Updated almost 10 years ago on .
CASH BUYERS NEEDED
I need cash buyers for this property located in Stone Mountain Georgia I can be reach at 678-478-8513 or [email protected]
27% Cash on Cash-24 Unit "Class B" Apartment
Sontne Mountain GA
Apartment complex purchase comprising of 6 Quads buildings totaling 24 units. This B-Class property is located in an B-Class neighborhood surrounded by single family, properties apartment complex this property are currently 100% leased and cash flow.
Four of the building need roof maintenance . These buildings are attractively designed and present much lower maintenance costs do to the brick construction. Rents are significantly under market with the potential to increase rents immediately by a minimum of 5% and as much as 7%.
Re-positioning will create an asset that provides both cash flow and positive equity growth.
Located in Stone Mountain. The rent in this area is between $600 to $ 700 boasts a strong rental market a good School District boasts a high school graduation rate . Stone mountain is an attractive suburb of Georgia. The City continues to attract new residence and maintain a high median household income relative to the Greater Georgia City Area
This property is located close to transportation and businesses and about 10 Minutes to Stone Mountain park
FINANTIAL
RENT: 100 %
NET INCOME: . 108,102.12 A YEAR
CASH FLOW: 60,750.33 A YEAR