For Sale
$4,475,000

4077 Ballina Dr Decatur, GA 30034

15-unit rental portfolio, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a portfolio of fifteen single-family rental homes strategically located throughout the high-demand Atlanta metro area, encompassing Decatur, Forest Park, Jonesboro, Douglasville, Stockbridge, Ellenwood, Riverdale, Union City, Morrow, and Lithonia, Georgia. The portfolio boasts a total of 15 properties, a mix of three and four-bedroom homes, generating a substantial gross annual rent of $289,620. The current net operating income (NOI) stands at $177,183, yielding a compelling 3.75% cap rate. Significant value appreciation potential exists due to the properties' location in areas with strong rental demand and the current below-market rents, offering immediate upside. Recent updates and renovations include interior improvements, upgraded landscaping, and well-maintained exteriors. All units feature tile, carpet, or luxury vinyl tile (LVT) flooring. Tenants are qualified and stable, with separate meters and systems ensuring tenants cover all utilities. Landscaping maintenance is the responsibility of the tenants. This turnkey portfolio offers a rare opportunity for investors seeking immediate cash flow and long-term growth in a thriving rental market. The asking price for this exceptional investment is $4,475,000. Specific addresses are available upon request. Please note that appointments are required for viewings, and tenants should not be disturbed.

Highlights

  • $289,620 annual gross rents.
  • Below-market rents offer significant rental growth potential.
  • Portfolio consists of fifteen single-family homes, featuring three- and four-bedroom units.
  • Located in prime Atlanta metro submarkets with strong rental demand and appreciating property values.
  • Units feature updated interiors with tile, carpet, and LVT flooring.
  • Benefit from a qualified and stable tenant base.

Property Details for 4077 Ballina Dr

Property type
Residential income homes
Units
15

Location Insight

City
Decatur
County
DeKalb
State
Georgia
Latitude
33.6869968
Longitude
-84.2210604

FAQs

What type of property is this?
Residential income home - 15-unit rental portfolio, high ROI.
Where is the residential income home located?
The property is located at 4077 Ballina Dr Decatur, GA.
What is the asking price?
The asking price for this property is $4,475,000.
What are key features of this property?
This property features: $289,620 annual gross rents.; Below-market rents offer significant rental growth potential.; Portfolio consists of fifteen single-family homes, featuring three- and four-bedroom units.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4077 Ballina Dr
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