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Investment Property For Sale By Owner
12 Leased Detached Single Family Home Portfolio, Atlanta
1093 Oakland Drive, Atlanta, Georgia 30310 United States
Description
a local investment fund with a portfolio of single-family properties that they are looking to divest. All properties have been subject to ground-up renovations; all units are leased and are all located in the zip code of 30310, Southwest Atlanta.
This portfolio of single-family homes are in the Oakland City and West End Communities of Atlanta, Georgia. Close to half of the portfolio’s residents are participants of the Atlanta Housing Voucher Program or Georgia Housing Voucher Program.
As stated, every property has undergone renovation with the last 4 years. Eighty percent of the properties have all new mechanics: HVAC systems, electrical, plumbing, and water heaters. The investment fund has provided all major appliances, including washer and dryers.
Portfolio Details
Portfolio type: Single-Family Homes
Listing Price: $870,000
Number of Properties: 12
Average Rent: $792.50
Cap Rate: 11.14%
Occupancy: 100%
Expenses: 15%
Gross Scheduled Income Monthly: $9,505
Gross Scheduled Income Annually: $114,060
NOI: $96,951
The earnest money required will be $5,000.
Price: | $870,000 |
Property Sub-Type: | Investment Property |
Cap Rate: | 11.14 % |
Gross Rent Multplier: | 7.63 |
Occupancy: | 100 % |
Listing ID: | 3763 |
Map of: 1093 Oakland Drive, Atlanta, Georgia 30310 United States