Viewing Listing MLS# 397022306
Lilburn, GA 30047
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 2004Year Built
- 0.58Acres
- MLS# 397022306
- Multifamily
- Duplex
- Active
- Approx Time on Market2 months, 1 day
- AreaN/A
- CountyGwinnett - GA
- Subdivision Riverpoint
Overview
BACK ON MARKET! Prime Location! Income-Generating Duplex in PARKVIEW/TRICKUM School District. Investor Opportunity! Unit 140 and Unit 142. This beautifully renovated Duplex offers an excellent investment in a highly sought-after location. Each unit features 2 bedrooms and 2 baths, all conveniently located on the main floor. The units boast a spacious living room, kitchen, and a separate dining room, providing ample space for comfortable living. This property is currently income-producing with a long-term tenant in place. Please respect the tenant's privacy - no showings until an accepted offer. Photos provided are of the unit occupied by the owner and Tenants. Both Tenants are Veterans and have kepts the units in great condition. Leases are in place and available on request. Recent upgrades include: Newer Paint (2021). Newer floors (2022). Newer Water Heaters (2019). New Gutters (2021). New Plumbing Lines (2022). New HVAC (2024). Both units are move-in ready, making this an ideal hassle-free investment. Showings will be conducted during the due diligence period. The local rental market supports rents of $1400-$1500 per unit, ensuring strong potential returns. Current Rents are $1300 for each Unit, well below market. Don't miss this prime investment opportunity in a top school district!
Association Fees / Info
Hoa: No
Community Features: None
Bathroom Info
Building Info
Habitable Residence: No
Number of Units Total: 2
Exterior Features
Fence: None
Pool Private: No
County: Gwinnett - GA
Acres: 0.58
Financial
Original Price: $499,000
Operating Expense: 7200
Owner Financing: No
Cap Rate: 6.2
Gross Income: 31,200
Garage / Parking
Parking Features: Driveway
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: None
Levels: One
Lot Info
Lot Size Source: Public Records
Lot Features: Level
Lot Size: x 133
Misc
Property Attached: No
Home Warranty: No
Open House
Other
Property Info
Construction Materials: Vinyl Siding
Year Built: 2,004
Property Condition: Resale
Roof: Composition, Shingle
Property Type: Residential Income
Rental Info
Land Lease: No
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: None
Tax Info
Tax Amount Annual: 5807
Tax Year: 2,023
Tax Parcel Letter: R6125-205
Unit Info
Utilities / Hvac
Cool System: Ceiling Fan(s), Central Air
Heating: Central
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities
Sewer: Septic Tank
Waterfront / Water
Water Body Name: None
Water Source: Private
Waterfront Features: None
Directions
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