USAGAEast PointRiver Park2718 Miles Cir
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$429,000

Sold

3 years ago

2718 Miles Cir, East Point, GA

House

MLS® 10205004

5 Bed

3 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size -
Garage No
Taxes $3,499
Lot Size 0.33 acres
Approx. Age 1950
MLS® Number 10205004

Property Address: 2718 Miles Cir, East Point, GA, 30344-3713

Average square foot calculated using Size range provided by listing agent.

Description

Rentals are in high demand and this triplex is located in a quickly growing part of East Point. Situated a few miles south of the Beltline, Wellstar East Point Health Center, and local schools. Conveniently next to a Chick-fil-a, Jefferson Park, & accessible Marta stops. This is a great opportunity to get into an area that has been on the rise! Several brand new upgrades to the property including a brand new roof and hardy plank siding. New paint on ext. And new gutter/downspouts. Interior upgrades include new shower plumbing and floor joists. Great deal to increase rents on this property as current rents are under the market rate! Upside potential of 7% cap rate - with the potential increase of $600/month. Each unit can go up an additional $200+/month. Current tenants are on a month to month lease and each unit has its own electricity meter. Annual Rent Revenue; $33, 600/yr Property tax: $3, 600/yr water/sewer currently covered by landlord, $3000/yr R&M/ Lawn : $2, 400/yr Net Income: $27, 600/yr, increased rents could net $34, 080.
MLS® Number10205004
Laundry LevelOther
Central VacNo
FireplaceNo
Acreage0.33
Exterior
GarageNo
Approx. Age1950
BasementFinished Bath, Exterior Entry, Finished, Full
DrivewayOff Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Oct 20, 2023End Date
$320,000Sold Price

Sold

Apr 27, 2023List Date
$429,000List Price
  • Commute

Commute

Starting Address
Destination Address
2718 Miles Cir, East Point, GA

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