Fantastic property that has doubled in cashflow to $139k/yr in the past few years from over $305k in renovations. Property still has a LOT more value add potential to go. Property requires zero on-site staff, and only takes a couple hours a month of management visits for matters such as turnover or maintenance. All of the major systems have been updated such as underground sewer lines, entire roof replacements for 2/3 buildings, full gut job renovations, and adding more efficient thermostat-based air systems just to name a few. This property is also minutes to the Atlanta Harstfield-Jackson Airport, Forest Park Farmer's Market, numerous stores/restaurants, and is about 10 minutes to Southlake Mall which features numerous surrounding plazas. Unit makeup is 8x Studio/1BA, and 6x 1BR/1BA Apartments. Adjacent neighbors include Public Storage, and Georgia Power container bays inventory storage so it's fairly quiet.
Property Features
Utilities
Cable Available
Electricity Available
Sewer Available
Underground Utilities
Water Available
Parking
Detached
Parking Lot
Paved
Varies by Unit
Cooling Information
Window Unit(s)
Heating Information
Space Heater
Water Features
Public
School Information
School Information for 4843 Old Dixie Highway, Forest Park, GA 30297