NOT LISTED FOR SALE

Estimated Value: $215,000 - $233,866

3 Beds
2 Baths
1,144 Sq Ft
$196/Sq Ft Est. Value

Last Sold April 07, 2021

Last sale price $1,945,000 $1,700 Per Sq Ft

Current estimated payment $1,486/month

14 Days on Market

Highlights

  • City View
  • 1-Story Property
  • Central Heating and Cooling System
  • Shutters
  • Four Sided Brick Exterior Elevation

About This Home

As of April 2021

Opportunity to acquire a portfolio of 21 fully-leased, single family homes and townhouse units with stable income and strong upside in South Atlanta. The properties all lie within Clayton County within the cities of Jonesboro, Riverdale, Hampton and Morrow. Located minutes from Hartsfield-Jackson Atlanta International Airport and conveniently located just off Interstate 75, minutes from Downtown Atlanta.

All of the units are 2 or 3 bedroom single family homes and townhomes. Tenants pay for all utilities and landscape maintenance.

Please do not disturb tenants. 100% Occupancy
7.1% existing cap rate
Under-market rents with upside potential
Strong rental demand
Mix of 2 and 3 bedroom single family homes and townhomes
Separate meters and systems - tenants pay all utilities
Tenants maintain landscaping
Growing area in south Atlanta
Please do not visit site without an appointment.
Please do not disturb management or tenants.

Last Listed By

Andy Lundsberg

Bull Realty, Inc. License #256959 Listed on: 12/18/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,157

Year Built

  • Built in 1973

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 188 x 78
  • Back Yard Fenced
  • Sloped Lot

Home Design

  • Shingle Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1-Story Property
  • Shutters
  • City Views

Parking

  • 2 Parking Spaces
  • Driveway

Schools

  • Brown - Clayton Elementary School
  • Mundys Mill Middle School
  • Mundys Mill High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Phone Available
  • Cable TV Available

Community Details

  • 21 Units

Listing and Financial Details

  • Assessor Parcel Number 06065C B020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,157

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Condition: Resale
  • Year Built: 1973
  • Levels Stories: One
  • Special Features: None
  • Property Sub Type: MultiFamily

Property Details

  • Property: Residential Income

Interior Features

  • Window Features: Shutters

Exterior Features

  • Construction Materials: Brick 4 Sides
  • Roof Type: Shingle
  • Fencing: Back Yard
  • View: City

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Heating: Central
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available

Schools

  • Elementary School: Brown - Clayton
  • Middle School: Mundys Mill
  • High School: Mundys Mill

Lot Info

  • Acres: 0.3366
  • Lot Features: Sloped
  • Lot Dimensions: 188 x 78
  • Parcel Number: 06065C B020
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Multi Family

  • Unit Count: 1
  • Number Of Units Total: 21

Tax Info

  • Taxes: 1157.00
  • Assessor Parcel Number: 06-0065C-00B-020
  • Additional Assessor Parcel Numbers: 13-0209A-00C-001, 05-0246C-00A-009, 13-0242C-00A-039, 13-0239C-00E-004, 13-0183A-00E-037, 13-0247C-00G-005, 13-0247C-00D-004, 12-0015C-00A-006, 05-0246B-00D-011, 05-0246A-00A-005, 13-0185B-00B-006, 13-0171D-00A-065, 13-0171B-00C-067, 13-0150C-00C-004, 12-
  • Close Date: 2021-04-07
  • Tax Year: 2019

MLS Schools

  • Elementary School: Brown - Clayton
  • High School: Mundys Mill
  • Middle School: Mundys Mill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2022
Sold by
Landa Properties Llc
Bought by
Landa App Llc and 10167 Port Royal Court Jonesboro Ga Llc
Total Days on Market
14
Current Estimated Value
$224,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
3.22%
Mortgage Type
Mortgage Modification

Purchase Details

Listed on
Dec 18, 2020
Closed on
Apr 7, 2021
Sold by
Atlanta Growth Fund I Llc
Bought by
Landa Properties Llc
Seller's Agent
Andy Lundsberg
Bull Realty, Inc.
Buyer's Agent
Andy Lundsberg
Bull Realty, Inc.
List Price
$2,050,000
Sold Price
$1,945,000
Premium/Discount to List
-$105,000
-5.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-40.78%
Original Mortgage
$1,571,250
Interest Rate
3.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2016
Sold by
Us Of America
Bought by
Atlanta Growth Fund I Llc

Purchase Details

Closed on
May 21, 2013
Sold by
Sonniers Happy Ever After
Bought by
United States Of America

Purchase Details

Closed on
Jan 6, 2012
Sold by
Federal National Mortgage Association
Bought by
Sonniers Happy Ever After Corp

Purchase Details

Closed on
Aug 2, 2011
Sold by
Bank Of America Na
Bought by
Federal National Mtg Associati

Purchase Details

Closed on
Feb 26, 2008
Sold by
Anmac Properties Llc
Bought by
Mccabe Nicholas

Purchase Details

Closed on
Feb 5, 2008
Sold by
Us Bank Na
Bought by
Anmac Properties Llc

Purchase Details

Closed on
Oct 2, 2007
Sold by
Williams Terian A and Williams Tamara
Bought by
Us Bank Na

Purchase Details

Closed on
Mar 10, 2005
Sold by
Hud
Bought by
Williams Tamara and Williams Terian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,175
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2004
Sold by
Wells Fargo Bank Na
Bought by
Va

Purchase Details

Closed on
Dec 31, 2001
Sold by
Thompson Alfred and Thompson Deborah
Bought by
Kennedy Mitch

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.08%
Mortgage Type
VA

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Landa App Llc -- --
Landa Properties Llc $1,945,000 --
Atlanta Growth Fund I Llc $47,000 --
United States Of America -- --
Sonniers Happy Ever After Corp $21,900 --
Federal National Mtg Associati $19,900 --
Bank Of America Na $19,900 --
Mccabe Nicholas -- --
Anmac Properties Llc $45,000 --
Us Bank Na $64,600 --
Williams Tamara -- --
Va -- --
Wells Fargo Bank Na $93,418 --
Kennedy Mitch $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Landa App Llc $82,500
Previous Owner Landa Properties Llc $1,571,250
Previous Owner Williams Tamara $82,175
Previous Owner Kennedy Mitch $16,063
Previous Owner Kennedy Mitch $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2021 04/07/21 Sold $1,945,000 -5.1% $1,700 / Sq Ft
12/18/2020 12/18/20 For Sale $2,050,000 -- $1,792 / Sq Ft
Source: First Multiple Listing Service (FMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,882 $73,880 $7,200 $66,680
2023 $2,673 $74,040 $7,200 $66,840
2022 $2,342 $59,680 $7,200 $52,480
2021 $1,596 $40,400 $7,200 $33,200
2020 $1,248 $31,198 $7,200 $23,998
2019 $1,157 $28,501 $6,400 $22,101
2018 $1,020 $25,132 $6,400 $18,732
2017 $0 $22,291 $6,400 $15,891
2016 $0 $23,324 $6,400 $16,924
2015 -- $0 $0 $0
2014 $822 $20,662 $8,000 $12,662
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6820279

First Multiple Listing Service (FMLS)

APN: 06-0065C-00B-020