Description
Charming ranch bungalow in the heart of it all! Picturesque home with backyard and surrounded by new construction and newly renovated homes! Buy now and immediately receive passive income. The area is appreciating rapidly. Walk to parks, Marta; just minutes to The Bellwood Quarry, The Proctor Creek Trail, Westside Reservoir Park. Property was updated under 2 years ago and brand new roof installed within the past year. This property an immediate win for a seasoned or newer investor/s alike as this tenant wishes to stay and has been renting for 4-5 years. Currently rented to "Housing Choice Voucher" recipients. Next door home is also for sale (2215 Penelope St.) Rare opportunity to own a strong cash flowing portfolio with appreciating assets. Gross Annual rent is $16,656 or $1388/month via Section 8 tenants/Atlanta Housing Authority, though could rent for more- Seller waiting on approval for rent increase to $2225 and will provide all HAP contracts, leases, etc. as needed. ****DO NOT DISTURB TENANTS OR KNOCK ON DOOR/S. *** See pictures and video and slideshow links to follow. Showings will be conducted once terms are agreed to during Buyer's due diligence period. No SellerCOs Disclosure as Owner is Investor that never lived in the property. Don't snooze on this opportunity!
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School Information
Description
Charming ranch bungalow in the heart of it all! Picturesque home with backyard and surrounded by new construction and newly renovated homes! Buy now and immediately receive passive income. The area is appreciating rapidly. Walk to parks, Marta; just minutes to The Bellwood Quarry, The Proctor Creek Trail, Westside Reservoir Park. Property was updated under 2 years ago and brand new roof installed within the past year. This property an immediate win for a seasoned or newer investor/s alike as this tenant wishes to stay and has been renting for 4-5 years. Currently rented to "Housing Choice Voucher" recipients. Next door home is also for sale (2215 Penelope St.) Rare opportunity to own a strong cash flowing portfolio with appreciating assets. Gross Annual rent is $16,656 or $1388/month via Section 8 tenants/Atlanta Housing Authority, though could rent for more- Seller waiting on approval for rent increase to $2225 and will provide all HAP contracts, leases, etc. as needed. ****DO NOT DISTURB TENANTS OR KNOCK ON DOOR/S. *** See pictures and video and slideshow links to follow. Showings will be conducted once terms are agreed to during Buyer's due diligence period. No SellerCOs Disclosure as Owner is Investor that never lived in the property. Don't snooze on this opportunity!
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