Photo 1 of 35
$225,000
Sold on 5/05/22
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$1,345 |
1985 |
On the market:
36 days
|
View full details, 15 photos, school info, and price history
*Back on Market, Buyers Financing Fell Through***A FABULOUS Income Producing Duplex! Starting 4/1/2022 the total monthly income for the property is $1840. Unit #123 has had the same tenant for 13 years, and is paying $700 a month. Unit #125 is under the Housing Authority and as of April 1 the Housing Authority has increased the rent to $1140, this tenant has been in place for 5 years! These are 2 bedroom, 1 bath units. The roof is approximately 5 years old (replaced in 2018). If/when the tenants move out the units will definitely need carpet & paint. There is property management in place and has a great relationship with the tenants. The current property manager would love the opportunity to stay in place and have a chance to earn your business! The tenants allowed photos to be taken so potential buyers could see the units before submitting anything so please review all photos, run your numbers and then submit your Highest and Best offer. Do NOT bother the tenants, an inspection will be allowed during due diligence only. . Please submit all offer with proof of funds by Wednesday April 20th at 11am. **Anyone who previously submitted an offer please re-submit if still interested with an updated approval letter reflecting the interest rate increase. We will NOT accept any offer without an updated letter AND a conversation with the lender to prevent another unexpected surprise**
Listing courtesy of Nichole Peterman, Keller Williams Realty Atl Partners