Calling all investors!! Rear opportunity, 8 bedroom, 2.5 bath fully furnished rooming house. Excellent income opportunity. Currently generates $4000 per month in rent. Adjacent to the Morehouse and Clark Atlanta campuses, makes for great student housing. 8 working class tenants currently occupy the home on a month-to-month basis, leaving flexibility for any buyer. 20% Cap rate!!
Off market
Zestimate®
$310,500
161 Milton Ave SW #1-8, Atlanta, GA 30314
--beds
0baths
--sqft
MultiFamily
Built in 1920
-- sqft lot
$310,500 Zestimate®
$--/sqft
$1,491 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air
Cooling
- Central
Features
- Basement: Crawl Space
Property
Lot
- Size: 3,789 sqft
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public Water
Community & neighborhood
Location
- Region: Atlanta
Other
Other facts
- TaxYear: 2017
- AboveGradeFinishedAreaUnits: Square Feet
- BuildingAreaUnits: Square Feet
- LivingAreaUnits: Square Feet
- HeatingYN: true
- CoolingYN: true
- LeaseTerm: Month To Month
- LotSizeUnits: Acres
- TaxMapNumber: 0
- Basement: Crawl Space
- BelowGradeFinishedAreaUnits: Square Feet
- NetOperatingIncome: 48000
- GrossIncome: 48000
- StructureType: Multi Family
- Sewer: Sewer Connected
- FarmLandAreaSource: Public Record
- LotDimensionsSource: Public Records
- WaterSource: Public Water
- ConstructionMaterials: Aluminum/Vinyl
- BeastPropertySubType: Multifamily
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Estimated market value
$310,500