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Property Description

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.

Features
: Natural Gas
: Central Air
: City
: Level Driveway
: Unfurnished
Address Map
US
GA
Fulton - GA
East Point
Miles
2718
Circle
30344
0
W85° 34' 36.2''
N33° 40' 51.1''
MLS Addon
: Other
River Park
: Two
2718 Miles Circle
: Hardwood
: Composition
: Other
PARKSM
KWFA01
Parker Smith
Keller Williams Rlty, First Atlanta
: Electricity Available, Water Available, Natural Gas Available, Sewer Available
Parklane
Tri-Cities
Paul D. West
: Public Sewer
3499
2022
GPS

Residential Income For Sale

2718 Miles Circle, East Point, Georgia

0 Bedrooms
0 Bathrooms
0 Sqft
$429,000
Listing ID #7209943
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 7209943
Price : $429,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1950
Status : Active
Days On Market : 63