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6424 Woodstone Way - 3 Condo Bundle 4,000 SF Specialty Building Offered at $272,000 at a 14.68% Cap Rate in Morrow, GA 30260
Investment Highlights
- Buy all 3 for a 15% discount (Accounted for in list price)
- Pro-forma 12-13% cap rate as coliving
- Pro-forma 10% cap rate as long-term rentals
Executive Summary
Three townhome-style condo bundle for $272,000 TOTAL, ten minutes from the busiest airport in the world. One is vacant, two are occupied. No rental restrictions, investor-friendly HOA. Discount for bundled sale. Long-term market rents are $4,500+. I'd suggest setting it up for co-living/PadSplit (furnished rooms for rent) with gross potential at $6000 to $7000+/mo if you add 3 rooms, which would put it at a 12%-15% cap rate. Cash or hard money loans only.
Units Included in Bundle:
6421 Woodstone Terrace | 2BR / 1.5BA
6423 Woodstone Terrace | 3BR / 3.5BA + Finished Basement
6424 Woodstone Way | 2BR / 1.5BA
Units Included in Bundle:
6421 Woodstone Terrace | 2BR / 1.5BA
6423 Woodstone Terrace | 3BR / 3.5BA + Finished Basement
6424 Woodstone Way | 2BR / 1.5BA
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$84,467
|
$21.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$9,674
|
$2.42
|
| Effective Gross Income |
$74,793
|
$18.70
|
| Taxes |
$4,548
|
$1.14
|
| Operating Expenses |
$30,312
|
$7.58
|
| Total Expenses |
$34,860
|
$8.72
|
| Net Operating Income |
$39,933
|
$9.98
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $84,467 |
| Annual Per SF | $21.12 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $9,674 |
| Annual Per SF | $2.42 |
| Effective Gross Income | |
|---|---|
| Annual | $74,793 |
| Annual Per SF | $18.70 |
| Taxes | |
|---|---|
| Annual | $4,548 |
| Annual Per SF | $1.14 |
| Operating Expenses | |
|---|---|
| Annual | $30,312 |
| Annual Per SF | $7.58 |
| Total Expenses | |
|---|---|
| Annual | $34,860 |
| Annual Per SF | $8.72 |
| Net Operating Income | |
|---|---|
| Annual | $39,933 |
| Annual Per SF | $9.98 |
Property Facts
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 12-0114C-00A-002 | Total Assessment | $3,040 (2025) |
| Land Assessment | $40 (2025) | Annual Taxes | $4,548 ($1.14/SF) |
| Improvements Assessment | $3,000 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
12-0114C-00A-002
Land Assessment
$40 (2025)
Improvements Assessment
$3,000 (2025)
Total Assessment
$3,040 (2025)
Annual Taxes
$4,548 ($1.14/SF)
Tax Year
2026
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6424 Woodstone Way - 3 Condo Bundle
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