Atlanta Real Estate Search

Residential Income Property for Sale Tucker Georgia at $411,000

Listing ID6813273
Sold For$406,500
Sold Date1/26/2021
Year Built1959
Property TypeResidential Income
Property Sub TypeSingle Family Residence
Fantastic Opportunity for an investor, owner occupier, or single family primary residence! At 100% occupancy, this property is currently producing a CAP RATE of 9.6%!!! Conveniently located within walking distance of the restaurants and shops of historical downtown Tucker, this re-modeled classic mid-century home is located in a quiet neighborhood on a beautiful .7 acre lot surrounded by mature trees. Currently leased for $2,700/month, the main house measures 2,595 SQFT and consists of 4BR/3BA as well as a finished basement, which includes 1B/1BA and a fireplace. Since it has an exterior entry, the basement can also be used as an in-law suite or future separate apartment which could be rented out. The home also has a separate, two car detached garage with a 1BR/1BA apartment located above it which is currently be rented out for $1,450/month. Total annual gross revenue for this property is approximately $49,800. NOI is $39,431. See attached Offering Memorandum for financials and other information. Time to make hay while the sun shines!!!
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Contact - Listing ID 6813273

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Anthony Acosta

4401 Northside Parkway NW, Suite 250
Atlanta, GA 30327
Phone Alt: (404) 240-2796
Fax: (404) 497-5942
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