Rare investment opportunity in coveted Cobb county. Fantastic all-brick, cash-flowing duplex with investment upside. Instant cash flow through in-place leases which are below market, creating a value-add opportunity for a new buyer. New HVAC (5873), updated kitchen (5869), bathroom tubs have recently been re-glazed, and an opportunity to improve the property and increase rents. Both units have 2 bedrooms and one bathroom, with great light and access to a private, level backyard. Incredibly rare 8% cap rate with room to grow as rents are increased. Current owners have benefitted from 0% vacancy and stable tenants. Please DO NOT disturb tenants, showings will be conducted for qualified buyers only.
Listing Provided Courtesy of Atlanta Communities
Property Details
Price:
$220,000
MLS #:
6893153
Status:
Closed ((Jul 2, 2021))
Beds:
4
Baths:
2
Address:
5869 Old Gordon Road
Type:
Single Family
Subtype:
Single Family Residence
City:
Mableton
Listed Date:
Jun 2, 2021
State:
GA
Finished Sq Ft:
1,560
ZIP:
30126
Year Built:
1959
Schools
Elementary School:
Clay-Harmony Leland
Middle School:
Lindley
High School:
Pebblebrook
Interior
Appliances
Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Carpet, Laminate
Heating
Electric
Laundry Features
In Kitchen
Exterior
Architectural Style
Ranch, Traditional
Community Features
Near Shopping
Construction Materials
Brick 4 Sides
Exterior Features
Private Front Entry, Private Rear Entry, Private Yard
Other Structures
Shed(s)
Parking Features
Driveway
Roof Type
Composition
Financial
Tax Year
2020
Taxes
$1,912
Map
Contact Us
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5869 Old Gordon Road
Mableton, GA
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