493 AND 495 NE Birney ST NE, Marietta, GA 30060
493 AND 495 NE Birney ST NE, Marietta, GA 30060
493 AND 495 NE Birney ST NE, Marietta, GA 30060
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Donna Carlock

Donna Carlock

+1(404) 375-4470
$340,000
Est. payment /mo
6,490 Sqft Lot
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Key Details

Property Type Multi-Family

Sub Type Multi Family,Duplex

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision City Of Marietta-Bricewood

MLS Listing ID 10709595

HOA Y/N No

Year Built 1948

Annual Tax Amount $3,519

Tax Year 2025

Lot Size 6,490 Sqft

Acres 0.149

Lot Dimensions 6490.44

Property Sub-Type Multi Family,Duplex

Source Georgia MLS 2

Property Description

SWEET JUST GOT SWEETER! $25,0000 price reduction! FANTASTIC OPPORTUNITY to gain a wonderful Rental Income Investment! This is a Duplex with Two Units. 493 and 495 Birney Street - both with leases in place until 2/24/2027 with steady and reliable tenants. 493 Birney is a 2 bed 1 bath unit and 495 Birney has a finished basement providing a 3 bedroom 2 bath unit which is rare for this area. Walkable to Marietta Square and convenient to transportation. This is a GREAT OPPORTUNITY! 495 Birney is leased for $1750 per year and 493 Birney is leased for $1400 with a cap rate of 7.8% this is an opportunity not to be missed! The duplex is next door to the park/playground/pavilion making it easy for playing and entertaining of families. The NOI is calculated on annual income of $37800 with the expenses calculated on taxes/insurance of $5519 and accrual of 10% of income for expenses (which is an estimate of over what is currently being spent). To provide an easy purchasing experience the Seller is installing a new dishwasher and new flooring in 495 Birney and the ROOF IS ONE YEAR OLD! Please do not disturb the tenants and a 24 hour notice is required for showings. This is the perfect opportunity to purchase a Residential Rental Income Investment!

Location

State GA

County Cobb

Rooms

Bedroom Description No

Basement Bath Finished, Crawl Space, Exterior Entry, Finished, Interior Entry, Unfinished

Interior

Heating Central, Dual, Forced Air, Natural Gas

Cooling Ceiling Fan(s), Central Air, Dual, Electric

Fireplaces Number 2

Fireplace Yes

Exterior

Parking Features Parking Pad, Kitchen Level

Garage Spaces 4.0

Community Features None

Utilities Available Electricity Individual Meters, Gas Individual Meters, Sewer Connected, Water Individual Meters

View Y/N No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Faces Off Fairground Street and 120 in Marietta. Turn onto Birney and Duplex is on the right.

Sewer Public Sewer

Water Public

Structure Type Wood Siding

New Construction No

Schools

Elementary Schools Burruss

Middle Schools Marietta

High Schools Marietta

Others

HOA Fee Include None

Tax ID 16114300430

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Resale

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Georgia MLS - GAMLS
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Donna Carlock
Donna Carlock

Team Leader | License ID: 298298

+1(404) 375-4470 | carlockhomesteam@donnacarlock.com

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