610 Armstrong St SE - Multi-Family FOR SALE


Marietta, GA 30060- Southeast Marietta
$300,000 USD
404-585-8881
610 Armstrong St SE, Marietta, GA for Sale
$300,000 USD
Multi-Family - FOR SALE
1/38
null | 8.74% Cap Rate

610 Armstrong St SE
Marietta, GA 30060
Southeast Marietta


HIGHLIGHTS

  • Near Marietta Square
  • Recently Updated

OVERVIEW

Welcome to 610 and 612 Armstrong Street, a well-located duplex in the heart of Marietta, offering an excellent opportunity for investors or owner-occupants seeking immediate income potential. This property features two separate units with functional layouts and strong rental demand in the area due to proximity to downtown Marietta, shopping, dining, major highways, and local employers. The property has been freshly painted throughout, and one unit includes an updated bath. One unit also has a washer included. Ideal for value-add or turnkey rental strategies, or for owner-occupants looking to offset housing costs with rental income. Based on pro forma assumptions, investment metrics include a purchase price of $300,000 with projected monthly rents of $1,300 per unit for a combined gross annual income of $31,200. Estimated annual expenses are calculated at 16% of gross income for approximately $4,992, resulting in a net operating income of roughly $26,208 and an estimated cap rate of 8.74%. A financing assumption of a 20% down payment is used for projection purposes only, and all figures should be verified by the buyer. Whether you are building your rental portfolio or planning to live in one unit while renting the other, this duplex presents a compelling opportunity in a consistently strong rental market in Marietta.

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$96 USD /SF

# OF UNITS

2

PRICE/UNIT

$150,000

CAP RATE

8.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

610/612 Armstrong Street SE

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1943

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

16-1235-0-024-0

ASK ABOUT THIS PROPERTY

Janice OverbeckKeller Williams RealtyMore Info
404-585-8881

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Janice OverbeckKeller Williams RealtyMore Info
404-585-8881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.