902 Bolton Rd NW Atlanta GA 30331
12-Unit Multi-family in Northwest Atlanta CAP: 7.3%
2 Beds 1.5 Bath each 11 Rented, 6 Section 8 Current Rents: $8,092 Pro Forma Rents: $9,000
Market Value per Unit: $138k
Asking Price: 1.2 M + 3% Buyers Fee
12-unit apartment building in northwest Atlanta. Just one of the units is vacant and can be rented out with relatively minor repairs. Nearby schools include Towns Elementary School, Legacy Christian Academy and Imhotep Academy. The closest grocery store is Buy Low Supermarket. Nearby restaurants include Burger King, American Wings and Seafood and Iron Skillet Restaurant. 902 Bolton Rd NW is near Washington Park, J F Kennedy Park and Morehouse College.
Rental Analysis: Rents: $9,000 per month = $108,000 per year Insurance: $7,800 Taxes: $9,600 Property Mgmt: $10,800 Net Income: $79,800 CAP: 7.3%
Requires POF and $50,000 EM deposit