(Atlanta) GREAT INVESTMENT PROPERTY/CASH BUYERS NEEDED

[Rocky Nguyen]

(MULTIFAMILY)

1181 Garibaldi St Atlanta 30310 (10 units 1bed / 1bath)

Price: $180,000

Monthly Expenses:

Trash: $134

Gas South: $137

Atlanta Water: $900

Occupancy

#1: $420

#2: $200 deposit for January 2015

#3: $420

#4: $525 free water & electric only

#5: $525 free utilities

#6: $420

#7: Vacant

#8: $525 Free Utilities

#9: $420

#10: $410

Total Gross Monthly Income: $3,665 (Not including unit 2)

Annual Gross Income: ($43,980)

Total Expenses: $1,171

Net Annual Income: $35,624 or 20% Cap Rate

-Block building with 5 units upstairs and 5 downstairs

-100 gallon water heater in closet (11 years old)

-1 water meter to service entire building (replaced in 2010)

-building renovation in 2002