UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Sweetwater Estates
MLS Listing ID 7745358
Construction Status Resale
HOA Y/N No
Year Built 1969
Annual Tax Amount $3,866
Tax Year 2024
Lot Size 0.770 Acres
Acres 0.77
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
Stop chasing 6% yields. Turn this massive, recently renovated tri-level into an $8,000/month cash machine.
The Strategy:
Currently a 5BR/3BA, the spacious floor plan is a "blank slate" perfectly suited for a high-yield conversion. By utilizing the finished basement and secondary living areas, you can easily scale to an 8-Bedroom Co-Living Powerhouse.
The Numbers:
Pro-Forma Income: 96,000/Year(96,000/Year(1,000/room x 8)
Cap Rate: 20%+ potential once stabilized
Status: VACANT. No tenants to displace, start your build-out on Day 1.
The Asset:
Built for high-density durability with hardwood floors, a modern kitchen, and fully renovated bathrooms. Situated on a huge 0.45-acre lot with a massive driveway for multi-tenant parking and NO HOA restrictions.
The Location:
A "Zero Vacancy" pocket of Lawrenceville. Minutes from Gwinnett Place Mall and I-85. This is a plug-and-play asset for the investor ready to dominate the workforce housing market.
Location
State GA
County Gwinnett
Area Sweetwater Estates
Lake Name None
Interior
Heating Forced Air
Cooling Central Air
Flooring Vinyl
Window Features None
Exterior
Parking Features Carport
Fence None
Community Features None
Utilities Available None
Waterfront Description None
View Y/N Yes
View Trees/Woods
Roof Type Composition
Accessibility None
Handicap Access None
Total Parking Spaces 4
Private Pool false
Building
Lot Description Wooded
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick 4 Sides
Construction Status Resale
Schools
Elementary Schools Knight
Middle Schools Trickum
High Schools Parkview
Others
Senior Community no
Nearby Locations
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Devita Maxwell
Broker Associate | License ID: 239666
Broker Associate License ID: 239666