1154 Olivet Drive, Buford, GA 30518
- $560,000
- List Price
- $560,000
- MLS#
- 7837621
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Triplex
- Lot Size
- 0.5
- Subdivision
- Walden Park
Property Description
Rare 4-sided Brick Triplex in Prime Location of Sugar Hill/Buford!!! If you are looking for a solid investment property, look no further!!! The multiple units will generate a solid monthly income in the growing and popular area of Sugar Hill. This property is in walking distance of the Sugar Hill outdoor venue, restaurants and theaters. It is also close to Lake Lanier and within Great schools district, making this a sought-after location for families. Major developments nearby have broken ground include Northside Hospital down the street. All residents of Sugar Hill have free access to the gym at the E-Center in downtown. *** ONLY UNIT C CAN BE SHOWN. UNITS A AND B ARE ONLY SHOWN DURING DUE DILIGENCE. DO NOT DISTURB TENANTS! *** **** Excellent Cap Rate at 8.9%!!!**** This nicely renovated property features three units and tons of upgrades. You can Move in the vacant unit and collect rents from the other 2 units from day 1 or Collect rents at $4650 every month! All units are updated and tenants have yearly leases and security deposits. The two upstairs units have two bedrooms and one bath each. The third unit downstairs features 3 bedrooms and 2 bathrooms. All units feature nice-sized living rooms, updated luxury vinyl planks, updated bathrooms, laundry areas, and well-equipped kitchens. Whole house exterior was recently painted, new gutters, new driveway where each unit has 2+ parking spots. Nice sized backyard for all residents!! All Units are all electric, no gas so save a lot on utilities for tenants. - Units B & C have upgraded electrical panel. Rents include power and water for these 2 units. *** ONLY UNIT C CAN BE SHOWN. Entrance is from the back of the house!!*** Use Code provided. ***Push lever up to Open*** UNITS A AND B ARE SHOWN DURING DUE DILIGENCE ONLY. DO NOT DISTURB TENANTS! ***
Additional Information
- Stories
- Two
- Construction
- Brick 4 Sides
- Year Built
- 1960
- Neighborhood Amenities
- None
- Roof
- Composition
- Lot Dimensions
- x
- Parking
- Driveway, Paved, Varies by Unit
- Lot Desc
- Level
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Sycamore
- Middle School
- Lanier
- High School
- Central Gwinnett
- Acres
- 0.50
- Levels
- Two
- Gross Income
- 4750
- Taxes
- $4,664
Listing courtesy of International Real Estate Dream, LLC..
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