$625,000
$650,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
0.48 Acres Lot
SOLD DATE : 07/27/2020
Key Details
Sold Price $625,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Four Corners
MLS Listing ID 6692127
Sold Date 07/27/20
Construction Status Updated/Remodeled
HOA Y/N No
Originating Board FMLS API
Year Built 1981
Annual Tax Amount $3,339
Tax Year 2018
Lot Size 0.480 Acres
Acres 0.48
Property Description
ATTENTION INVESTORS: Amazing opportunity for a turn key completely renovated Quadraplex! Fantastic location & you can be anywhere in Metro-Atlanta within minutes! All 4 identical units each w/ 2 bedrooms w/ 2 full baths & 1/2 bath on main level. New kitchens have white shaker cabinets, new hardware, granite counters, & NEW SS appliances! All 4 units are freshly painted w/ new flooring & lighting throughout. Living rooms have fireplaces w/ outdoor access to private fenced back patios! Bedrooms upstairs each have their own private full baths, new carpet & walk in closets! Total gut renovation completed & units are currently vacant! QUAD has all new windows, new doors, new roof, new plumbing, new electrical, new water heaters, new HVACS. Do not miss this incredible opportunity. 8 assigned parking spaces w/ extra guest parking available. All homes have new patios and rear entrance/exits. No HOA. Owner/Builder is currently maintaining property.
@ $1,500/month rent each unit = 65,000 NOI (9.5% CAP)
@ $1,300/month rent each unit = 55,000 NOI (8.0% CAP)
@ $1,100/month rent each unit = 45,000 NOI (6.5% CAP)
Location
State GA
County Gwinnett
Area 61 - Gwinnett County
Lake Name None
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Window Features Insulated Windows
Exterior
Parking Features Parking Lot, Paved
Fence Back Yard, Fenced, Privacy, Wood
Community Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available
View City
Roof Type Composition
Accessibility None
Handicap Access None
Building
Lot Description Level, Sloped
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Frame
New Construction No
Construction Status Updated/Remodeled
Schools
Elementary Schools Peachtree
Middle Schools Pinckneyville
High Schools Norcross
Others
Senior Community no
Tax ID R6282 056
Special Listing Condition None
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