Search

Save
Ask
Tour
Hide
Share
$459,000
61 Days Online

2718 Miles Circle
East Point, GA 30344

For Sale|Multi-Family|Active
Subdivision:
River Park
County:
Fulton

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 404-735-6027
Is this the home for you? We can help make it yours.
404-735-6027
2718 Miles Circle2718 Miles Circle2718 Miles Circle2718 Miles Circle
Save
Ask
Tour
Hide
Share

This triplex is located in a quickly growing part of East Point. Situated a few miles south of the Beltline, Wellstar East Point Health Center, and local schools. Conveniently next to a Chick-fil-a, Jefferson Park, & accessible Marta stops. This is a great opportunity to get into an area that has been on the rise! No showings until under contract. Great deal to increase rents on this property as current rents are under the market rate! Currently a 5% cap rate. Upside potential of 7% cap rate - with the potential increase of $600/month. Each unit can go up an additional $200/month. Current tenants are on a month to month lease. Roof is 10-years old and each unit has its own electricity meter. Annual Rent Revenue; $33,600/yr Property tax: $3,600/yr water/sewer currently covered by landlord, $3000/yr R&M/ Lawn : $2,400/yr Net Income: $27,600/yr, increased rents could net $34,080 - do not knock on door or walk around the property. Please do not approach or talk to tenant.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$459,000
Days Online 
61 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.33 Acres
Year Built 
1950
MLS Number 
7128522
Status 
Active
Property Tax 
$3,600
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Other
Friends & Family
Recent Activity
4 weeks agoListing updated with changes from the MLS
4 weeks agoPrice changed to $459,000
2 months agoListing first seen online
General Features
Construction 
Other
Lot 
Other
Parking 
Level Driveway
Sewer 
Public Sewer
Special Circumstances 
Investor OwnedSold As/Is
Owner Financing 
No
Property Condition 
Resale
View 
City
Green Energy Efficient 
None
Green Energy Generation 
None
Stories 
Two
Interior Features
Cooling 
Central Air
Flooring 
Hardwood
Heating 
Natural Gas
Save
Ask
Tour
Hide
Share
Exterior Features
Lot Features 
Other
Fencing 
Back Yard
Roof 
Composition
View 
City
Parking Features 
Level Driveway
Waterfront Features 
None
Community Features
Dock 
None
Community Amenities 
None
Accessibility Features 
None
Security Features 
None
Water 
Public
Schools
School District
Unknown
Elementary School
Parklane
Middle School
Paul D. West
High School
Tri-Cities
Listing Provided Courtesy Of: Parker Smith of Keller Williams Rlty, First Atlanta ?

Listings identified with the FMLS IDX logo come from FMLS and 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.



© 2017-2022 First Multiple Listing Service, Inc.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Share

Pin It on Pinterest