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
Listing courtesy of Atlanta Real Estate & Mortgage.
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