INVESTORS DREAM!!! Great 22-unit apartment building with huge upside potential. 17 of 22 units have been fully renovated and have tenants in them. There remains seven units to be remodeled. This is a great investment. All 1 Bedroom units are 900+ square feet and the 2 Bedroom apartments are 1000+ Sq/Ft with large patio/balconies. There is an incredible courtyard out back offering residents a place to rest and relax among nature. Two of the members of the company who owns the property are licensed Alabama and Georgia real estate agents There are three 1 bedroom 1 bath units, all have been renovated. There are fifteen 2 bedroom 1 bath units, all but three have been renovated. There are four 2 bedroom 2 bath units, all but two have been renovated. Owner pays water and trash ($27/can) as well as the electricity for the outdoor lights. Potential monthly gross income for the 1 bedroom 1 bath units is $675 x 3 units=$2,025, $875 x 15 units is $13,125 and $925 x 4 units =$3700. Therefore, the total potential gross monthly rental income is $18,850 or $226,200 annually.
| Date | Price |
|---|---|
| -- | New Value: $1,199,000 |
| 11/27/2024 12:47:00 PM | New Value: $1,199,000 |
