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610 Armstrong St SE - 610/612 Armstrong Street SE 2 Unit Apartment Building Offered at $300,000 at a 8.74% Cap Rate Marietta, GA 30060
INVESTMENT HIGHLIGHTS
- Near Marietta Square
- Recently Updated
EXECUTIVE SUMMARY
Welcome to 610 and 612 Armstrong Street, a well-located duplex in the heart of Marietta, offering an excellent opportunity for investors or owner-occupants seeking immediate income potential. This property features two separate units with functional layouts and strong rental demand in the area due to proximity to downtown Marietta, shopping, dining, major highways, and local employers. The property has been freshly painted throughout, and one unit includes an updated bath. One unit also has a washer included. Ideal for value-add or turnkey rental strategies, or for owner-occupants looking to offset housing costs with rental income. Based on pro forma assumptions, investment metrics include a purchase price of $300,000 with projected monthly rents of $1,300 per unit for a combined gross annual income of $31,200. Estimated annual expenses are calculated at 16% of gross income for approximately $4,992, resulting in a net operating income of roughly $26,208 and an estimated cap rate of 8.74%. A financing assumption of a 20% down payment is used for projection purposes only, and all figures should be verified by the buyer. Whether you are building your rental portfolio or planning to live in one unit while renting the other, this duplex presents a compelling opportunity in a consistently strong rental market in Marietta.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $300,000 | Property Type | Multifamily |
| Price Per Unit | $150,000 | Building Size | 3,132 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.74% | Year Built/Renovated | 1943/2025 |
| No. Units | 2 | Opportunity Zone |
Yes
|
| Price | $300,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 8.74% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 3,132 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1943/2025 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $1,300 | - |
1 1
Walk Score®
Very Walkable (74)
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610 Armstrong St SE - 610/612 Armstrong Street SE
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