Courtesy of: Janice Overbeck, Keller Williams Realty Atlanta North, offers@janiceoverbeck.com
Courtesy of: Janice Overbeck, Keller Williams Realty Atlanta North, offers@janiceoverbeck.com
$625,000
|
Lot: 0.05 Acres
|
|
Other
|
$625,000
145 Hunters Lane Excellent opportunity to own a fully leased quadplex with strong in-place income and additional upside potential. This all-brick property offers durability, consistent returns, and rental growth opportunity. Each of the four units features 2 bedrooms and 1 full bathroom with a functional layout for tenants. The property is currently generating $5, 390 per month ($64, 680 annually) with rents of $1, 200, $1, 400, $1, 440, and $1, 350. Recent improvements include a new water heater (12/2024) and new 2-ton HVAC unit (1/2024) in Unit 1, a new water heater (12/2019) in Unit 3, and a new water heater (6/2025), new 2-ton HVAC unit (2/2024), and new refrigerator (3/2024) in Unit 4. At a purchase price of $625, 000 with 6% operating expenses ($3, 881 annually), the property produces a Net Operating Income (NOI) of $60, 799, reflecting a 9.73% cap rate. With 20% down ($125, 000) and a $500, 000 loan at 6% interest on a 30-year amortization, estimated debt service is approximately $2, 998 per month ($35, 976 annually), resulting in projected pre-tax cash flow of $24, 823 annually, or approximately $2, 068 per month. Pro-forma opportunity: If all four units were leased at $1, 440 per month, total gross income would increase to $69, 120 annually. With 6% operating expenses ($4, 147), projected NOI improves to approximately $64, 973, increasing the cap rate to 10.40%. Under the same financing terms, projected annual pre-tax cash flow increases to approximately $28, 997, or $2, 416 per month.
Courtesy of: Janice Overbeck, Keller Williams Realty Atlanta North, offers@janiceoverbeck.com
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.