Residential Income lot: 14375 sq ft lot - MLS# 5942051
1/1
Sold
Sold for $102,000
on Sep 12, 2018
Description
2 BUILDING OPPORTUNITY (1 OWNER)-526 GRESHAM PARK DR AND 538 GRESHAM PARK DR BEING SOLD FOR $600,000. 12 TOTAL UNITS-HISTORICAL GROSS INCOME = $88,800/YR. (12.2% CAP). UPSIDE-RENT INCREASES FEASIBLE. BRING YOUR 1031, INVESTORS, OR HEDGE FUND MANAGERS TO TAKE ADVANTAGE OF THIS INVESTMENT OPPORTUNITY. LOW EXPENSES & STABLE INCOME. GREAT RENTAL LOCATION! EAST COBB SCHOOLS! VALUES EXPECTED TO SOAR DUE TO PROXIMITY TO NEW FALCONS AND BRAVES STADIUMS.
Features
Property Type: Residential Income
Sub Type: Residential Income
Listing Status: Closed
County/Area: Cobb County
Zip Code: 30062
Year Built: 1984
Units: 3
Bedrooms: 0
Lot Size: 0.3300
# of Parking Spaces: 2
Annual Expenses: 3882
Cap Rate: 12.2000
Community Features: Public Transportation
Directions: I-75 N To Exit 265 Ga-120 Marietta Pkwy. Right Onto Wallace Road. Left Onto Gresham Road. Left Onto
District: 16
Elementary School: Powers Ferry
Gross Income: 22200
Heating: Central, Electric
High School: Wheeler
Landlot: 1097
Lot: 4
Lot Dimensions: UNDER 1/3 ACRE
Lot Features: Level
Main Type: Residential Income
Middle School: East Cobb
Parking Features: Attached, Driveway, Parking Lot, Varies By Unit
Parking Spaces: 2
Property Condition: Resale
Roof Type: Composition
School Bus Route Elem: 1
School Bus Route High: 1
School Bus Route Middle: 1
Search Area: 82 - Cobb-East
Selling Agent: BUCKMOOR
Selling Office: Title One Realty LLC
Sewer: Public Sewer
Subdivision: Tall Pines
Subdivision/Neighborhood: Tall Pines
Tax ID: 16-1097-0-041-0
Tax Year: 2017
Taxes: 1578.00
Unit Count: 3
Water Source: Public
Jules Harper, SFR
Associate Broker
The Four Walls Group
Keller Williams Realty Signature Partners
Office: (770) 765-5005
Fax: (770) 217-4080
Jules Harper, SFR
Associate Broker
The Four Walls Group
Keller Williams Realty Signature Partners
Office: (770) 765-5005
Fax: (770) 217-4080
Jules Harper, SFR
Associate Broker
The Four Walls Group
Keller Williams Realty Signature Partners
Office: (770) 765-5005
Fax: (770) 217-4080
After completing the process of selling our home, I felt compelled to write this letter to let you know how impressed Dan and I were with Keller Williams Four Walls Realty, you and your assistant, Jessica.
From the beginning when you contacted us by telephone to set up the initial appointment until the closing, you and Jessica were professional and kept our interest in the forefront. We were always informed in advance of showings and received feedback afterward. If we had any questions, you or Jessica answered them quickly and concisely. When we received a contract after only 2 days on the market, you helped us negotiate to get the highest price for the house. Jessica was wonderful at keeping us updated throughout the whole process reminding us of the date and time of the closing and what exactly we needed to take with us. Her assistance was invaluable.
We have bought and sold a number of houses during our married life and none of them were handled with the quality of service, professionalism and expertise as this one. Thank you for making this a great experience. I will (and have) recommended you and your organization to my friends and family and will let you know if we are ever in the market to buy or sell another home. Cindy and Dan Acker