24 unit garden condo apt package.175k gross, 137k net profit

[John C.]

This brick garden apartment condominium offering consists of six contiguous quadruplexes/quadraplexes generating gross rents of $175,440.00 per year. Net income after hard costs of $137,650.00 (going up for multiple reasons). Average 95% occupancy with many long term residents in very strong rental market. Value add opportunity. Zoned Multi-Family. Next to Commercial. About one mile West of the Stone Mountain Village near East Ponce De Leon and Memorial Drive. Across from public transportation, Wal-Mart just built around the corner. Near Kroger and multiple major large employment centers (industrial, retail, etc), Stone Mountain Park, the Stone Mountain Village, Memorial Drive, Mountain Industrial, Jimmy Carter Boulevard, Highway 29, East Ponce De Leon, and Highway 78/Athens Highway.

Can only deal with principals and their direct agents. Will send addresses and financial information once you provide proof that you are ready, willing, and able to close if terms are agreed to. We may consider owner financing by taking a small second. FSBO at 954k which includes 6% for agents.

PM me to discuss in more detail.

John Clark