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Asking Price: $59,700

420 Griffin St
Atlanta, GA 30318

Property Type: Multi-Unit

Beds: 6

Baths: 3

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)
Taxes $433.00
Insurance $1,000.00

GROSS NOI $29,167.00

Purchase Price $59,700.00
Repairs $59,500.00
Total Investment $119,200.00

GROSS CAP RATE 24.5%

More pictures: https://1drv.ms/a/s!AsO6WzMSrpQegv4pvfkLyjku7xLJFA

Call Jeff @ 678-809-5588

Property Images