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    982 N Highland Avenue NE

    Atlanta, GA 30306
    • $939,000
    • STATUS: Active
    • ON SITE: 29 days
    • MLS #: 6771969
    Price Reduced
    $939,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1914
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Rare purchasing opportunity - Well maintained, fully leased, turnkey multi-family property in 'Golden Goose' location, in the heart of Virginia Highlands.• Fully legal triplex - Built in 1914, fully renovated in 2001.• Seller has not had one day of vacancy in any unit nor one late rent payment in its six years ownership. • Seller, during its ownership, has removed multiple older trees that threatened the property and made several capital improvements - there is currently no deferred maintenance of any sort due to the property. • Leases coming up for renewal in October / November; rents can easily be increased by $250 to $325 per month. A $3k increase in annual revenue adjusts the cap rate to 5.8% and a $4k increase in annual revenue adjusts the cap rate to 5.9%. • Please do not disturb tenants - no showings until after under contract for inspection / due diligence.• Please email listing agent for additional details. No showings until binding PSA and EM deposit have been received.

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    Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2020 First Multiple Listing Service, Inc. Data last updated 2020-09-24T00:03:42.98. For issues regarding this website, please contact BoomTown.
    www.csraaugustahomes.com/homes/109357408
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    982 N Highland Avenue NE Atlanta, GA 30306

    • Price: $939,000
    • Status: Active
    • MLS #: 6771969
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1914
    Built
    Neighborhood:
    Virgina Highland
    County:
    Fulton
    Area:
    21 - Atlanta North
    Elementary School:
    Morningside-
    Middle School:
    David T Howard
    High School:
    Grady
    Property Description
    Rare purchasing opportunity - Well maintained, fully leased, turnkey multi-family property in 'Golden Goose' location, in the heart of Virginia Highlands.• Fully legal triplex - Built in 1914, fully renovated in 2001.• Seller has not had one day of vacancy in any unit nor one late rent payment in its six years ownership. • Seller, during its ownership, has removed multiple older trees that threatened the property and made several capital improvements - there is currently no deferred maintenance of any sort due to the property. • Leases coming up for renewal in October / November; rents can easily be increased by $250 to $325 per month. A $3k increase in annual revenue adjusts the cap rate to 5.8% and a $4k increase in annual revenue adjusts the cap rate to 5.9%. • Please do not disturb tenants - no showings until after under contract for inspection / due diligence.• Please email listing agent for additional details. No showings until binding PSA and EM deposit have been received.
    Exterior Features

    Construction Materials BlockFrameOther Dock None Fencing Back Yard Lot Features Sloped Number Of Parking Spaces 2 Parking Features DrivewayVaries By Unit Roof Type Composition Stories Multi/Split View CityOther Waterfront Features None

    Interior Features

    Cooling Central Air Heating Central

    Property Features

    Accessibility Features None Community Features Near ShoppingParkRestaurantSidewalksStreet Lights Green Energy Efficient None Lake Name None Lot Size Dimensions 48 X 127 Owner Financing No Property Condition Resale Security Features None Sewer Public Sewer Special Circumstances Investor Owned Special Listing Conditions None Tax Year 2019 Taxes 9612.00 Type Triplex Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Water Source Public Waterfront Footage 0

    Listing provided courtesy of Keller Wms Re Atl Midtown.


    Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2020 First Multiple Listing Service, Inc. Data last updated 2020-09-24T00:03:42.98. For issues regarding this website, please contact BoomTown.
     
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    Tonda Booker Real Estate Sales | Keller Williams Realty
    3633 Wheeler Road
    Augusta GA, 30909