Off-Market Performing Portfolio in Georgia- 15 Properties

[Linda King]

New leases in place for all 15 homes and a great overall return. Great chance to pickup a performing portfolio of rental houses just 30 miles south of Atlanta in Griffin, Spalding County.  This is a package price only, no cherry picking allowed. Note, all new 12 month leases in place!  

The numbers:
$315,000 Cash Price Reduced to $306,900K

Rents = $6800 x 12 = $81,600 annual gross income
Insurance = $300 x 15 = $4500 annual
Taxes = $8162 actual
Property Mgmt = 8% or $544 or $6528/yr.
Annual Rental Income = $62,410 or 21% ROI

117 Lexington Ave Griffin 2/1 740' $350/mth

455 Hammond Dr. Griffin 2/1 840' $475/mth 457.5 Hammond Dr. Griffin 2/1 816' $600/mth

526 Searcy Ave. Griffin 2/1 1024' $200/mth

Currently rented as storage

811 Westbrook St. Griffin 2/1 816' $500/mth 851 Westbrook St Griffin 2/1 884' $225/mth
106 Lexington Ave. Griffin 3/1 880' $450/mth 111 Quincy Ave. Griffin 3/1 984' $500/mth

115 Kentucky Ave Griffin 3/1 984' $450/mth

1222 Ellis Rd Griffin 3/1 984' $600/mth
457 Hammond Dr. Griffin 3/1 1008' $575/mth 854 Scales St. Griffin 3/1 984' $425/mth 141 Amberwood Ln. Griffin 3/2 1162' $600/mth 145 Amberwood Ln. Griffin 3/2 1146' $643/mth 785 Mangham Rd Griffin 2/1 743' $250/mth

Includes mobile home along with 3 acres!

DISCLAIMER: We are placing this property in the Marketplace for a contact of ours who holds the contract on this property and all serious inquiries will be introduced directly! There are NO fees associated with our assistance to Buyers/Investors!

Please respond to our email address for more information or call…

Linda King, Owner

Legacy Asset Solutions

[email protected]

407-340-2319 cell EDT