Listed by Better Homes and Gardens Real Estate Metro Brokers Atlanta
$3,300,000
600 Parkway Drive Ne
Details
Property Type Special Purpose
Sub Type Other
Units 12
Cap Rate 7.50%
NOI $255,258
Broker Co-Op Yes
Class B
Year Built 1930
Year Renovated 3
Stories 2
Lot Size (SqFt) 14,810
Special Purpose | 7.50% CAP
Marketing description
Level
Irreplaceable 12-unit asset situated between Ponce City Market and The Fox Theater. All units currently rented out, 10 of which were renovated. Easy Cash Flow with long term rental growth in this ideal intown location. MARTA, Restaurants, Shopping, Fourth Ward Park & so much more are just minutes away! 12 varying opportunities ranging from 5 - 1/1s, 3 - 2/1s and 4 3/2s, all currently hosting tenants. Perfect for residential investment, land play for future high rise opportunity, or buy, hold, and wait for future land plan or redevelopment.
Listing Contacts
Listed by Better Homes and Gardens Real Estate Metro Brokers Atlanta
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$255,258.00
$21,271.50/mo
Valuation Metrics
0
DSCR
7.74%
Cap Rate
7.74%
ROI
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