4077 Ballina DrDecatur, GA 30034

Property Details for 4077 Ballina Dr

Property type

Residential income homes

Description

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.

Location Insight

City

Decatur

County

DeKalb

State

Georgia

Latitude

33.687

Longitude

-84.2211

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