2718 Miles Circle, East Point, GA 30344
- $320,000
- 5
- BD
- 3
- BA
- Sold Price
- $320,000
- List Price
- $429,000
- Days on Market
- 30
- Closing Date
- Nov 21, 2023
- MLS#
- 10205004
- Year Built
- 1950
- Bedrooms
- 5
- Bathrooms
- 3
- Lot Size
- 14,374
- Acres
- 0.33
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.
Additional Information
- Property Description
- Traditional
- Interior Features
- High Ceilings, Roommate Plan
- Appliances
- Dryer, Refrigerator, Washer
- Utilities
- Electricity Available, Natural Gas Available, Sewer Available, Water Available
- Heating
- Natural Gas
- Air Conditioning
- Central Air
- Elementary School
- Parklane
- High School
- Tri Cities
Listing courtesy of Keller Williams Realty First Atlanta. Contact:
Listing Courtesy Of Keller Williams Realty First Atlanta, Contact:
Selling Office: .
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