GA > Norcross > Sweet Pine Plantation
Norcross, GA 30093,1272 Sweet Pine DR
Norcross, GA 30093,1272 Sweet Pine DR
Norcross, GA 30093,1272 Sweet Pine DR
$663,000
Est. payment /mo
Est.Price: ?

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0.49 Acres Lot
SOLD DATE : 10/29/2021

Key Details

Sold Price $663,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Sweet Pine Plantation

MLS Listing ID 6933643

Year Built 1984

Annual Tax Amount $7,182

Tax Year 2020

Lot Size 0.490 Acres

Property Sub-Type Quadruplex

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.

Location

State GA

County Gwinnett

Area 64 - Gwinnett County

Interior

Heating Forced Air

Cooling Ceiling Fan(s), Central Air

Exterior

Parking Features Parking Lot, Paved

Fence Back Yard

Community Features None

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available

View Other

Roof Type Composition

Building

Lot Description Wooded

Story Two

Sewer Public Sewer

Water Public

Structure Type Brick 4 Sides

New Construction No

Schools

Elementary Schools Minor

Middle Schools Sweetwater

High Schools Berkmar

Others

Special Listing Condition None

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Mauricio & Paola Bunk

Mauricio & Paola Bunk

+1(786) 521-5214

Our team is ready to help you sell your home for the highest possible price ASAP

First Multiple Listing Service(FMLS)
Listed by Keller Williams North Atlanta
Bought with Maxima Realty LLC

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agent

Mauricio & Paola Bunk

+1(786) 521-5214

Real Estate Consultants | License ID: 349449

Real Estate Consultants License ID: 349449

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