271 Wright St, Winder, Georgia 30680

$219,900
List Price
$219,900
Closing Date
Oct 18, 2021
MLS#
9049611
Type
Multifamily
City
Winder
County
Barrow
Year Built
1983

Property Description

Property also known as 60 Oak Hill Ct. ALL SHOWINGS ABSOLUTELY BY APPOINTMENT ONLY AND ONLY AFTER WRITTEN OFFER PRESENTED. Using 20% expense ratio and projected NOI of $16,320, cap rate is 7.4%. Full and stabilized duplex property for many years, with 1.02 acre lot on cul-de-sac. Current leases end in December and in May. Both units are in good condition and both have newer stoves and refrigerators. Water: North Georgia Water Systems. Each tenant pays their own account. Garbage: White Oak Sanitation, individual cans. Management pays. Electricity: Georgia Power. Each tenant pays their own account. Cable/Internet: Charter. Each tenant pays their own account. Grass: Management pays landscape costs. Expenses in 2020 were around $3,200 per year, which is just 16% of revenue: Insurance $700 Lawn Care $300 Septic $450 Tree work $200 Miscellaneous $250 Pest control $ 65 Property Tax $870 Garbage $375

Additional Information

Elementary School
Holsenbeck
High School
Winder Barrow
Parking
2 Car
Tax Year
2020

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Atlanta Real Estate & Mortgage.

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