For Sale
$279,500

7145 Stonecreek Dr Douglasville, GA 30134

High-Yield Apartment, 6.25% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a single-unit apartment building located at 7145 Stonecreek Drive, Douglasville, Georgia 30134. Built in 1989, this Class B property is priced at $279,500 and boasts a compelling 6.25% capitalization rate. The property features three bedrooms and two full bathrooms, offering immediate rental income with a signed lease extending through November 2024. Recent upgrades significantly enhance the property's value and appeal to tenants. These include a new water heater (installed within the last year), a three-year-old HVAC system, and brand new electric stove and microwave. The bathrooms and kitchen have also been updated with new sinks and faucets, and new vinyl plank flooring has been installed in the master bathroom, hall bathroom, kitchen, eating area, two bedrooms, and a small hallway. New blinds have been installed throughout the unit. The property is fully landscaped, adding to its curb appeal and overall desirability. This turnkey investment is ready for a new owner to enjoy immediate cash flow and strong potential for future appreciation. The property's location in Douglasville, Douglas County, provides convenient access to local amenities and transportation. This is a rare opportunity to acquire a well-maintained, high-yield investment property in a desirable location.

Highlights

  • Exceptional investment opportunity: 3 bed, 2 bath single-family home in Douglasville, GA, priced at $279,500.
  • Boasts a 6.25% capitalization rate with a lease in place through November 2024.
  • Recent upgrades include a new water heater, HVAC system, kitchen appliances, and updated bathrooms and flooring.
  • Fully landscaped with excellent curb appeal.
  • Turnkey investment offering immediate cash flow and strong appreciation potential in a desirable Douglasville location.

Property Details for 7145 Stonecreek Dr

Property type
Apartment buildings
Class
B
Year Built
1989
Units
1

Location Insight

City
Douglasville
County
Douglas
State
Georgia
Latitude
33.7654226
Longitude
-84.7619618

FAQs

What type of property is this?
Apartment building - High-Yield Apartment, 6.25% Cap Rate
Where is the apartment building located?
The property is located at 7145 Stonecreek Dr Douglasville, GA.
What is the asking price?
The asking price for this property is $279,500.
What are key features of this property?
This property features: Exceptional investment opportunity: 3 bed, 2 bath single-family home in Douglasville, GA, priced at $279,500.; Boasts a 6.25% capitalization rate with a lease in place through November 2024.; Recent upgrades include a new water heater, HVAC system, kitchen appliances, and updated bathrooms and flooring.
How can I contact the broker?
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7145 Stonecreek Dr
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