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6424 Woodstone Way - 3 Condo Bundle 4,000 SF Specialty Building Offered at $381,086 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 |
$118,342
|
$29.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$13,554
|
$3.39
|
| Effective Gross Income |
$104,789
|
$26.20
|
| Taxes |
$6,372
|
$1.59
|
| Operating Expenses |
$42,469
|
$10.62
|
| Total Expenses |
$48,841
|
$12.21
|
| Net Operating Income |
$55,948
|
$13.99
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $118,342 |
| Annual Per SF | $29.59 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $13,554 |
| Annual Per SF | $3.39 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $104,789 |
| Annual Per SF | $26.20 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,372 |
| Annual Per SF | $1.59 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $42,469 |
| Annual Per SF | $10.62 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $48,841 |
| Annual Per SF | $12.21 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $55,948 |
| Annual Per SF | $13.99 |
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 | $4,282 CAD (2025) |
| Land Assessment | $56 CAD (2025) | Annual Taxes | $6,372 CAD ($1.59 CAD/SF) |
| Improvements Assessment | $4,225 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
12-0114C-00A-002
Land Assessment
$56 CAD (2025)
Improvements Assessment
$4,225 CAD (2025)
Total Assessment
$4,282 CAD (2025)
Annual Taxes
$6,372 CAD ($1.59 CAD/SF)
Tax Year
2026
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6424 Woodstone Way - 3 Condo Bundle
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