Closed /
MLS #9047100 /
Commercial / Mixed Use /
Riverdale
Listing information updated 9/4/2024 at 11:28am
4 Individual Units For Sale - Buy all 35 units - Nov20-Oct21 NOI was $1.4Million and increasing! Turn-key investment, non-owner occupied, with management in place to operate the business, direct deposit investors townhome profit monthly with detailed financial reportings. Annual investors meeting. Buy one townhome or buy several! Cash only, No seller financing. For sale are 35 2-story townhomes with 31 being 9Br/9Ba at approximately $39K/ea NOI annually priced at $375k/ea, and 4 being 9Br/4Ba, at approximately $37K/ea NOI annually priced at $325k/ea, each about 2,880 ft2 with shared common area, kitchen and pay laundry room. Each guest bedroom includes high-speed wireless internet access, dish tv channels, a refrigerator, microwave, closet, chair, dresser and a full sized bed. All room inventory transfers as part of the sale. Guests pay daily or weekly. Full offering details with signed Confidentiality Agreement. Do not disturb or make inquiries of guests or management team - contact broker only. Strategically located near Hartsfield-Jackson Atlanta International Airport district, Marta bus routes and on Georgia Highway 85, this multifamily community is designed as co-living shared space and has had steady cash flows for years. Each townhome has its own rooming and boarding house business license. Sound timely investment - cosharing and community living is growing in popularity in the United States. New take on old solution. Coliving is a modern form of communal living in which guests get a private furnished bedroom with shared common areas. Coliving is attractive to guests due to affordability, flexibility, no lease, included amenities, and a sense of community. ?Desirable and Proven investment with consistent high occupancy rates even during the Pandemic ?Great return with potential upside - Start out with double digit return which will increase as occupancy payments increase whether cash or financed. METRO ATLANTA Location - On a heavily traveled state highway and visible from the street and strategically located near the busiest airport in the world with access to public transportation.
