East Point, GA 30344,2718 Miles CIR
East Point, GA 30344,2718 Miles CIR
East Point, GA 30344,2718 Miles CIR
East Point, GA 30344,2718 Miles CIR
East Point, GA 30344,2718 Miles CIR
East Point, GA 30344,2718 Miles CIR
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Listed by Parker Smith • Keller Williams Rlty First Atl
Bought with Nadine Lutz • BHHS Georgia Properties

$320,000

$429,000

25.4%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

5 Beds

3 Baths

0.33 Acres Lot


SOLD DATE : 11/21/2023

Key Details

Sold Price $320,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Subdivision River Park

MLS Listing ID 10205004

Style Traditional

Bedrooms 5

Full Baths 3

Year Built 1950

Annual Tax Amount $3,499

Tax Year 2022

Lot Size 0.330 Acres

Property Description

Rentals are in high demand and this triplex is located in a quickly growing part of East Point. Situated a few miles south of the Beltline, Wellstar East Point Health Center, and local schools. Conveniently next to a Chick-fil-a, Jefferson Park, & accessible Marta stops. This is a great opportunity to get into an area that has been on the rise! Several brand new upgrades to the property including a brand new roof and hardy plank siding. New paint on ext. and new gutter/downspouts. Interior upgrades include new shower plumbing and floor joists. Great deal to increase rents on this property as current rents are under the market rate! Upside potential of 7% cap rate - with the potential increase of $600/month. Each unit can go up an additional $200+/month. Current tenants are on a month to month lease and each unit has its own electricity meter. Annual Rent Revenue; $33,600/yr Property tax: $3,600/yr water/sewer currently covered by landlord, $3000/yr R&M/ Lawn : $2,400/yr Net Income: $27,600/yr, increased rents could net $34,080.

Location

State GA

County Fulton

Interior

Heating Natural Gas

Cooling Central Air

Flooring Hardwood

Exterior

Parking Features Off Street

Fence Back Yard

Community Features None

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

Waterfront Description No Dock Or Boathouse

View City

Roof Type Composition

Building

Story Two

Foundation Block

Sewer Public Sewer

Schools

Elementary Schools Parklane

Middle Schools Paul D West

High Schools Tri Cities

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Georgia MLS (GAMLS)
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1355 Terrell Mill Rd., Bldg # 1464, Marietta, GA, 30067

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