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Key Details
Sold Price $326,000
Property Type Multi-Family
Sub Type Multi Family,Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision City Of Marietta-Bricewood
MLS Listing ID 10709595
Year Built 1948
Annual Tax Amount $3,519
Tax Year 2025
Lot Size 6,490 Sqft
Property Sub-Type Multi Family,Duplex
Property Description
SWEET JUST GOT SWEETER! $25,0000 price reduction! FANTASTIC OPPORTUNITY to gain a wonderful Rental Income Investment! This is a Duplex with Two Units. 493 and 495 Birney Street - both with leases in place until 2/24/2027 with steady and reliable tenants. 493 Birney is a 2 bed 1 bath unit and 495 Birney has a finished basement providing a 3 bedroom 2 bath unit which is rare for this area. Walkable to Marietta Square and convenient to transportation. This is a GREAT OPPORTUNITY! 495 Birney is leased for $1750 per year and 493 Birney is leased for $1400 with a cap rate of 7.8% this is an opportunity not to be missed! The duplex is next door to the park/playground/pavilion making it easy for playing and entertaining of families. The NOI is calculated on annual income of $37800 with the expenses calculated on taxes/insurance of $5519 and accrual of 10% of income for expenses (which is an estimate of over what is currently being spent). To provide an easy purchasing experience the Seller is installing a new dishwasher and new flooring in 495 Birney and the ROOF IS ONE YEAR OLD! Please do not disturb the tenants and a 24 hour notice is required for showings. This is the perfect opportunity to purchase a Residential Rental Income Investment!
Location
State GA
County Cobb
Interior
Heating Central, Dual, Forced Air, Natural Gas
Cooling Ceiling Fan(s), Central Air, Dual, Electric
Fireplaces Number 2
Exterior
Parking Features Parking Pad, Kitchen Level
Garage Spaces 4.0
Community Features None
Utilities Available Electricity Individual Meters, Gas Individual Meters, Sewer Connected, Water Individual Meters
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Wood Siding
New Construction No
Schools
Elementary Schools Burruss
Middle Schools Marietta
High Schools Marietta
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Resale
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