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2308 Lakewood SW Avenue

$499,000

2308 Lakewood SW Avenue, Atlanta, GA 30315

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.


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