See Home Value
$797,000 - $973,000
Multifamily - Off Market

587 Colonial Circle

Marietta, GA 30060
bedrooms
Studio
bathrooms
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
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Property Highlights

Air Conditioning
Exterior Details

Exterior Information

Aluminum Siding


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
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
More about this Building
587 Colonial Circle
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