1247 Lucile Ave SW
Atlanta, GA 30310
10 Year NNN Housing- Gauranteed Housing · Specialty Property For Sale · 2,042 SF

Guaranteed monthly net rental rate of $1,600.00 per month base rate, up to $6,394.13. No management, steady income for 10 years! Huge historic craftsman home in the heart of West End steps from famed Atlanta's famed Westside Beltline. Bright and open floor plan in well sought after West End area! Hardwood floors, tile floors in kitchen, very spacious 2-story home in West End. Hurry this won't last long! Post sale, this property will receive all new exterior & interior paint, landscaping, fixtures & appliances, and will be re-imaged with new furniture! The property is being offered under a 10-year net-leased performance lease. Third party analytics are projecting that this asset will give the new owner of this property $76,729.50 annually with no management issues. The lease offers two separate lease guarantee options: (1) a monthly guaranteed lease payment of $1,600.00 (in addition to the tenant paying taxes, insurance, and upkeep), so the landlord will receive there minimum base rent or 70/30 profit split in favor of the landlord, which ever is greater! OR (2) a lease with no monthly minimum guarantee, and landlord will receive 80/20 split in their favor, in addition to tenant paying for all taxes, insurance, and upkeep. It is important to remember that the current projected rent is based off past market performance and forward looking market data furnished to tenant by 3rd party data analytics firm, and the tenant has found those numbers to be reliable. It should be noted that these properties are being leased back to the seller under long-term leases that are NNN lease in their management style, but allows the tenant to re-cover the cost of the property’s taxes and insurance cost that the tenant fronts to pay, from the property’s revenue. So the property offers a new owner financial performance and absolutely no management requirements, but also allows the tenant the economic ability to recover some of the costs for operating the facility. Landlord only pays for yearly taxes & insurance, while the long-term Tenant operates the asset and pays for all upkeep and general maintenance, property consumables, furnishings for the asset, and all cleaning & grounds keeping. This is a sale/lease back of a corporate housing unit. The company will be selling the property to new owners with a fresh NNN (10) year net lease. Mt Royal Vacations is Georgia's first boutique corporate housing company to combine vacation rental and corporate housing operations to increase occupancy rates and property income ratios. In its corporate housing operations, the company primarily places clients from the entertainment, aviation and insurance housing industries. The company is committed to Staying on the cutting edge of the property management operations- and is the first private investment backed corporate housing company to pioneer the introduction of sale/lease back transactions to the corporate housing market. The company's mix of clients delivers a strong ROI and incredible cash flow from it's properties on a per sq. foot basis