2331 Peachwood Circle NE - Quadruplex Investment Opportunity by James Robbins

MODERNIZED QUADR APLEX INVESTMENT OPPORTUNITY

E X C L U S I V E LY L I S T E D B Y E N G E L & V Ö L K E R S AT L A N TA

JAMES ROBBINS

VIEW 3D TOUR

Turn-key Quadraplex Investment Opportunity 2331 PEACHWOOD CIR NE AT L A N TA , G A 3 0 3 4 5 8 B E D | 8 B AT H O F F E R E D AT $ 1 , 1 9 9 , 0 0 0 ATTENTION INVESTORS: Here’s an opportunity for a turn key Quadraplex inside the Perimeter! Can be anywhere in Metro-Atlanta within minutes! Total gut renovation completed in 2019 and units are currently vacant!

All 4 homes completely brand new with identical finishes and stainless steel appliances. Features brand new windows, doors, and lighting fixtures. All units have 2 spacious bedrooms and 2 bathrooms.

8 assigned parking spaces with extra guest parking.

All homes have new decking and rear entrance/exits.

No HOA is currently established, builder is currently maintaining property.

New Children’s Hospital under construction nearby and within minutes to CDC Century Center campus.

Extensive greenway project underway will eventually connect the Silver Comet, walking and bike paths!

Average Rent in the area

INCOME Rental Income Per Unit

$1,500

$1,600

$1,800

Total Rental Income 4 Units x 12 Months

$72,000

$76,800

$86,400

EXPENSES Property Taxes

$5,452

Insurance

$1,615

Landscaping ($120 x 12)

$1,440

Common Space Electricity (~$25 per month) Other & Miscellaneous (to account for everything else)

Building is 100% new. Repairs & miscellaneous expenses will be minimal for many years. Tenant security deposit covers the rest.

$300 $2,000 $10,807

NET INCOME $61,193

$65,993

$75,593

PURCHASE PRICE BASED ON NET INCOME AT VARIOUS CAP RATES 6% Cap Purchase Price

$1,019,883

$1,099,883

$1,259,883

5% Cap Purchase Price

$1,223,860

$1,319,860

$1,511,860

4% Cap Purchase Price

$1,529,825

$1,649,825

$1,889,825

Expenses write-offs

$10,807

$10,807

$10,807

Annual Depreciation Estimate

$43,650

$43,650

$43,650

Tax benefit assuming 32% tax bracket

$17,426

$17,426

$17,426

$72,612

$82,212

CONSIDERATION FOR TAX BENEFIT

CONSIDERATION FOR TAX BENEFIT: TOTAL NET OPERATING PROFIT $67,812

PURCHASE PRICE BASED ON NET OPERATING PROFIT AT VARIOUS CAP RATES 6% Cap Purchase Price

$1,130,204

$1,210,204

$1,370,204

5% Cap Purchase Price

$1,356,245

$1,452,245

$1,644,245

4% Cap Purchase Price

$1,695,306

$1,815,306

$2,055,306

$1,900

$2,000

$2,100

$2,200

$2,300

$2,400

$2,500

$91,200

$96,000

$100,800

$105,600

$110,400

$115,200

$120,000

$80,393

$85,193

$89,993

$94,793

$99,593

$104,393

$109,193

$1,339,883

$1,419,883

$1,499,883

$1,579,883

$1,659,883

$1,739,883

$1,819,883

$1,607,860

$1,703,860

$1,799,860

$1,895,860

$1,991,860

$2,087,860

$2,183,860

$2,009,825

$2,129,825

$2,249,825

$2,369,825

$2,489,825

$2,609,825

$2,729,825

$10,807

$10,807

$10,807

$10,807

$10,807

$10,807

$10,807

$43,650

$43,650

$43,650

$43,650

$43,650

$43,650

$43,650

$17,426

$17,426

$17,426

$17,426

$17,426

$17,426

$17,426

$87,012

$91,812

$96,612

$101,412

$106,212

$111,012

$115,812

$1,450,204

$1,530,204

$1,610,204

$1,690,204

$1,770,204

$1,850,204

$1,930,204

$1,740,245

$1,836,245

$1,932,245

$2,028,245

$2,124,245

$2,220,245

$2,316,245

$2,175,306

$2,295,306

$2,415,306

$2,535,306

$2,655,306

$2,775,306

$2,895,306

James Robbins • Engel & Völkers Atlanta 1745 Peachtree St • Atlanta • GA 30309 Office +1 404-845-7724 • Mobile +1 404-452-4006 james.robbins@evatlanta.com jamesrobbins.evatlanta.com

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