Turn-Key, 6-Unit in Prime VA Highland nieghborhood, $17K in Recent Upgrades. $7,265 current monthly gross. Rare opportunity to own a fully occupied, low maintenance 4-sided brick 6-plex, steps from the Beltline and Ponce City Market. This is a true "buy and hold" asset: the seller just invested $17K addressing inspection items to ensure the property is in excellent condition for the next owner. Low Overhead: Units are separately metered for gas/electric (tenant paid). Tenants pay a flat water fee (included in monthly gross income figure). Infrastructure: Recently replaced water/sewer mains. Freshly painted exterior. Each unit features its own washer/dryer and electric wall unit HVAC. Stability: 100% occupancy with a history of reliable, on-time payments; half of the tenants have been there for 3-6 years. Note: 35% min down for DSCR. No seller/creative financing. Showings granted during due diligence with accepted offer.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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