East Point, GA 30344,2718 Miles CIR
East Point, GA 30344,2718 Miles CIR
East Point, GA 30344,2718 Miles CIR
East Point, GA 30344,2718 Miles CIR
East Point, GA 30344,2718 Miles CIR
East Point, GA 30344,2718 Miles CIR
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$320,000

$429,000

25.4%
Est.Price: ?

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Est. payment /mo

0.33 Acres Lot


SOLD DATE : 11/21/2023

Key Details

Sold Price $320,000

Property Type Multi-Family

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Subdivision River Park

MLS Listing ID 7209943

Sold Date 11/21/23

Construction Status Resale

HOA Y/N No

Originating Board First Multiple Listing Service

Year Built 1950

Annual Tax Amount $3,499

Tax Year 2022

Lot Size 0.330 Acres

Acres 0.33

Property Description

Rentals are in high demand and this triplex is located in a quickly growing part of East Point. Situated a few miles south of the Beltline, Wellstar East Point Health Center, and local schools. Conveniently next to a Chick-fil-a, Jefferson Park, & accessible Marta stops. This is a great opportunity to get into an area that has been on the rise! Several brand new upgrades to the property including a brand new roof and hardy plank siding. New paint on ext. and new gutter/downspouts. Interior upgrades include new shower plumbing and floor joists. Great deal to increase rents on this property as current rents are under the market rate! Upside potential of 7% cap rate - with the potential increase of $600/month. Each unit can go up an additional $200+/month. Current tenants are on a month to month lease and each unit has its own electricity meter. Annual Rent Revenue; $33,600/yr Property tax: $3,600/yr water/sewer currently covered by landlord, $3000/yr R&M/ Lawn : $2,400/yr Net Income: $27,600/yr, increased rents could net $34,080.

Location

State GA

County Fulton

Lake Name None

Interior

Heating Natural Gas

Cooling Central Air

Flooring Hardwood

Window Features Insulated Windows

Exterior

Parking Features Level Driveway

Fence Back Yard

Community Features None

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

Waterfront Description None

View City

Roof Type Composition

Accessibility None

Handicap Access None

Private Pool false

Building

Lot Description Other

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Other

New Construction No

Construction Status Resale

Schools

Elementary Schools Parklane

Middle Schools Paul D. West

High Schools Tri-Cities

Others

Senior Community no

Tax ID 14 012500030214

Special Listing Condition None

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First Multiple Listing Service(FMLS)
Listed by Keller Williams Rlty, First Atlanta
Bought with Compass
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