All Forum Posts by: Rand Dostman

15 Acres near Griffin + Home.  House needs some work.  New kitchen/bathrooms/flooring.  5 acres of fenced pasture for livestock.  Set back from the road with a gated fence.  New $20k gravel driveway with drainage.  New water line from Well to house.  Sceptic recently serviced.

Has a large inground, gated swimming pool which also needs to fixups.

Barn, outbuildings, stables for horses

580 Hardy Lane

Listed:  $329k

ARV: $475k-$500k

MLS 10586737

Owner is retiring!   Company has 4 residential houses with multiple units that are currently 80% rented with long term renters.  Turnkey with an optional professional property manager so your effort is minimal.

They are all located near each other near the ATL airport.  They are all in great shape with no known issues.  Multiple ring cameras in common spaces and outside.  Floodlights outside for security.  Fully furnished.  Each house has a mother in law walkout suite if the buyer wants to live in a suite and rent the rest of the house.  All rentable areas are above grade.  No basements suites.  

Only interested in a package deal for all 4 houses.  

House #1-37:  6BR/3BA  1975 sqft

House #2-64:  7BR/4BA  2430 sqft

House #3-65:  6BR/3BA  2040 sqft

House #4-30:  6BR/5BA  2900 sqft

Revenue (12 month rolling):  $193,102 (verifiable)

Expenses:   

Insurance (4 properties):           $4,400

Property Tax (4 properties):   $14,868

Cleaning:                                      $5,000

Utilities:                                     $25,185

Cash or Conventional financing only.  Asking $1.4M for all 4 properties.  Includes all furniture/appliances/household items and tools on properties.

Only serious, qualified buyers can make arrangements to see the properties.  Also, we are not disclosing the locations in this public forum, in order to respect the privacy of the tenants.

Leave your email address or PM me, and I'll send you a more detailed writeup with photos.