Skip To Content

--
  • --
    BEDS
  • --
    ACRES
  • --
    BATHS
  • --
    1/2 BATHS
  • --
    SQFT
  • --
    $/SQFT

Listing Details

Status
--
On Site
--
On Market
--
MLS #
--
Neighborhood
--
Type
--
Built
--
County
--
Area
--

School Information

Elementary School
Middle School
High School

Description

Calling all investors! RARE 4 SIDE BRICK QUADPLEX IN THE HEART OF NORCROSS. All units are well maintained by excellent long term tenants. Immediate income with No immediate repairs needed. Roof replaced in August 2018. Newer HVACs in 3 units and Water heaters about 5 years old. Most appliances are newer - less than 2 years. Currently it is bringing you $46200 Gross Income. Way below market rent, yet still brings you 5.5% cap rate! You can reach 8.3% - 8.6% cap rate or higher if you bring it to market rent which is $1350-$1400. This will generate 17%-18% cash on cash return with 75% LTV. Property already separately metered for water. 10 parking spaces. Trash is included in Gwinnett property taxes. Each unit is about 1139 SF per tax record. Please do not disturb tenants. No signs.

Monthly Payment Calculator



Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2021 First Multiple Listing Service, Inc. Data last updated 2021-09-17T00:03:18.13. For issues regarding this website, please contact BoomTown.
www.northatlantahometeam.com/homes/120696532
Print Image

1272 Sweet Pine Drive Norcross, GA 30093

  • Price: $680,000
  • Status: Active
  • Updated: 133 min ago
  • MLS #: 6933643
0
Beds
0
Baths
0
½ Baths
0.49
Acres
1984
Built
Neighborhood:
Sweet Pine Plantation
County:
Gwinnett
Area:
64 - Gwinnett County
Elementary School:
Minor
Middle School:
Sweetwater
High School:
Berkmar
Property Description
Calling all investors! RARE 4 SIDE BRICK QUADPLEX IN THE HEART OF NORCROSS. All units are well maintained by excellent long term tenants. Immediate income with No immediate repairs needed. Roof replaced in August 2018. Newer HVACs in 3 units and Water heaters about 5 years old. Most appliances are newer - less than 2 years. Currently it is bringing you $46200 Gross Income. Way below market rent, yet still brings you 5.5% cap rate! You can reach 8.3% - 8.6% cap rate or higher if you bring it to market rent which is $1350-$1400. This will generate 17%-18% cash on cash return with 75% LTV. Property already separately metered for water. 10 parking spaces. Trash is included in Gwinnett property taxes. Each unit is about 1139 SF per tax record. Please do not disturb tenants. No signs.
Exterior Features

Construction Materials Brick 4 Sides Fencing Back Yard Lot Features Wooded Parking Features Parking LotPaved Roof Type Composition Stories Two View Other

Interior Features

Cooling Ceiling Fan(S)Central Air Heating Forced Air

Property Features

Accessibility Features None Community Features None Green Energy Efficient None Lake Name None Lot Size Dimensions X 105 Owner Financing No Property Condition Resale Security Features None Sewer Public Sewer Special Circumstances No Disclosures From Seller Special Listing Conditions None Tax Year 2020 Taxes 7182.00 Type Quadruplex Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableUnderground UtilitiesWater Available Water Source Public

Listing provided courtesy of Keller Williams North Atlanta.


Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2021 First Multiple Listing Service, Inc. Data last updated 2021-09-17T00:03:18.13. For issues regarding this website, please contact BoomTown.
 
https://bt-photos.global.ssl.fastly.net/fmls/orig_boomver_2_6933643-2.jpg https://bt-photos.global.ssl.fastly.net/fmls/orig_boomver_2_6933643-2.jpg https://bt-photos.global.ssl.fastly.net/fmls/orig_boomver_2_6933643-2.jpg
Logo
Realty On Main
301 North Main Street
Alpharetta GA, 30009