This is a large 4 bedroom family home located in the popular Atlanta suburb of Lithonia, Georgia. The property is 15 miles East of Downtown in one of the strongest rental markets around Atlanta. Downtown Government and Business offices, Decatur Business District and the local service sector are the main employers. With a NET yield of nearly 11.5%, it’s an ideal property investment plus it is offered fully renovated, with property management in place, a 12 month rental guarantee and a 12 month home warranty program to cover major systems and appliances in the first year.
Past sales from public records show that the property was sold for $166,629 in 2010 (probably foreclosed for this amount) and $145,500 in July 2006. The property sits in a lovely leafy area and is currently under-going full renovation and will be offered with brand new appliances. Having visited the area, we can confirm that this property will be attractive to tenants and future buyers.
Fortune Magazine recently ranked Atlanta as the #1 best investment market, Forbes Magazine ranked Atlanta as the #1 rental market, and US economy rankings show Atlanta as 3rd in job growth and 3rd for most Fortune500 Company Headquarters. (Articles available upon request).
02/14/2012