$815,000
$829,990
1.8%For more information regarding the value of a property, please contact us for a free consultation.
0.48 Acres Lot
SOLD DATE : 09/23/2024
Key Details
Sold Price $815,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Harbins Square
MLS Listing ID 7433914
Sold Date 09/23/24
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1983
Annual Tax Amount $7,595
Tax Year 2023
Lot Size 0.480 Acres
Acres 0.48
Property Description
Exceptional Investment Opportunity in Norcross - Rare Quadruplex! Discover an outstanding investment opportunity in the heart of Norcross! This well-maintained 4-unit property boasts a two-sided brick exterior, 8 off-street parking spaces, back patios for each unit, freshly painted exterior doors and windows, and a new roof with a 20-year warranty. All HVAC UNITS are well maintained and recently serviced. Each townhome-style residence offers 2 bedrooms and 2.5 bathrooms, located in a high-rental demand area promising long-term appreciation. The total monthly income is $5,490, with long-term tenants on yearly leases that include annual rent increases, making this property a solid investment. Each unit features washer and dryer hook-ups, upstairs, 2 roommate-style bedrooms with 2 bathrooms, a spacious living room with a fireplace, a dining room, a large kitchen overlooking the dining area, and a guest half bathroom on the lower level. The utilities are separately metered and there is no HOA......This property offers the flexibility to rent out all units or live in one while renting out the others, catering to savvy buyers or investors interested in expanding their portfolio. Don’t miss out on this must-see Quadruplex!
Location
State GA
County Gwinnett
Lake Name None
Interior
Heating Central
Cooling Central Air
Window Features None
Exterior
Garage Driveway
Fence Back Yard
Community Features Near Public Transport, Near Schools, Near Shopping, Park, Sidewalks, Street Lights
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Waterfront Description None
View City
Roof Type Shingle
Accessibility None
Handicap Access None
Total Parking Spaces 8
Private Pool false
Building
Lot Description Other
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick,Vinyl Siding
New Construction No
Construction Status Resale
Schools
Elementary Schools Lilburn
Middle Schools Lilburn
High Schools Meadowcreek
Others
Senior Community no
Tax ID R6197 107
Special Listing Condition None
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650 Ponce De Leon Avenue Northeast, Atlanta, Georgia, 30308, USA