% rule! A seasoned PadSplit, this 9.1% cap rate property occupies prime intown location in Grove Park. An outstanding location, 5-minute drive from Microsoft's planned massive 90-acre corporate campus at Quarry Yards, the Atlanta BeltLine, and steps away from public transportation. This home is sold with a master lease to a corporate tenant with over 12 years of experience owning and operating assets like this. An experienced third-party property manager is also available, making this property ideal for any investor, no matter their capacity. Seller willing to hold a second mortgage. Contact for details.
Location
State GA
County Fulton
Interior
Heating Natural Gas, Forced Air
Cooling Central Air
Flooring Hardwood, Vinyl
Laundry None
Exterior
Parking Features None
Community Features Sidewalks, Street Lights, Near Public Transport, Walk To Schools
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Y/N Yes
View City
Roof Type Composition
Building
Lot Description Other
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Woodson
Middle Schools Harper Archer
High Schools Douglass
Others
Special Listing Condition Resale
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