982 N Highland Avenue NE Atlanta, GA 30306
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
Rare purchasing opportunity - Well maintained, fully leased, turnkey multi-family property in 'Golden Goose' location, in the heart of Virginia Highlands. • Fully legal triplex - Built in 1914, fully renovated in 2001. • Seller has not had one day of vacancy in any unit nor one late rent payment in its six years ownership. • Seller, during its ownership, has removed multiple older trees that threatened the property and made several capital improvements - there is currently no deferred maintenance of any sort due to the property. • Leases coming up for renewal in October / November; rents can easily be increased by $250 to $325 per month. A $3k increase in annual revenue adjusts the cap rate to 5.8% and a $4k increase in annual revenue adjusts the cap rate to 5.9%. • Please do not disturb tenants - no showings until after under contract for inspection / due diligence. • Please email listing agent for additional details. No showings until binding PSA and EM deposit have been received.
|yesterday||Listing updated with changes from the MLS|
|2 weeks ago||Price changed to $939,000|
|3 weeks ago||Status changed to Active|
|3 weeks ago||Status changed to Pending|
|4 weeks ago||Listing first seen online|