Description
GREAT OPPORTUNITY FOR BUY AND HOLD INVESTORS. One of two identical properties (1663 Richard Allen is also available) situated next to each other in the dynamic Memorial Drive growth corridor. As this area continues to evolve the long term appreciation opportunity is a reality. Move in ready, new construction with all of the features and upgrades a high end rental property should have. Due to their prime location with easy access to Decatur Square, Emory, and Midtown the potential long term tenant for these properties most likely works at Emory, CDC. VA Hospital, and Childrens Healthcare. It's proximity to I20, I285 and MARTA adds to the rental value of these homes. Most recent rental comps support $4500 per month. Expect a Cap Rate of 8% and a NOI of $47,500 per year. There are no HOA restrictions or fees which makes them even more attractive an investment. CONSIDER RENTING SHORT TERM AND THE CAP RATE UPS TO OVER 10%. Perfect rental for the FILM INDUSTRY. If you are an agent working with the FILM and TV industry-this is your golden opportunity-just minutes to the new Assembly Studios/NBC Universal Doraville location. New residential development directly behind these homes start in January with 10 townhomes. Get your investor/buyer in on the ground floor.
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School Information
Description
GREAT OPPORTUNITY FOR BUY AND HOLD INVESTORS. One of two identical properties (1663 Richard Allen is also available) situated next to each other in the dynamic Memorial Drive growth corridor. As this area continues to evolve the long term appreciation opportunity is a reality. Move in ready, new construction with all of the features and upgrades a high end rental property should have. Due to their prime location with easy access to Decatur Square, Emory, and Midtown the potential long term tenant for these properties most likely works at Emory, CDC. VA Hospital, and Childrens Healthcare. It's proximity to I20, I285 and MARTA adds to the rental value of these homes. Most recent rental comps support $4500 per month. Expect a Cap Rate of 8% and a NOI of $47,500 per year. There are no HOA restrictions or fees which makes them even more attractive an investment. CONSIDER RENTING SHORT TERM AND THE CAP RATE UPS TO OVER 10%. Perfect rental for the FILM INDUSTRY. If you are an agent working with the FILM and TV industry-this is your golden opportunity-just minutes to the new Assembly Studios/NBC Universal Doraville location. New residential development directly behind these homes start in January with 10 townhomes. Get your investor/buyer in on the ground floor.
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