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6424 Woodstone Way - 3 Condo Bundle 4,000 SF Specialty Building Offered at $370,916 CAD at a 14.68% Cap Rate in 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 |
$115,184
|
$28.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$13,192
|
$3.30
|
| Effective Gross Income |
$101,992
|
$25.50
|
| Taxes |
$6,202
|
$1.55
|
| Operating Expenses |
$41,335
|
$10.33
|
| Total Expenses |
$47,537
|
$11.88
|
| Net Operating Income |
$54,455
|
$13.61
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $115,184 |
| Annual Per SF | $28.80 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $13,192 |
| Annual Per SF | $3.30 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $101,992 |
| Annual Per SF | $25.50 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,202 |
| Annual Per SF | $1.55 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $41,335 |
| Annual Per SF | $10.33 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $47,537 |
| Annual Per SF | $11.88 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $54,455 |
| Annual Per SF | $13.61 |
Property Facts
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 | $4,164 CAD (2025) |
| Land Assessment | $55 CAD (2025) | Annual Taxes | $6,202 CAD ($1.55 CAD/SF) |
| Improvements Assessment | $4,109 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
12-0114C-00A-002
Land Assessment
$55 CAD (2025)
Improvements Assessment
$4,109 CAD (2025)
Total Assessment
$4,164 CAD (2025)
Annual Taxes
$6,202 CAD ($1.55 CAD/SF)
Tax Year
2026
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6424 Woodstone Way - 3 Condo Bundle
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