Fully Leased Apartment Building By University In West Georgia For Sale

Business description

PROPERTY ADDRESS
124 Bowen Street, Carrollton, Ga, 30117. Land Lot 98 of the 10th District, County of Carroll.

ACREAGE
0.55± Acres Total

SQUARE FOOTAGE
7,168± Square Feet

UTILITIES
All utilities available
Units are total electric

GENERAL INFORMATION
This location was built in 1989, and is a two-story, eight unit, multi-family dwelling. Each unit has two bedrooms, and each bedroom is equipped with a vanity. There is one shared bathroom per unit. Each unit also has a kitchen, dinette and den. There are washer and dryer hookups in each unit as well. The owner is responsible for providing cable and also power for the outdoor lighting on the property. This location is often fully leased, as it is within walking distance of many locations in Carrollton, and it is only a block away from the State University of West Georgia. Currently all eight units are leased.

INCOME
Units rent for $535 per month
$51,360 income per year

YEARLY EXPENSES
Insurance $1038
Taxes $3405 Average of 2006 and 2007
Power $627
Cable $1106

100% FINANCING IS AVAILABLE ON THIS PROPERTY! PLEASE CONTACT OUR OFFICE FOR MORE DETAILS!

PURCHASE PRICE
$495,000

TERMS
All Cash To Seller At Closing

Property information

Real Estate:

Real Property Included

Location:

Traveling on Interstate 20, take the Villa Rica Exit #24 and travel south on Highway 61. Travel approximately 14.1 miles to the intersection with Maple Street on the left (just past the Downtown Square of Carrollton). Turn left onto Maple Street and travel approximately 1.1 miles to the intersection with Bowen Street on the left (between Papa John’s and a Gas Station). Turn left onto Bowen Street and the property will be on the left side of the road.

Other information

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