Atlanta West Side Deal - Turnkey Rental in an area on the RISE

[Josh Stanton]

I just listed this in-town turnkey rental property

• It's been recently renovated and is getting $960/mo in rent. Tenant is month-to-month.
• It's located in heart of the rapidly appreciating neighborhoods just west of downtown Atlanta. It's in an area appreciating rapidly due to how close it is to Grove Park/Westside Park (Quarry) development, West End neighborhoods, and the Westside BeltLine. I know because I live nearby (in Historic West End).
• When evaluating the awesomeness of this deal be sure to factor in the appreciation factor. This house is located in the heart of 30314 where the median sales price of single-family homes has increased 49% in the past 7-12 months (see Fannie Mae Report). I challenge you to show me a zip code with stronger appreciation. Seriously, I would like to know...
• A fully renovated house about the same size sold for $201,000 in August 3 doors north on the same street.
• Even after your mortgage payment and expenses it will cashflow over $300/month.
• I calculated the house at a 9% cap and 19% cash-on-cash return with a 20% down conventional mortgage (again check out my spreadsheet to look at my assumptions).
• The resident is getting 100% of her rent subsidized by the Atlanta Housing Authority.
• House can be sold with professional management in place as well - someone I would strongly recommend (if you need someone). She can walk you through getting set up with AHA.
• It is only available to view: Sunday, September 16th 1pm to 3pm (hosted by my colleague David Williams), and I'll be hosting an open house Tuesday, September 18th and 19th from 4pm to 6:30pm.
• This nifty 3D tour will show you the inside of the home like you are there.
• No blind offers please.
• It can be sold as a bundle with another move-in ready property, 2579 Abner Pl NW Atlanta, GA 30318 - which is vacant and on the Proctor Creek Greenway which will be listed soon at $99,900.
• If you are interested you can call or text me at 678-829-8838. Email: [email protected] or come by when the house is open Sunday, Tuesday or Wednesday (times above) and see the inside because we will reject offers if you haven't been physically inside the house. 

Thanks!

H. Josh Stanton | Real Estate Consultant, REALTOR | Keller Williams Realty Metro Atlanta

(678) 829-8838 | [email protected]