527 Winton Ter, Ne, Atlanta, GA 30308 - For Sale

©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED

Multi-family investment property | Two 2 bedroom, 1 bath residences

Offered for sale at $249,000

©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED©2010 ORME CIRCLE PROPERTIES, LLC | ALL RIGHTS RESERVED | ALL INFORMATION CONTAINED IN THIS DOCUMENT IS BELIEVED ACCURATE BUT IS NOT WARRANTED

Built in 1920, this beautifully restored, fully

rented, craftsman-style duplex has

everything that professional, young in-town

renters look for: hardwood floors throughout,

high ceilings with original crown molding,

fireplaces as well as close proximity to in-

town Atlanta’s many cultural attractions,

shops, restaurants entertainment venues and

vibrant nightlife.

This property represents a rare opportunity to

buy a turn-key multi-family real estate

investment at below-market pricing and

that’s producing a positive cash flow from the

first day of ownership.

Flip to the next page to learn more and see photographs of this

exceptional property…

1920 Craftsman –style bungalow

Renovated, new appliances & HVAC

Generating revenue from day one


Originally built in 1920 and sitting on about a quarter acre of land, this

beautifully renovated duplex has a total of 2,219 square feet of living area - each with two large bedrooms and one bath. Boasting four fireplaces, high ceilings, original hardwood flooring and period crown molding throughout, this home attracts young, urban professionals who appreciate its character, history and convenient in-town location.


Located in the Old Fourth Ward -a neighborhood rich with history –– this multi-family property is ideal for the buyer who’s looking for a turn-key investment that’s priced to sell.

This charming duplex has been completely restored, all systems either replaced or serviced and has had new gutters and brand new appliances installed. And, it comes complete with tenants with perfecton-time payment histories - so your return on investment starts the day you close.

Quick Facts…The average listing price for similar homes for sale in this neighborhood is approximately $247,000 and the average sales price for similar recently sold homes is approximately $243,000. This this multi-family home recently sold for $225,000 on July 30, 2009.


Destination Miles Destination Miles

Kroger .45 Border’s Bookstore .64

Whole Foods Market .64 City Storage .54

Publix .67 Barnes & Noble 1.22

Trader Joe’s .80 Midtown 8 Cinemas .77

CVS Pharmacy .54 Fabulous Fox Theater .92

Walgreen’s Pharmacy .62 Imax Theater 1.21

Urban Body Fitness .57 Plaza Theater 1.06

Highland Athletic Club .51 Cru Urban Lounge .31

Bikram Yoga .57 Midtown Tavern .72

The Home Depot .54 Barraza Coffee Bar .54

Krispy Kreme Doughnuts .55 Java Jive Coffee House .63

Two Urban Licks (Restaurant) .49 Zesto Drive-In .39

Repast (Restaurant) .31 Highland Bakery .53

MF Sushi Bar .54 4th & Swift (Restaurant) .22

Chin-Chin II Chinese .46 Eatz (Restaurant) .42

Proximity to local stores, gyms, restaurants, book stores and other popular destinations


The photographic tour


Residence

This apartment shows especially well to

prospective tenants and rents with ease.

The living room runs the full length of the

front of the house and is large enough to

use as a living room while still leaving

plenty of space to set up a home office -

an added plus for tenants who work from

home.

Contemporary halogen lighting adds a

touch of modern sophistication to the

charm and elegance that homes of this

era are renowned and appreciated for.

The current occupant of this residence is

an educator at Grady High School , which

is located just about one mile away.


Original crown moldings, a fireplace and the warmth of hardwoods.


A dining room fireplace & new side-by-side refrigerator, microwave, range and dishwasher


Elegant and softly lit with halogen fixtures, this space makes a perfect gallery


The photographic tour


One of the nicer, more distinctive features

of this residence is its large entrance foyer

with coat closet - ideal for storing mountain

bikes, dog leashes and jackets.

Alternatively, it can be used as an enclosed

sun porch and seating area.

Contemporary halogen lighting adds a

touch of modern sophistication to the

charm and elegance that one would expect

to find in a home that has hardwood

flooring throughout and is graced with two

original fireplaces – qualities that homes of

this era are renowned and appreciated for.

The current occupant of this residence is a

registered nurse that works at a nearby, in-

town hospital.

Residence


Original crown moldings, a fireplace focal point & the warmth of hardwoods.


You simply don’t find bedrooms like this in homes anymore


Beautiful, durable tile flooring in all bathrooms mean lower maintenance costs


Bright, open and a spectacular view from the rear deck


One of this home’s most spectacular features…


An entertaining-sized deck with a breath-taking viewEach residence has a private deck with a stunning view of vast, open green space.


Period Total appreciation

Average annual rate

Compared to GA (10 is highest)

Compared to America (10 is highest)

Since 1990 172.86% 9.09%

Last 10 years 86.53% 8.65%

Last 5 years 31.96% 6.39%

Last 2 years 7.43% 3.71%

Last 12 months 2.30% 2.30%

Latest quarter 2.75% 11.00%

Source: neighborhoodscout.com

While home prices may have stabilized – or even started to increase – in many areas

lately, how have home values in this neighborhood performed by comparison?

http://www.neighborhoodscout.com/ga/atlanta/boulevard-highland/


Month Year

Unit A $995 $11,940

Unit B $850 $10,200

Total $1,845 $22,140

Financingscenario

Down payment

Interest Exp (Year 1)

Free cash flow (Year 1)

Return on investment

80% @ 6% $49,800 $11,408 $10,732 20.6%

70% @ 6% $74,700 $9,982 12,158 15.7%

50% @ 6% $124,500 $7,130 $15,010 11.8%

All cash $249,000 $0 $22,140 8.9%

Asking price $249,000

Annual rents $22,140

Taxes & insurance $3,758

Yield 8.9%

Note: All figures are based on cash flow only and

do not include any potential gain from an

appreciation in the value of the property – which

could add substantially to the actual return of this

investment over time.


Bru Krebs, BrokerPrime Real Estate1544 Piedmont Road, NE, Suite 314Atlanta, GA 30324404-685-3774404-745-8384 fax

Please contact:

527 Winton Ter, Ne, Atlanta, GA 30308 - For Sale

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