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    982 N Highland Ave

    Atlanta, GA 30306
    • $939,000
    • STATUS: Active
    • ON SITE: 25 days
    • MLS #: 8845340
    Price Reduced
    UPDATED: 60 min ago
    $939,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1914
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Rare purchasing opportunity - Well maintained, fully leased, turnkey multi-family property in 'Golden Goose' location, in the heart of Virginia Highlands. 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 $300 per month. A $3k increase in annual revenue adjusts the cap rate to 5.8%. Please do not disturb tenants - no showings until after under contract for inspection / due diligence.

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    © 2020 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than EXP Georgia are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or EXP Georgia. Data last updated: 2020-09-20T12:50:49.6.
    www.southatlantaliving.com/homes/109348733
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    982 N Highland Ave Atlanta, GA 30306

    • Price: $939,000
    • Status: Active
    • Updated: 60 min ago
    • MLS #: 8845340
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1914
    Built
    Neighborhood:
    Virginia Highland
    County:
    Fulton
    Area:
    ATLANTA
    Elementary School:
    Morningside
    Middle School:
    Inman
    High School:
    Grady
    Property Description
    Rare purchasing opportunity - Well maintained, fully leased, turnkey multi-family property in 'Golden Goose' location, in the heart of Virginia Highlands. 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 $300 per month. A $3k increase in annual revenue adjusts the cap rate to 5.8%. Please do not disturb tenants - no showings until after under contract for inspection / due diligence.
    Exterior Features

    Construction Other (See Remarks) Lot Dimensions 48 X 127

    Interior Features

    Bathrooms Full Unit1 2 Bathrooms Full Unit2 1 Bathrooms Full Unit4 1 Bedrooms Unit1 3 Bedrooms Unit2 1 Bedrooms Unit3 2 Cooling Source Electric Cooling Type Central Heating Source Gas Heating Type Central Stories Multi - Level Total Fireplaces 2 Total Units 3

    Property Features

    Acreage Source Public Record Amenities SidewalksWalk To Shopping Annual Gross Expense 12449 Annual Gross Income 65100 Construction Status Resale Date Of Possession At Closing Monthly Rent Unit1 2725 Monthly Rent Unit2 1000 Monthly Rent Unit3 1700 Multi Type Triplex Property Class Multifamily Quadrant Ne Sale Or Rent For Sale Tax Year 2019 Taxes 9493 Water Sewer Public WaterSewer Connected

    Listing provided courtesy of Keller Williams Atl. Midtown. © 2020 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


    © 2020 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than EXP Georgia are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or EXP Georgia. Data last updated: 2020-09-20T12:50:49.6.
     
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    EXP Georgia
    103 Westpark Dr, Suite A
    Peachtree City GA, 30269