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Neighbor News

Office Bldg. for Sale (Harmony Biz Park Unit D, Mall of Georgia)

A stand-alone office foreclosure in immaculate condition perfect for an office of Attorney, Realtor, Accountant, Insurance Agent, Physician or an Investor to hold on! Newer construction, built in 2007 and is 2600 sq ft! Configuration is 2 large offices, 4 small offices, 1 conference room, and 1 filing room. The unit is Building D located in Harmony Business Park near Mall of Georgia, Buford, GA. The neighbors are Daycare center and Pediatrics practice. The unit requires only a few cosmetic repairs to get in move-in ready condition. Calling all cash buyers - investors or owner occupants. Need to close before July 7th. The unit was sold for $450,000 in 2010!!! Priced right to move quickly. We also have another similar unit (Unit #C) adjacent to this and priced at $235,000.

Investor ROI
Purchase: $238,000
Repairs: $2,000 (Allowance for cosmetic repairs, cleanup etc.)
Total Investment: $240,000

Rental Income: $2600/mo * 12 = $31,200 per year
Expenses:Β 
Taxes: $1,600 per year
Insurance: $1,600 per year
Net Income: $28,000
CAP Rate: 28,000/240,000 = 11.7%

Call (919)602-5208 if you are interested!


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