MODERNIZED QUADR APLEX INVESTMENT OPPORTUNITY
E X C L U S I V E LY L I S T E D B Y E N G E L & V Ö L K E R S AT L A N TA
JAMES ROBBINS
VIEW 3D TOUR
Turn-key Quadraplex Investment Opportunity 2331 PEACHWOOD CIR NE AT L A N TA , G A 3 0 3 4 5 8 B E D | 8 B AT H O F F E R E D AT $ 1 , 1 9 9 , 0 0 0 ATTENTION INVESTORS: Here’s an opportunity for a turn key Quadraplex inside the Perimeter! Can be anywhere in Metro-Atlanta within minutes! Total gut renovation completed in 2019 and units are currently vacant! All 4 homes completely brand new with identical finishes and stainless steel appliances. Features brand new windows, doors, and lighting fixtures. All units have 2 spacious bedrooms and 2 bathrooms. 8 assigned parking spaces with extra guest parking. All homes have new decking and rear entrance/exits. No HOA is currently established, builder is currently maintaining property. New Children’s Hospital under construction nearby and within minutes to CDC Century Center campus. Extensive greenway project underway will eventually connect the Silver Comet, walking and bike paths!
Average Rent in the area
INCOME Rental Income Per Unit
$1,500
$1,600
$1,800
Total Rental Income 4 Units x 12 Months
$72,000
$76,800
$86,400
EXPENSES Property Taxes
$5,452
Insurance
$1,615
Landscaping ($120 x 12)
$1,440
Common Space Electricity (~$25 per month) Other & Miscellaneous (to account for everything else)
Building is 100% new. Repairs & miscellaneous expenses will be minimal for many years. Tenant security deposit covers the rest.
$300 $2,000 $10,807
NET INCOME $61,193
$65,993
$75,593
PURCHASE PRICE BASED ON NET INCOME AT VARIOUS CAP RATES 6% Cap Purchase Price
$1,019,883
$1,099,883
$1,259,883
5% Cap Purchase Price
$1,223,860
$1,319,860
$1,511,860
4% Cap Purchase Price
$1,529,825
$1,649,825
$1,889,825
Expenses write-offs
$10,807
$10,807
$10,807
Annual Depreciation Estimate
$43,650
$43,650
$43,650
Tax benefit assuming 32% tax bracket
$17,426
$17,426
$17,426
$72,612
$82,212
CONSIDERATION FOR TAX BENEFIT
CONSIDERATION FOR TAX BENEFIT: TOTAL NET OPERATING PROFIT $67,812
PURCHASE PRICE BASED ON NET OPERATING PROFIT AT VARIOUS CAP RATES 6% Cap Purchase Price
$1,130,204
$1,210,204
$1,370,204
5% Cap Purchase Price
$1,356,245
$1,452,245
$1,644,245
4% Cap Purchase Price
$1,695,306
$1,815,306
$2,055,306
$1,900
$2,000
$2,100
$2,200
$2,300
$2,400
$2,500
$91,200
$96,000
$100,800
$105,600
$110,400
$115,200
$120,000
$80,393
$85,193
$89,993
$94,793
$99,593
$104,393
$109,193
$1,339,883
$1,419,883
$1,499,883
$1,579,883
$1,659,883
$1,739,883
$1,819,883
$1,607,860
$1,703,860
$1,799,860
$1,895,860
$1,991,860
$2,087,860
$2,183,860
$2,009,825
$2,129,825
$2,249,825
$2,369,825
$2,489,825
$2,609,825
$2,729,825
$10,807
$10,807
$10,807
$10,807
$10,807
$10,807
$10,807
$43,650
$43,650
$43,650
$43,650
$43,650
$43,650
$43,650
$17,426
$17,426
$17,426
$17,426
$17,426
$17,426
$17,426
$87,012
$91,812
$96,612
$101,412
$106,212
$111,012
$115,812
$1,450,204
$1,530,204
$1,610,204
$1,690,204
$1,770,204
$1,850,204
$1,930,204
$1,740,245
$1,836,245
$1,932,245
$2,028,245
$2,124,245
$2,220,245
$2,316,245
$2,175,306
$2,295,306
$2,415,306
$2,535,306
$2,655,306
$2,775,306
$2,895,306
James Robbins • Engel & Völkers Atlanta 1745 Peachtree St • Atlanta • GA 30309 Office +1 404-845-7724 • Mobile +1 404-452-4006 james.robbins@evatlanta.com jamesrobbins.evatlanta.com
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