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3 Condo Bundle 6424 Woodstone Way 3 Unit Apartment Building $372,855 CAD ($124,285 CAD/Unit) 14.68% Cap Rate Morrow, GA 30260
Investment Highlights
- Buy all 3 for a 15% discount (Accounted for in list price)
- Pro-forma 12-13% cap rate as coliving
- Pro-forma 10% cap rate as long-term rentals
Executive Summary
Three townhome-style condo bundle for $272,000 TOTAL, ten minutes from the busiest airport in the world. One is vacant, two are occupied. No rental restrictions, investor-friendly HOA. Discount for bundled sale. Long-term market rents are $4,500+. I'd suggest setting it up for co-living/PadSplit (furnished rooms for rent) with gross potential at $6000 to $7000+/mo if you add 3 rooms, which would put it at a 12%-15% cap rate. Cash or hard money loans only.
Units Included in Bundle:
6421 Woodstone Terrace | 2BR / 1.5BA
6423 Woodstone Terrace | 3BR / 3.5BA + Finished Basement
6424 Woodstone Way | 2BR / 1.5BA
Units Included in Bundle:
6421 Woodstone Terrace | 2BR / 1.5BA
6423 Woodstone Terrace | 3BR / 3.5BA + Finished Basement
6424 Woodstone Way | 2BR / 1.5BA
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$115,787
|
$28.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$13,261
|
$3.32
|
| Effective Gross Income |
$102,525
|
$25.63
|
| Taxes |
$6,234
|
$1.56
|
| Operating Expenses |
$41,551
|
$10.39
|
| Total Expenses |
$47,786
|
$11.95
|
| Net Operating Income |
$54,740
|
$13.68
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $115,787 |
| Annual Per SF | $28.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $13,261 |
| Annual Per SF | $3.32 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $102,525 |
| Annual Per SF | $25.63 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,234 |
| Annual Per SF | $1.56 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $41,551 |
| Annual Per SF | $10.39 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $47,786 |
| Annual Per SF | $11.95 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $54,740 |
| Annual Per SF | $13.68 |
Property Facts
| Price | $372,855 CAD | Apartment Style | Townhome |
| Price Per Unit | $124,285 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 10.32 AC |
| Cap Rate | 14.68% | Building Size | 4,000 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | ||
| Zoning | R1 - Residential | ||
| Price | $372,855 CAD |
| Price Per Unit | $124,285 CAD |
| Sale Type | Investment |
| Cap Rate | 14.68% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 10.32 AC |
| Building Size | 4,000 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Zoning | R1 - Residential |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Basement
- Dining Room
- Double Pane Windows
- Family Room
- Freezer
- Garden
- Office
- Pantry
- Patio
- Porch
- Large Bedrooms
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | - | 1,048 |
| 3+3.5 | 1 | - | 1,836 |
| 2+1.5 | 1 | - | 1,116 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 12-0114C-00A-002 | Total Assessment | $4,167 CAD (2025) |
| Land Assessment | $55 CAD (2025) | Annual Taxes | $6,234 CAD ($1.56 CAD/SF) |
| Improvements Assessment | $4,112 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
12-0114C-00A-002
Land Assessment
$55 CAD (2025)
Improvements Assessment
$4,112 CAD (2025)
Total Assessment
$4,167 CAD (2025)
Annual Taxes
$6,234 CAD ($1.56 CAD/SF)
Tax Year
2026
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3 Condo Bundle | 6424 Woodstone Way
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