6424 Woodstone Way - Apartments FOR SALE


Morrow, GA 30260
$272,000 USD
404-590-7137
6424 Woodstone Way, Morrow, GA for Sale
$272,000 USD
Apartments - FOR SALE
1/10
null | 14.68% Cap Rate

6424 Woodstone Way
Morrow, GA 30260


HIGHLIGHTS

  • Buy all 3 for a 15% discount (Accounted for in list price)
  • Pro-forma 10% cap rate as long-term rentals
  • Pro-forma 12-13% cap rate as coliving

OVERVIEW

Three townhome-style condo bundle for $272,000 TOTAL, ten minutes from the busiest airport in the world. One is vacant, two are occupied. No rental restrictions, investor-friendly HOA. Discount for bundled sale. Long-term market rents are $4,500+. I'd suggest setting it up for co-living/PadSplit (furnished rooms for rent) with gross potential at $6000 to $7000+/mo if you add 3 rooms, which would put it at a 12%-15% cap rate. Cash or hard money loans only. Units Included in Bundle: 6421 Woodstone Terrace | 2BR / 1.5BA  6423 Woodstone Terrace | 3BR / 3.5BA + Finished Basement  6424 Woodstone Way | 2BR / 1.5BA

FOR SALE DETAILS

PRICE

$272,000 USD

PRICE/SF

$68 USD /SF

# OF UNITS

3

PRICE/UNIT

$90,667

CAP RATE

14.68%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3 Condo Bundle

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.32 AC

LAND SF

449,539 SF

ZONING

R1

APN/PARCEL ID

12-0114C-00A-002

ASK ABOUT THIS PROPERTY

Josh StantonKW Commercial Metro AtlantaMore Info
404-590-7137

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Josh StantonKW Commercial Metro AtlantaMore Info
404-590-7137

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