131 Cleveland Street

131 Cleveland Street is an eight-unit multifamily investment property located in the City of McDonough, just minutes from the historic downtown square, McDonough Crossing, and the Highway 42 and I-75 corridors that support strong rental demand throughout Henry County. The property has undergone significant recent improvements, with seven of the eight units renovated, and all units outfitted with individual tankless water heaters to reduce long-term maintenance exposure. Tenants pay all utilities including electric, water, sewer, and trash, keeping owner expenses extremely low. Annual operating costs are limited to approximately $2,900 for lawn care and pest control, resulting in a pro forma NOI of approximately $135,700. Offered at $1,500,000, the property delivers a pro forma cap rate of approximately 9.05% with additional upside.