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4 UNITS 2BR/2BA EACH AT CHATHAM SQUARE
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Property Description |
GROSS RENT: $41,300 ANNUALLY
TAXES: $3,404 (2007)
All units individually metered so tenants pay for utilities.
Desirable 2BR/2BA floor plans with upside in rents.
Average Occupancy for rental property in the area is over 90%.
Currently 100% occupied providing a dependable income stream from day 1 of ownership.
Another positive for a new owner is that this property is eligible for residential financing, requiring only a 10% downpayment as opposed to 20% for traditional commercial loans, making it a great opportunity for a first time investor or an excellent addition to an existing real estate portfolio.
Close proximity to Fair Oaks Park, Southern Polytechnic University and Dobbins Air Force Base. |
| Contact person: |
Roger Daniels |
| Seller Type: |
PrivateOwner |
| Phone: |
770-953-0806 |
| Email: |
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| Web Link: |
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| Listing Status: |
For Sale |
| Property Type: |
Fourplex |
| Price($): |
398000 |
| Street Address: |
Powder Springs Street |
| City: |
MARIETTA |
| Region: |
Georgia |
| ZIP/Postal Code: |
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| Bedrooms: |
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| Bathrooms: |
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| Stories: |
2 |
| Square Feet: |
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| Lot Size: |
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| Year Built: |
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| Owner Finance: |
No |
| Cap Rate: |
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| Net Operating Income: |
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| Price Per Square Foot: |
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Additional Feature: |
Fireplace |
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