1272 Sweet Pine Dr., Norcross, GA 30093

1272 Sweet Pine Dr., Norcross, GA 30093
Photo 1 of 8
$663,000
Sold on 10/29/21
Beds Baths Sq. Ft. Taxes Built
0.00 0 $7,182 1984
On the market: 70 days
View full details, 15 photos, school info, and price history
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.
Listing courtesy of Claire Shoener