Well maintained investment property in Virginia Highland! Prime location near Beltline and Ponce City Market. 1 story, 4-sided brick building with six, 1 BR/1BA, 440 SF units. 5 units are currently rented and 1 is vacant and advertised on the rental market. Updated gross monthly income is $7090/month when all units are occupied Projected gross monthly income when 3 current lease terms have been renewed at current market rate is $7240. Reliable tenants, no late payers. Every unit has its own washer/dryer and is heated and cooled by an electric, hotel style wall unit. Each apartment is metered separately for gas and power and accounts are in tenants' names and paid by tenants. One water meter for the building and tenants pay a flat monthly water fee on top of rent. Seller recently replaced water line and sewer main from meter to building and repaired concrete walkways. Showings of occupied units will only be scheduled during due diligence after an offer is accepted. Apartment 4 is vacant and can be shown by appointment. Please do not disturb tenants.
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Last Updated:Â . Source: GAMLS
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Listing Agent: Branagan Dunn (#DUNNBRANAGAN)
Listing Office: Realty Associates of Atlanta (#RAOA01)
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