Our property is a turnkey duplex located in Marietta and 1 mile away from the square. This duplex property is ready for two tenants and does not need any renovations to start receiving cash flow!

• Access: Vacant (Contact for access)
• Close Date: 05/10/2023
• Attorney: McLain & Merritt
• Price: $355k
• ARV: $355k

Comps:

• Sold Comps
• Our sold comp was sold off market for $325k on 02/23/2023 and it's 144 sq ft smaller than our subject property which is 1,710 sqft. Refer to page two to view the sales history for 648 Armstrong.
• Rental Comps
• Rent Zestimate has the monthly rent at $1650 per side

Pictures

• Click Here to See Pictures

Occupancy Information:

• Vacant

High Points:

• Marietta
• Turnkey ready
• 1 mile from the Marietta Square
• 
  

Low Points:

• None

Property Details:

• Property Type: Duplex
• Bedrooms: 4
• Bathrooms: 2
• Year Built: 1943
• Square Footage: 1,710

Cash on Cash ROI: NOI/All in cash

Rev=$3200/month x12= 38,400

Exp= taxes=679, PM, 3840, Ins, 1500, Cap ex, 1500= $7,519

NOI= $30,881

All in cash = price $355,000 + $5,000 repairs

Cash on cash= 8.57%

Cap Rate= NOI/Market value

Rev=$3200/month x12= 38,400

Exp= taxes=679, PM, 3840, Ins, 1500, Cap ex, 1500= $7,519

NOI= $30,881

Market value= $355,000

Cap rate= 8.69%