Description:

This unique 28 unit investment includes 5 Townhome style apartment buildings and 2 Garden Style buildings. Located on a circle type street, these properties are contiguous, making for efficient management.
The Townhome buildings have back yards with room for gardening and the property features a small fenced in dog yard area. All of the Townhome units feature 1,250 sq ft of living space and each has 3 bedrooms an 1/12 bathrooms. Sixteen of the units have built-in 1 car garages and 4 have a basement. Units have original oak wood flooring throughout. All have washer/dryer hookups and gas forced air furnaces with central air conditioning. Each unit has its own water heater. Tenants pay gas and electric and owner pays water and sewer.
The two Garden Style buildings are typical for the area, featuring low maintenance brick exteriors. Each of the 8 units features 800 sq ft of living space and has 2 bedrooms and 1 bathroom. All flooring is original oak wood except for in the upper unit living rooms, which are carpeted. Each building has one washer and one dryer coin ops which are located in the basement along with individual storage lockers. Heat is paid by the owner and is provided via a high efficiency, modern boiler system in each building.
Value add opportunity by moving towards market based rents.
Townhome buildings have been in the current owner's family since they were built.
All roofs and gutters were replaced in 2016 at a cost of $120,000.
Many long term tenants and extremely low vacancy.
Quiet cul-de-sac setting with back yard green space.

Presented by:

Adriana  West

Managing Director

(678) 534-2718

(678) 907-7034

Click here to email

Listed by:

Keller Williams Realty Madison East

Madison East