5737 Alabama Street

N/a, Austell, GA

$564,000

MLS# 6719055

PORTFOLIO INCLUDES A TOTAL OF 3 ADJACENT DUPLEXES (6 units), One Duplex pictured. (5737 & 5739 Alabama Street) All 3 Duplexes are 4-sided Brick, 2 Bedrooms, 1 Bathroom, 800 SF, central heat & air-conditioning & washer/dryer connections. Each Duplex has its own property tax ID. The Atlanta area is one of the strongest real estate markets in the entire country.Austell is a popular Atlanta suburb, in Cobb County, only a short walk to downtown Austell restaurants & shopping, across the street from Collier Park & Collar Community Center (playground, tennis courts, etc.). Very close to Austell elementary school, Police Station, Daycare, City Hall & Post Office. Great location in the heart of Austell which is prime for new townhome development. Do NOT disturb tenants. Shown by appointment only. Current annual gross rental income: $38,400. Projected annual gross rental income: $61,560. At a Pro Forma CAP Rate of 6.5 % (typical for the Greater Atlanta area) the property value jumps to about $695,500. All 6 units are currently rented, most on month to month leases way below the market rates of $900 plus a month. Tenants pay ALL utilities which are separately metered. Property management available. May Rent Roll and other information in attached documents. While the proposed Mixed Use Overlay District (see attached documents) has not yet been approved, it shows what the municipality is rapidly moving toward. Duplexes not sold separately. A high rental market demand here makes renting these units easy!

Exterior Details

ConstructionBrick 4 Sides
Built In1971
StoriesOne
ParkingDriveway, Paved
ServicesNear Schools, Near Shopping, Park, Restaurant, Sidewalks
UtilitiesCable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
SewerPublic Sewer
Lot DescriptionLevel
Lot Dimensions84 x 90
Acres0.1736

Location

Subdivision N/a
Zip Code 30106
City Austell
County Cobb

Schools

Elementary Austell
Junior Garrett

Property Data

Status Active
MLS # 6719055
Type Residential Income
Special Investor Owned

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First Multiple Listing Service

Listing Provided Courtesy Of: Homeland Realty Group, LLC.

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Data Last updated on July 9, 2020 12:45pm

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