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2071 Defoors Ferry NW Road

$1,400,000

2071 Defoors Ferry NW Road, Atlanta, GA 30318

Active
Last Updated: 04/11/2024

6

Cap Rate

4

Units

Details:
Cap Rate:    6%
Units:    4
Year Built:    1992
Parking Spots:    9
Highlights:
  • Lot Features: Corner Lot, Level
  • Gross Income: 83796
  • Bathrooms Total: 0
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Baseboard, Central, Electric
  • Flooring: Carpet, Hardwood, Vinyl
  • Construction Materials: Brick Front, Cement Siding
  • Parking Features: Attached, Carport, Parking Lot, Paved
  • Accessibility Features: None
  • Security Features: None
  • Buyer Agency Compensation: 3
Description:

Prime investment opportunity in Buckhead! What an incredible opportunity to own multi-family housing in the Buckhead market! Already bringing in over $80,000 per year. Each unit is 1100 square feet with an additional storage
room in the basement/carport area. The storage area is massive! Could
easily convert to an office space if needed, but its currently excellent
for storage which is impossible to find with the larger apartment
complexes nearby. Out of the 4 units, one tenant has been in the property
for 4 years and another is coming up on their 4th year.
Although the property brings in over $80,000/year, if
all 4 of the units were collecting "market rate", there is strong belief that the yearly income can get above
$100,000 in the next 2-3 years.
Please call anytime, and feel free to drive by, but
do not disturb the tenants! Fully occupied.

Map:
Location
Gallery