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GreenBridge Holdings

382 Listings


Property Description

Additional Information

Cash Price for Both Units (One Building)
$53,800

1214 & 1220 Willow Creek Ct NW
Conyers Ga 30012
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Rockdale County

Town House (Forest Villa Subdivision)
1214 Unit - 2 Bedrooms, 1 Bathroom
1220 Unit - 2 Bedrooms, 1 Bathroom
2000sqft Total (1000sqft Each)
HOA - $132/mth Each side (Only covers exterior Maintence)
Built 1975
Tenant Occupied on Both Sides - $1100/mth. Each Tenant Pays $550/mth.
2015 Property Tax - $749/yr ($380 and $369)
Today we've got 2 more Townhouses in Conyers. The 2 units are the same building. Both sides are occupied with tenants, each paying $550/mth. The tenants are on annual leases. This property appears to be in good condition and doesn't need any major work.

Estimated ROI
Purchase Price - $53,800
Rent - $1100 x 12/mth = $13,200/yr
Estimated Property Management (10%) - $1,320/yr
HOA - $264/mth x 12 = $3,168/yr
Insurance - $800/yr
Net Income - $7912/yr
Est. Net ROI - 7912/$53,800 = 14-15%
Access - Appointment to view inside

Closing terms
Halperin and Lyman
2k Earnest money due with accepted contract.
Cash Only, AS-IS Sale
Buyer must be able to close in 10 days or sooner.
***Agents/Wholesalers - Add your required commission to the sales price
Buyers Please Do Your Own Due Diligen

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