2538 Joe Jerkins Boulevard

Description

PORTFOLIO INCLUDES A TOTAL OF 6 ADJACENT DUPLEXES (12 units). EACH DUPLEX IS $186,000. Duplexes not sold separately. One Duplex pictured (2538-2540 Joe Jerkins). All 6 Duplexes are 4-sided Brick, 2 Bedrooms, 1 Bathroom, 800 SF, central heat & air & full size washer/dryer connections in each unit. Each Duplex has its own property tax ID. Austell is a popular Atlanta suburb, in Cobb County, only a short 25 minute commute to downtown Atlanta. Walk to downtown Austell restaurants & shopping, across the street from Collier Park & Collar Community Center (playground, tennis courts, etc.). Very close to Austell elementary school, Police Station, Daycare, City Hall & Post Office. Do NOT disturb tenants. Shown by appointment only. Annual gross rental income beginning in October 2020: $100,800. Projected annual gross rental income after some capital expenditure: $144,000. 11 of the 12 units are currently rented and almost all rented way below the market rates of $1,000 per month. Tenants arrange for and pay for ALL utilities including water, and ALL utilities are separately metered. Property management available. No HOA. October Rent Roll and other information in ATTACHED DOCUMENTS. While the proposed Mixed Use Overlay District (see attached documents) has not yet been approved, it shows what the municipality is rapidly moving toward. Duplexes not sold separately. A high rental market demand here makes renting these units easy!