$326,000

Est. payment - /mo

6,490 Sqft Lot

UPDATED:

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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Cindy Corona

+1(678) 777-7561

Agent | License ID: 339432

Agent License ID: 339432

493 AND 495 NE Birney ST NE Marietta, GA 30060