2308 Lakewood SW Avenue
$499,000
2308 Lakewood SW Avenue, Atlanta, GA 30315
For Sale
Multifamily
Duplex / Triplex / Fourplex
Active
Last Updated: 12/21/2023
11.15
Cap Rate
55,659
NOI
Details:
Cap Rate: 11.15%
NOI: $55,659
Units: 4
Year Built: 1930
Highlights:
- Lot Features: Other
- Gross Income: 5900
- Bathrooms Total: 0
- Cooling: Ceiling Fan(s), Central Air
- Heating: Central, Zoned
- Flooring: Ceramic Tile
- Construction Materials: Brick 3 Sides
- Parking Features: Carport, Level Driveway, Paved
- Accessibility Features: None
- Security Features: None
- Buyer Agency Compensation: 3
Description:
This is a generous cash flow property - Bring your investors - they would they will like it! This Single Family Home is set up like a Quad generates $5900.00 a month. The down stairs basement have two apartments and upstairs two apartments. This has been upgraded, It is turnkey ready with Choice Program(Section 8 tenants). Rent is guaranteed from Atlanta Housing Authority. Owner pays all Utilities. The average monthly utility is $500.00 on the high end. Seeking Cash Buyers only - No Appraisal contingency. Units are occupied - Please Due Diligence - Only After Pending Agreement.
Location
Gallery
