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Key Details
Sold Price $335,000
Property Type Single Family Home
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Grove Park
MLS Listing ID 7158986
Year Built 1966
Annual Tax Amount $1,165
Tax Year 2021
Lot Size 7,000 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 Forced Air, Natural Gas
Cooling Central Air
Flooring Hardwood, Vinyl
Exterior
Parking Features None
Fence None
Community Features Near Marta, Near Schools, Public Transportation, Sidewalks, Street Lights
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description None
View City
Roof Type Composition, Shingle
Building
Lot Description Other
Story Two
Sewer Public Sewer
Water Public
Structure Type Brick 4 Sides
New Construction No
Schools
Elementary Schools Woodson Park Academy
Middle Schools John Lewis Invictus Academy/Harper-Archer
High Schools Frederick Douglass
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, Owner Second, Other
Listing Terms 1031 Exchange, Cash, Conventional, Owner Second, Other
Special Listing Condition None
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