Rare opportunity to own a duplex, with two well-appointed units - each offering 3 bedrooms and 3 bathrooms. Over $70,000 in renovations/upgrades in 2021. Unit A rents for $1,395 per month and Unit B for $1,460, bringing in a total monthly income of $2,855, or $34,260 annually. With estimated annual expenses at 16% of gross income ($5,481.60), the property yields a Net Operating Income (NOI) of $28,778.40 and a capitalization rate of approximately 7.02%. Assuming a 20% down payment and a 30-year fixed mortgage at a 6.5% interest rate, the annual mortgage payments would total around $24,872.40, resulting in a positive annual cash flow of $3,906.00. Appraised at $420,000. MARKET RENT POTENTIAL: Average rents for 3-bedroom rentals in this area are currently around $1,775/month. At that rate, total monthly income would increase to $3,550, or $42,600 annually. With the same 16% expense ratio, operating expenses would be approximately $6,816, resulting in a Net Operating Income (NOI) of $35,784. This would raise the cap rate to 8.73%. With a $410,00 purchase price, a 20% down payment ($82,000), and an estimated annual debt service of $24,864, projected cash flow would increase to $10,920/year - delivering an improved cash-on-cash return of 13.3%. Both sides showcase soaring ceilings and modern, open layouts with elegant kitchens featuring stainless steel appliances. The living rooms, complete with fireplaces, create warm and inviting spaces, and each unit includes its own washer and dryer for added convenience. Spacious bedrooms and well-designed bathrooms provide comfortable, private retreats. Outside, charming patios overlook a generous green space - ideal for relaxing or entertaining. The area is also seeing rapid growth, with 5,600 new jobs coming to major employers like Rivian, Archer Aviation, and MetaCoall within a 10-minute drive. Plus, with average rents for 3-bedroom rentals in the area currently around $1,775, thereCOs clear potential for future rent increases. Whether you're seeking a smart investment or multigenerational living, this duplex offers the perfect blend of style, comfort, and versatility. ***No showings until due diligence period. Please do not disturb tenants.*** Schedule a Private Showing

Listing courtesy of GAMLS / Janice Overbeck / Keller Williams Rlty-Atl.North

Last checked: Checking… • Last updated Apr 25, 2025 • Source: GAMLS

MLS# 10507538 — Report a problem

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