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902 Bolton Rd NW Atlanta GA 30331

Updated: May 20


12-Unit Multi-family in Northwest Atlanta CAP: 7.3%

Off Market

12-units

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


Built 1960

2 Stories

Rock/Stone Exterior

Bankhead-Bolton neighborhood

Fulton County


Asking Price: 1.2 M + 3% Buyers Fee


Cash-Flowing

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


LOI AND POF Needed to move forward

1. SIGNED NDA 2. LETTER OF INTENT  3. POF (BANK OR FUND STATEMENT)....NO EXCEPTIONS!

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