784 Briarcliff Rd NE

PLEASE DO NOT DISTURB RESIDENTS - SHOWINGS & INSPECTIONS WILL BE SCHEDULED AFTER THE PARTIES ARE UNDER CONTRACT. Stately 1930 Atkins Park/Virginia Highland Triplex with two newly renovated terrace level apartments. All three units are very well maintained and currently leased with great rental income. Many original architectural accents in the main part of the home - elegant foyer stairs, beautiful French doors to the large Living Room, Dining Room and morning porch, the original butler's pantry in the breakfast area of the expanded kitchen. One bedroom and bath on the main level with 4/2 and laundry upstairs (i.e., 5 bedrooms & 3 baths in main house unit). Light and bright with many windows. Updated Kitchen with new granite counter tops (and new granite counter tops in upstairs bathrooms). Two fully renovated modern terrace level apartments (2/1 - or large 1/1 and another 1/1) with a separate side entrance and shared W/D and common storage. Plenty of parking in front for main home residents and in the rear accessed by an alley off St Louis Place for the terrace level apartments. Amazing location with easy walk to Virginia Highland/Atkins Park shops and restaurants. Close to Emory, the Beltline, and the linear parks of Druid Hills. BUYERS: Please DO NOT walk the property or approach the tenants for any reason. No showings until Due Diligence. This is the exceptional turnkey rental property you have been waiting for! This property is listed as a part of a portfolio. There is an existing first loan on the portfolio which is non-recourse and an attractive interest rate of 3.95% with an original 10-year term. The loan is assumable with lender approval and payment of a 1% assumption fee (similar to origination fee) and the Buyer will want to assume the loan or otherwise will need to pay the applicable pre-payment premium. A Seller second loan is possible (with a minimum down payment of 35%) with terms to be negotiated by the parties. The other Listings are as follows: 323 S. King Ave., Pine Mountain, GA; 303 E. Lee Street, Thomaston, GA; 506 N. 2nd Street Lafayette, GA; 372-382 Grier Street, Macon, GA; Total Portfolio Price = $4,385,000 and includes 5 properties and 36 units; Minimum Down Payment for Portfolio Acquisition = 35% = $1,534,750. Great Investment Opportunity for Turn-Key Rental Properties with Below Market Interest Rate and non-recourse Financing! Seller is happy to facilitate a Buyer's 1031 tax-deferred exchange so long as it does not create additional expenses or liability for Seller. Please contact listing agent for more details regarding the capital stack and possible sale structure.