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Multi-family investment property | Two 2 bedroom, 1 bath residences Offered for sale at $84,000 ©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED


Built in 1950, this beautifully restored, fully rented duplex has everything that in-town renters look for: hardwood floors throughout, ----- as well as close proximity to several major universities and in-town Atlanta’s many cultural attractions, shops, restaurants entertainment venues and vibrant nightlife. This property represents a rare opportunity to buy a turn-key multi-family real estate investment at below-market pricing and that’s producing a positive cash flow from the first day of ownership. Flip to the next page to learn more and see photographs of this exceptional property…

Great duplex with an over-sized lot

Just renovated, new appliances & HVAC

Generating revenue from day one ©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED


Originally built in 1950 and sitting on about a fifth of an acre of land, this beautifully renovated duplex has a total of 1,360 square feet of living area – each half with two bedrooms and one bath. ---- hardwood flooring and baseboard molding throughout, this home attracts young urbanites who appreciate its curb appeal and convenient in-town location. ©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED


Located in -----–– this multifamily property is ideal for the buyer who’s looking for a turn-key investment that’s priced to sell. This charming duplex has been completely restored, all systems either replaced or serviced and has had all new appliances installed. And, it comes complete with tenants with perfect on-time payment histories - so your return on investment starts the day you close.

Quick Facts… ---------

©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED


Proximity to local super markets, pharmacies, restaurants, book stores and other popular destinations Destination

Miles

Destination

Miles

Publix Super Market

.69

Kroger

1.20

Southern Super Market

.11

Westend Ace Hardware

.79

Grounds Coffee House

.70

Philips Arena

1.63

Pizza Pie

.75

Jones Elementary School

.13

KFC

.53

Busy Bee Café

.71

Dargan Park

.39

Soul Vegetarian Restaurant

.83

Morehouse College

.51

Ashby Street Rib Shack

.53

Washington Park Library

.39

Dunkin’ Donuts

.77

Absoloot Boxing

1.10

Wasabi Sushi Wine & Ake Lounge

1.47

CVS Pharmacy

.82

Elliot Street Deli

1.52

Atlanta Pharmacy

.70

Washington High School

.37

Rainbow Children’s Clothing

.74

Clark Atlanta University

.65

Fantasy Fitness

1.26

Morris Brown College

.98

©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED


The photographic tour ©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED


Units --------

The current occupant of Unit A is an educator at an area middle school and the current occupant of Unit B is ---

©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED


Original hardwood flooring with Hydro-CoatTM for durability and lower maintenance costs.

©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED


…and floors that are as durable as they are glossy

©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED


Elegant and softly lit with halogen fixtures, this space makes a perfect gallery

©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED


Newly installed cabinetry & all new appliances rest a top a long-lasting tile floor

©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED


©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED


While home prices may have stabilized – or even started to increase – in many areas lately, how have home values in this neighborhood performed by comparison?

Period

Total appreciation

Average annual rate

Compared to GA (10 is highest)

Compared to America (10 is highest)

142.55%

7.50% 



Last 10 years

70.57%

7.05% 



Last 5 years

31.96%

6.39% 



Last 2 years

7.43%

3.71% 



Last 12 months

2.30%

2.30% 



Latest quarter

2.75%

Since 1990

11.00% 



Source: neighborhoodscout.com

©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED


Asking price

$84,000

Annual rents

$12,600

Taxes & insurance

$1,970

Yield

15.0% Month

Year

Unit A

$525

$6,300

Unit B

$525

$6,300

$1,050

$12,600

Total Financing scenario

Down payment

Note: All figures are based on cash flow only and do not include any potential gain from an appreciation in the value of the property – which could add substantially to the actual return of this investment over time.

Interest Exp (Year 1)

Free cash flow (Year 1)

Return on investment

80% @ 6%

$16,800

$4,010

$8,590

51.1%

70% @ 6%

$25,200

$3,508

$9,092

36.1%

50% @ 6%

$42,000

$2,506

$10,094

24.0%

All cash

$84,000

$0

$12,600

15.0%

©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED


©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED


Please contact: Bru Krebs, Broker Prime Real Estate 1544 Piedmont Road, NE, Suite 314 Atlanta, GA 30324 404-685-3774 404-745-8384 fax

©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED


230 Rosser St SW, Atlanta, GA 30314 - For Sale