Bought with Johan Cabrera Osorio • Peach State Realty
$535,000
$525,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
0.43 Acres Lot
SOLD DATE : 10/16/2024
Key Details
Sold Price $535,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision Stonewood 02
MLS Listing ID 10375838
Sold Date 10/16/24
Construction Status Resale
HOA Y/N No
Year Built 1970
Annual Tax Amount $4,985
Tax Year 2023
Lot Size 0.430 Acres
Property Description
This home presents a truly exceptional investment opportunity in the heart of Norcross, Georgia. This meticulously designed property offers multiple income streams through its ingenious layout. Originally built as a duplex, it has been reimagined for maximum potential, now featuring 2 distinct rental units and an additional basement space that is currently producing income. The is can generate over $4,000 in monthly income, with potential for rental increase to market value. This versatile property offers a spacious 3-bedroom, 2-bathroom unit (Unit A), complemented by two additional 2-bedroom, 1-bathroom units, totaling an impressive 7 bedrooms and 4 bathrooms. Key features include durable all-brick construction, wood and tile flooring throughout, and ample parking space, all situated in the prime location of Norcross. Perfect for savvy investors seeking strong cash flow, owner-occupants desiring built-in rental income, or multi-generational families requiring separate living spaces, this property offers unparalleled flexibility. Live in one unit while renting the others, or maximize your returns by leasing all units. The basement's clever conversion sets this property apart from typical duplexes. DO NOT DISTURB TENANTS
Location
State GA
County Gwinnett
Rooms
Basement Exterior Entry, Finished
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Exterior
Garage Side/Rear Entrance
Community Features None
Utilities Available Electricity Individual Meters, Gas Individual Meters, Sewer Connected, Water Individual Meters
Building
Story Two
Foundation Slab
Sewer Septic Tank
Level or Stories Two
Construction Status Resale
Schools
Elementary Schools Meadowcreek
Middle Schools Louise Radloff
High Schools Meadowcreek
Others
Financing Conventional
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