ATLANTA2718 Miles Circle • East Point , Georgia
Listing ID: 7209943
Price: $429,000
Status: Active
Address: 2718 Miles Circle
City: East Point
State: Georgia
Postal Code: 30344
Acres: 0.330
County: Fulton - GA
Subdivision: River Park
East Point
GA
30344
Rentals are in high demand and this triplex is located in a quickly growing part of East Point. Situated a few miles south of the Beltline, Wellstar East Point Health Center, and local schools. Conveniently next to a Chick-fil-a, Jefferson Park, & accessible Marta stops. This is a great opportunity to get into an area that has been on the rise! Several brand new upgrades to the property including a brand new roof and hardy plank siding. New paint on ext. and new gutter/downspouts. Interior upgrades include new shower plumbing and floor joists. Great deal to increase rents on this property as current rents are under the market rate! Upside potential of 7% cap rate - with the potential increase of $600/month. Each unit can go up an additional $200+/month. Current tenants are on a month to month lease and each unit has its own electricity meter. Annual Rent Revenue; $33,600/yr Property tax: $3,600/yr water/sewer currently covered by landlord, $3000/yr R&M/ Lawn : $2,400/yr Net Income: $27,600/yr, increased rents could net $34,080.
Primary Features
County:
Fulton - GA
Property Sub Type:
Other
Property Type:
Residential Income
Subdivision:
River Park
Year Built:
1950
Interior
Cooling:
Central Air
Flooring:
Hardwood
Furnished:
Unfurnished
Heating:
Natural Gas
Levels:
Two
Room Basement Level:
Basement
External
Construction Materials:
Other
Dock:
None
Fencing:
Back Yard
Lot Features:
Other
Lot Size Source:
Other
Number Of Units Total:
3
Parking Features:
Level Driveway
Pool Private:
no
Property Attached:
no
Roof:
Composition
Sewer:
Public Sewer
Utilities:
Electricity Available, Natural Gas Available, Sewer Available, Water Available
Water Body Name:
None
Water Source:
Public
Window Features:
Insulated Windows
Location
Association:
no
Community Features:
None
Directions:
GPS
Elementary School:
Parklane
Elementary School Bus Route:
no
High School:
Tri-Cities
High School Bus Route:
no
Middle School:
Paul D. West
Middle School Bus Route:
no
Remine Access Code:
1
View:
City
Waterfront Features:
None
Additional
Accessibility Features:
None
Assumable:
no
Green Energy Efficient:
None
Green Energy Generation:
None
Mls Property Type:
Residential Income
Mls Status:
Active
Owner Second:
no
Property Condition:
Resale
Remine Modified DT:
2023-09-20T09:15:36+00:00
Special Circumstances:
None
Unit Count:
3
Financial
Current Price:
429000
Owner Financing:
no
Special Listing Conditions:
None
Tax Annual Amount:
3499
Tax Year:
2022
Zoning Info
Listing Provided Courtesy of Keller Williams Rlty, First Atlanta. Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. The offer of compensation is made only to participants of the MLS where the listing is filed. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2023 First Multiple Listing Service, Inc. Data last updated Thursday, September 21st, 2023.Schedule a Showing - Listing ID 7209943
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