3116 Centerville Hwy
About This Property
Collectively 1.24 acres, these lots are ideal for multiple purposes! Consolidate space to build your dream home, develop multiple single-family homes, convert to residential multifamily income properties, or conversion to commercial purposes. The Snellville/Centerville areas are suburban with booming market conditions; as the city of Atlanta is becoming overly saturated, nearby communities such as these are experiencing a positive growth trend and an influx of development. Conveniently located 5 minutes from the town center of Snellville, 4 minutes from the town center of Centerville, and 35 minutes from the city of Atlanta. The lots have road facing access to 1-124, which connects to I-78 within 5 minutes.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2024 | In contract | - | |
| In contract | |||
| Oct 22, 2024 | Sold | ||
| Sold | |||
| Apr 11, 2024 | Listed by Virtual Properties Realty.com | $132,500 | |
| Listed by Virtual Properties Realty.com | |||
| Apr 2, 2021 | No longer available | - | |
| No longer available | |||
| Feb 28, 2021 | Relisted | $30,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017