UNDER CONTRACT | 513 Toombs St - Belle Crest Town Houses, South Fulton MF Submarket - Multi-Family

Belle Crest Town Houses | 10 Unit Multifamily Complex in Downtown Palmetto, GA

513 Toombs St, Palmetto, GA 30268-1265

UNDER CONTRACT

Listed by: Michael D. Reeves, CCIM & Jim Camp, CCIM, Associate Broker

Property Details

Sale Price: $1,195,000

Year Built: 1971

Property Type: Multifamily

Building Class: C

Building Size: 12,352 SF

Property Description

Don't miss a chance to get this 10-unit all brick complex. 9-units occupied, with 1-unit held vacant at last move-out for showing purposes. Minor repairs have been completed on all the units, with a new roof installed in late May 2024. This is a value-add property. As units turn, new owner can complete renovations and increase rents. 1 unit is currently paying market rate with room for significant increases on all 9 remaining units.

Location Description

Located 2 blocks from downtown Palmetto. Belle Crest Townhouses are advantageously located approximately 5 miles from Serenbe, 8 miles to Hartsfield-Jackson International Airport, 13 miles to Trilith Studios and 28 miles to downtown Atlanta.

Highlights

• All Brick Exterior

• All Units 2 Bedroom 1.5 Baths

• Minor Repairs Complete

• New Roof May 2024

• Central Heating and Air