$350,000
$365,000
4.1%For more information regarding the value of a property, please contact us for a free consultation.
1,742 Sqft Lot
SOLD DATE : 03/28/2025
Key Details
Sold Price $350,000
Property Type Multi-Family
Sub Type Multi Family,Townhouse
Listing Status Sold
Purchase Type For Sale
Subdivision Ellison Lake
MLS Listing ID 10457934
Sold Date 03/28/25
HOA Fees $275
HOA Y/N Yes
Originating Board Georgia MLS 2
Year Built 2005
Annual Tax Amount $4,033
Tax Year 2024
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 1742.4
Property Sub-Type Multi Family,Townhouse
Property Description
High-Return Investment Opportunity with Tenant in Place! Secure a generous cap rate of nearly 7% with this meticulously maintained 3-bedroom, 2.5-bath townhome, built in 2005. Offering instant cash flow, a reliable tenant is already in place and eager to continue their lease at $2,750 per month, making this a truly turn-key investment. The property boasts numerous recent upgrades, minimizing future expenses and maximizing your ROI. Enjoy peace of mind with a new roof (2023), new water heater and PRV (2024), and new garage door openers (2023). The HVAC condenser unit is less than 5 years old, and the beautifully remodeled kitchen (2022) features stainless steel appliances, tile floors, and granite countertops Co appealing to todayCOs renters. Located near Kennesaw State University, Kennestone Hospital, and Kennesaw Mountain, the property also provides convenient access to Marietta Square, The Battery, I-75, and I-575. The spacious end-unit layout includes a large loft, upstairs laundry, and walk-in closets, further enhancing its appeal. Benefit from a community with no rental cap, allowing for maximum investment potential. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location.
Location
State GA
County Cobb
Rooms
Basement None
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Fireplaces Number 1
Fireplace Yes
Exterior
Parking Features Garage
Garage Spaces 4.0
Community Features Clubhouse, Pool, Sidewalks, Street Lights, Tennis Court(s), Near Public Transport, Walk To Schools, Near Shopping
Utilities Available Electricity Individual Meters, Gas Individual Meters, Sewer Connected, Underground Utilities
View Y/N No
Total Parking Spaces 4
Garage Yes
Private Pool No
Building
Faces Located just off of Cobb Parkway between Barrett and McCollum. GPS freindly.
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Other,Wood Siding
New Construction No
Schools
Elementary Schools Hayes
Middle Schools Pine Mountain
High Schools Kennesaw Mountain
Others
HOA Fee Include Maintenance Grounds,Private Roads,Reserve Fund,Sewer,Swimming,Tennis,Trash,Water
Tax ID 20017500720
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Resale
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