Investment Property

Great Investment property. Leased until July 2009. Great cash flow / Cap rate BRAND NEW Craftsman style homes located only 1 mile from DOWNTOWN and University Of Georgia Campus starting at $99,900! These 2 and 3 bedroom are in high demand by UGA students. I leased all of these units in February for the 08/09 school year and had a waiting list of over 100 students. The bright, colorful exteriors are nicely landscaped and Bermuda sod in the front AND back yards. The brick and stone accents, tree-lined streets, wide side walks, street lights, Sand Volleyball Courts, community Bar B Q’s and Gazebos, give this community an excellent curb appeal. All homes come LOADED with extras that include Complete Security Systems, hard wired Smoke Detectors, Plantation Style Blinds, Brushed Nickel Fixtures, Custom Wood Cabinets and CAT 5 Wiring throughout. These homes also come with an ALL INCLUSIVE UPGRADED BLACK GE Appliance Package that includes Built-in Microwave, Dishwasher, Side by Side Refrigerator, Smooth Top Stove, Plus a Washer and Dryer!. 2 Bed / 2 Bath $99,900 rents for $850/mth. 3 Bed / 3 Bath $138,900 rents for $1300/mth. The 150 unit subdivision is built out. Only 13 units left for sale.