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5883 Lone Oak SW Drive

$749,900

5883 Lone Oak SW Drive, Mableton, GA 30126

Active
Last Updated: 11/08/2023

8

Cap Rate

4

Units

Details:
Cap Rate:    8%
Units:    4
Year Built:    1984
Parking Spots:    8
Highlights:
  • Lot Features: Level
  • Gross Income: 48921
  • Bathrooms Total: 0
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central
  • Construction Materials: Brick 4 Sides
  • Parking Features: Parking Lot, Paved
  • Accessibility Features: None
  • Security Features: None
  • Buyer Agency Compensation: 3.0
Description:

Perfect Opportunity To Own This 4-Unit Building In Cobb County! Whether you're a dedicated investor seeking to expand your portfolio or a potential homeowner considering living in one unit while leasing the other three (or "house hack"), this opportunity suits a variety of aspirations.This quad was completely renovated in 2020 from top to bottom, including the Roof, HVAC, Plumbing, Electrical, Water Heaters, Windows, Flooring, Cabinets & Paint. All 4 units are 2 bed/1 bath and feature updated interiors and stainless steel appliances. Conveniently situated adjacent to Highway 78, providing efficient ingress to Interstates 20 and 285, while being within a 30-minute drive of prominent destinations including Truist Park, Vinings Jubilee, Buckhead, Midtown, and Downtown Atlanta. HOA varies from 400-500/month and covers and grounds care, water, sewer, and trash. The property is under professional management and well maintained. 1 unit currently leased at $1,350/month and expect full occupancy soon. Market rent 1,300-1,400. Starting the weekend after November 18, 2023, Fannie Mae will allow 5% down payments for owner-occupied 2-, 3-, and 4-unit homes, which is a major change from the previous requirement of 15-25% down payments for such properties. Contact Us For Any Additional Information or Bring Us An Offer!


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