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Map
$797,000 - $973,000
●
Multifamily -
Off Market
587 Colonial Circle
Marietta, GA 30060
Studio
0 Bath
About This Property
Discover the epitome of turnkey luxury at 587 Colonial Circle! This
multi-unit quadruplex, currently thriving as an vacation rental,
offers a seamless blend of comfort and style. All four units have
undergone recent updates, ensuring a modern and inviting atmosphere
for guests. Unit Breakdown: Unit 1: [Two Bedrooms/ One Bathroom]
Unit 2: [Two Bedrooms/ One Bathroom] Unit 3: [Two Bedrooms/ One
Bathroom] Unit 4: [Two Bedrooms/ One Bathroom] Recent Updates: HVAC
serviced and up-to-date in all units Interior and exterior
repainted in 2022 Flooring recoated and polished in 2021 Concrete
parking lot redone in 2021 Financials: Vacation Rental Monthly
Income: $8800-$11000 Current Yearly Income $[109,000] Average
Occupancy Rate: [85%] Vacancy rate: 10-15% Features: Fully
furnished units with contemporary decor Established presence on
leading vacation rental platforms Location: Nestled in the
desirable Colonial Circle in the heart of Downtown Marietta, this
quadruplex enjoys proximity to [mention nearby attractions,
entertainment, and dining options. A mile to Marietta Square, two
minutes to KSU's Marietta Campus, Life University & Chattahoochee
Tech Campuses Great shops and places to eat, special events,
weekend farmers market, and the Big Chicken is a mile away. Nearby
parks include Lawrence Street Park, Larry Bell Recreational Center
and Washington Avenue Historic District. 20 minute drive to Six
Flags or downtown Quick access to I-75 QUALIFIED BUYERS ONLY: Do
not visit property or disturb tenants. By appointment only. Total
asking price is $880,000. Each unit is fully furnished at $10,00
with a total furnishings, appliances including washer and dryer
been sold at $40,000. Buyer must show preapproval letter and proof
of funds to proceed and submit highest and best offer. Buyer pays
closing cost.
Unit Size
-
Days on Market
-
Land Size
0.24 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1944
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 24, 2024 | No longer available | - | |
No longer available | |||
Feb 4, 2024 | In contract | - | |
In contract | |||
Dec 14, 2023 | Relisted | $885,000 | |
Relisted | |||
Dec 6, 2023 | In contract | - | |
In contract | |||
Dec 2, 2023 | Price Increased |
$885,000
↑ $100K
(12.7%)
|
|
Price Increased |
Show More
Property Highlights
Air Conditioning
Exterior Details
Exterior Information
Aluminum Siding
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
House
4
Beds
4
Baths
3,178 ft²
$226/ft²
$719,000
Oct 26, 2023
-
$476/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
587 Colonial Circle
587 Colonial Circle, Marietta, GA 30060
- 1 Unit for Sale
![587 Colonial Circle](https://photos.realtyhop.com/p/s/990x990/27941698_ce1060698927e7936a58dcf40f352b41db4478a57e878eb87cbf43b35fe7881a.webp)