Property Type: Multi-Unit
Sq Ft: 2380
Cash cow in English Avenue!
420 Griffin St
Atlanta GA 30318
Suggested price: $59,700
Huge all-brick triplex ready for you to jump on before prices in English Ave follow the other Westside neighborhoods.
Three 2 bed/1 bath apartments in this >2300 sq.ft. solid structure should generate $850/mo each. Property needs extensive landscaping and cleanup. Interior needs a complete rehab.
Cheapest property over 2000 sq.ft. for blocks.
374 Griffin St NW $160k; 6/7/17
741 Jones Ave NW; $100k; 7/11/17
561 Jones Ave NW; $94k; 9/30/16
359 Paines Ave NW; $65k; 3/27/17
549 English Ave NW, $60k; 12/12/16
435 Joseph E Lowery Blvd NW; $385,000 - currently active
ROI projection leaves lots of room for more rehab $$ or lots of cash in your pocket:
Annualized Rent $30,600.00 (@$850/mo x 3)
GROSS NOI $29,167.00
Purchase Price $59,700.00
Total Investment $119,200.00
GROSS CAP RATE 24.5%
More pictures: https://1drv.ms/a/s!AsO6WzMSrpQegv4pvfkLyjku7xLJFA
Call Jeff @ 678-809-5588