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Browse More Listings in Multifamily For Sale, Atlanta, GA or Georgia

Multifamily Property For Sale

6 Units X From Fort McPhereson Military Base

1085 Hood Drive, Atlanta, GA 30310

Price:
$194,500
No. Units:
6
Building Size:
3,600 SF
Price/Unit:
$32,416.67
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Cap Rate:
10.50%
Lot Size:
0.20 AC
Find Out More...

Last Verified 11/9/2009 Listing ID 16441523

Highlights

Great Up-Side Potential - With New Military base re-development
OWNER FINANCING OPTIONS with at least 30,000 down
Sub Metered Utilities - Runs with low Operating Costs

Positioned directly between downtown Atlanta (one of the fastest growing cities) and Hartsfield Jackson Airport, the world' s busiest airport.
On public Transportation Line

Description

Apartments consists of Six, 1 bedroom 1 bath units with each renting for $445/month. Tenants pay their own utilities (excluding water). Over the last several years this property has run with very high occupancy and low operating expenses. Some OWNER FINANCING OPTIONS with at least 30,000 down. This is a solid investment that provides a stable cash flow while it is anticipated to generate above average appreciation rates due to the fact it is in a large new re-development area. Plans are being proposed for the McPhereson military base which is currently being closed under the Base Realignment and Closure Act (BRAC) of 2005. Property is made of solid cider block construction and is submetered for gas and electric and could use some updating but is priced accordingly, rent could be increased after updates. Drive by preview encouraged -Proof of funds & or Pre-Approval Letter Req. for showing. Appraised value 235,900 - Priced to sell Fill out attached CA Agreement for more info

Property is located across from the Fort McPhereson military base which is currently being closed under the Base Realignment and Closure Act (BRAC) of 2005. Master plans the 488 acre site calls for residential, commercial, park and green space- Google Fort McPherson for more info within walking distance to public transportation line MARTA. This apartment complex is located between two high growth areas and is positioned directly between downtown Atlanta (one of the fastest growing cities) and Hartsfield Jackson Airport, the world' s busiest airport. While being directly across from the former Fort McPherson military base and in addition to many hotels, restaurants and shopping centers. This creates and ensures strong renter demand for years to come. This property is in a position to capitalize on the redevelopment initiative for Fort McPherson and on public transportation line MARTA.

Financial Summary

Unit Mix Information

Debt & Equity Information

Actual
Net Operating Income
$20,423

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
1 bed 1 bath	6	$445	600

Map of 1085 Hood Drive, Atlanta, GA 30310 (Fulton County)

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Contact Listing Broker

D. Chris Smith (678) 849-8017

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Created 10/21/2009

Additional Information for 1085 Hood Drive Sw, Atlanta, GA 30310

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - 6 Units X From Fort McPhereson Military Base

1085 Hood Drive, Atlanta, GA, 30310