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$270,000

Sold
69 Country Place Ct, Alpharetta, GA 30005
2 Beds
0 Baths
938 Square Feet
0.00 Acres Lot
Built in 1980
Sold
1 Units
Checked: 16 hours ago
Updated: Jun 20, 2025 at 02:02AM

Investment Summary


Monthly Cash Flow
-$142
Cap Rate
5.5%
Cash-on-Cash Return
-2.7%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.3%

Property Description


0.00 Acres Lot
Built in 1980
Sold
1 Units

Welcome to this move-in ready and updated condo, located in a prime and sought-after area within walking distance to Avalon. The condo is conveniently situated close to Downtown Alpharetta, Ameris Bank Amphitheatre, North Point Mall, and an abundance of restaurants, shopping options, and parks. Commuting and travel are made easy with quick access to GA-400. The main level of this condo boasts beautiful hardwood floors throughout, creating a warm and inviting ambiance. As you enter, you'll find a cozy family room, perfect for relaxation and entertainment. Updated kitchen features new cabinets, granite counters, and stainless steel appliances, making meal preparation a pleasure. The dining room provides access to the rear patio which includes a locked storage closet, allowing you to enjoy outdoor living and green space. For added convenience, the condo includes a laundry area equipped with a washer and dryer. Upstairs, you'll find two spacious bedrooms that offer comfort and ample space for your needs. The bathroom on the upper level has been updated with tile floors and a new vanity, adding a modern touch to the space. The interior of the condo has received fresh paint, providing a clean and well-maintained environment. In 2020, new windows were installed, contributing to improved energy efficiency and aesthetics. Additionally, in 2022, the HVAC system was entirely replaced, ensuring a comfortable living experience throughout the year. This condo offers simplified and low-maintenance living, as the Homeowners' Association (HOA) dues cover exterior building maintenance, landscaping, community pool maintenance, and water/trash services. This condo offers a combination of comfort, modern updates, and an unbeatable location with easy access to various amenities. Whether you seek vibrant entertainment or peaceful relaxation, this condo has it all! Don't miss the opportunity to make it your new home!

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Location


Property Details


Parking

  • Description: None
  • Details: None
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 2
  • Basement Description: Crawl Space

Exterior Features

  • Exterior Walls Materials: Concrete
  • Foundation: Slab
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $300/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 12297108550697
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Brick Front, Traditional
  • Year Built: 1980

Tax Information

  • Annual Tax: $1,369

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Central
  • Cooling: Central Air

Location

  • County: Fulton

Listing Details


Listed by:
Kris McKeeth
Keller Williams Realty Partners
(678) 494-0644

Source:
Georgia MLS
MLS#: 10184772
Georgia MLS

Investment Summary


Monthly Cash Flow
-$142
Cap Rate
5.5%
Cash-on-Cash Return
-2.7%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.3%

Purchase Details

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Purchase price:
$270,000
Amount financed:
-$216,000
Down payment:
$54,000
Closing costs:
$8,100
Rehab costs:
$0
Initial cash invested:
$62,100
Square feet:
938
Cost per square foot:
$288
Monthly rent per square foot:
$2.13

Financing Details

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Loan amount:
$216,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,383
Property tax:
$114
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,637

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$114-$1,369
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (1%)
1%-$25-$300
Total operating expenses: (32%)
32%-$639-$7,669

Cash Flow


Monthly Yearly
Net operating income:
$1,241 $14,892
Mortgage payments:
-$1,383 -$16,596
Cash flow:
$142 $1,704