Residential Income In Atlanta

10 unit value-add apartment building just minutes from downtown Atlanta and GA Tech University and just one block away from the new Westside Beltline. The property consists of (8) two bed/one bath units and (2) one bed/one bath units. 6 of the 10 units are currently occupied. Current gross income around $6,000 per month with below market rents. All tenants are MTM. Great opportunity to renovate and increase rents in a rapidly growing area of Atlanta (intown). Sold as is. Please drive the property before requesting a tour.

All 2 bed units have central heat and window ac. The 1 bed units have PTAC units for heat and air.
All units are separately metered for gas and electric. Water is common.
Plumbing is copper supply lines. Electric is original with several interior breaker panels replaced (updated).
All units have separate water heaters.
Gas services the water heaters, furnaces and stoves.
No laundry on site.
Roof/gutters are approx. 5-7 yrs old.
Windows are vinyl.

Owner financing available for qualified buyers with no less than 30% down payment, first lien position only. 6% interest only. 3 yr balloon. Inquire to agent for more details.