$148K+ NOI | 7.83% CAP | 8 PADSplit UNITS | VALUE-ADD UPSIDE
INCOME IN PLACE
8 units currently operating on PadSplit Approximately $18,047/month gross income
2 units leased traditionally $1,400/month each $2,800/month combined
2 units vacant + turnkey Ready to lease immediately
Current annualized gross income: ~$204,869
THE NUMBERS
At the $1.9M asking price:
NOI: ~$148,880/year CAP RATE: ~7.83% Price/Unit: $158,333
And this is based on the current operating performance — before fully monetizing the two vacant units.
VALUE-ADD OPPORTUNITY
The buyer isn’t walking into a vacant or distressed property hoping to create income.
The income is already there.
8 PadSplit units are operating today, producing approximately $14K/month, while 2 additional units are leased traditionally.
The remaining 2 turnkey vacant units provide an immediate opportunity to increase NOI.
A NEW OWNER CAN POTENTIALLY:
Lease them traditionally Convert them to PadSplit Improve the existing operating income Increase NOI and create additional property value
WHY THIS DEAL?
12-unit Atlanta multifamily $1.9M asking price ~7.83% current cap rate $148K+ current NOI 8 PadSplit units producing income 2 traditional leases in place 2 turnkey vacant units $204K annualized gross income Proven PadSplit operating model **$158K/unit** Immediate value-add upside
At $1.9M, you’re buying an income-producing 12-unit property at a sub-$160K/unit basis, with 10 units currently generating income and 2 additional turnkey units ready to be monetized.
Serious investors — message/email me for the Rent Roll, T-12, financials, and full deal package.
GABRIELFRANCOREALESTATE@GMAIL.COM
415-209-4580
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ARV $2,300,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $1,797,000.
