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View of apartment building / complex featuring uncovered parking

View of a document

View of exterior entry

Kitchen featuring white appliances, gray cabinets, light countertops, and dark wood-style floors

Kitchen featuring white appliances, gray cabinets, light countertops, and dark wood-type flooring

Bathroom featuring vanity and dark wood finished floors

Map of property location with property boundaries highlighted

View of apartment building / complex with stairs and uncovered parking

View of stairs

View of deck

View of apartment building / complex with stairway

View of property exterior featuring covered porch

View of porch

Deck featuring a residential view

View of apartment building / complex with stairway and uncovered parking

View of side of property

View of property with uncovered parking and stairway

View of side of property featuring uncovered parking, a yard, and stairs

View of property exterior featuring a lawn and a patio area

Rear view of property with stairway, a lawn, and a porch

Rear view of house with a yard, a balcony, and uncovered parking

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Description

Outstanding Investment Opportunity - 12-Unit Multifamily Key Highlights: 100% occupancy - all units leased at $1,150/month, with increases to $1,250/month in late 2025. NOI: $128,000 Cap Rate: 7% Management Fee: 5% Fully renovated in 2024 - new roof,HVAC, interiors, and exterior improvements. Lot size: 0.9 acres - room for laundry facility or self-storage units. Tenants pay electricity and gas; owner pays water (~$500/month). All units have washer/dryer hookups and individual metering. Financial Summary: Scenario Current Gross Income $165,600 Pro Forma -$180,000 NOI $155,000 Value @ 7% Cap-$2.214,286 Immediate strong cash flow with current NOI of $128K. Built-in appreciation of ~$385K from scheduled rent increases. Low maintenance risk due to complete recent renovation. Additional income potential from lot development.

Details

Features

Interior

Exterior

Parking

Utilities

Taxes

Location

Market Activity 30721

MLS Number: 7704189

Listing Provided By: Lou Wieland – (404) 441-0719 – lou@louwieland.com

Chapman Hall Realty – (404) 252-4512 – chapman@chapmanhallrealtors.com

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