Fantastic Opportunity for an investor, owner occupier, or single family primary residence! At 100% occupancy, this property is currently producing a CAP RATE of 9.6%!!! Conveniently located within walking distance of the restaurants and shops of historical downtown Tucker, this re-modeled classic mid-century home is located in a quiet neighborhood on a beautiful .7 acre lot surrounded by mature trees. Currently leased for $2,700/month, the main house measures 2,595 SQFT and consists of 4BR/3BA as well as a finished basement, which includes 1B/1BA and a fireplace. Since it has an exterior entry, the basement can also be used as an in-law suite or future separate apartment which could be rented out. The home also has a separate, two car detached garage with a 1BR/1BA apartment located above it which is currently be rented out for $1,450/month. Total annual gross revenue for this property is approximately $49,800. NOI is $39,431. See attached Offering Memorandum for financials and other information. Time to make hay while the sun shines!!!
- Carriage House