East Point, GA 30344,2718 Miles
East Point, GA 30344,2718 Miles
East Point, GA 30344,2718 Miles
$320,000
Est. payment /mo
$429,000
25.4%
Est.Price: ?

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5 Beds
3 Baths
0.33 Acres Lot
SOLD DATE : 11/21/2023

Key Details

Sold Price $320,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Subdivision River Park

MLS Listing ID 10205004

Sold Date 11/21/23

Style Traditional

Bedrooms 5

Full Baths 3

HOA Y/N No

Originating Board Georgia MLS 2

Year Built 1950

Annual Tax Amount $3,499

Tax Year 2022

Lot Size 0.330 Acres

Acres 0.33

Lot Dimensions 14374.8

Property Description

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.

Location

State GA

County Fulton

Rooms

Basement Finished Bath, Exterior Entry, Finished, Full

Interior

Interior Features High Ceilings, Roommate Plan

Heating Natural Gas

Cooling Central Air

Flooring Hardwood

Fireplace No

Appliance Dryer, Refrigerator, Washer

Laundry Other

Exterior

Parking Features Off Street

Fence Back Yard

Community Features None

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

Waterfront Description No Dock Or Boathouse

View Y/N Yes

View City

Roof Type Composition

Garage No

Private Pool No

Building

Lot Description Corner Lot

Faces GPS

Foundation Block

Sewer Public Sewer

Water Public

Structure Type Other

New Construction No

Schools

Elementary Schools Parklane

Middle Schools Paul D West

High Schools Tri Cities

Others

HOA Fee Include None

Tax ID 14 012500030214

Special Listing Condition Resale

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Georgia MLS - GAMLS

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agent

Amy Parris Cook

+1(404) 432-5029

Agent | License ID: 396968

Agent License ID: 396968

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