Multi-Generation Property or a Great investment opportunity. Fully renovated, rare to find, more than 4,400 SF, divided into 3 units in a central, convenient location in Norcross. Long term stable tenants. 1st unit: 4 beds, 2 baths, just got renovated kitchen & bathrooms, incl. washer/dryer, new LVT flooring, freshly painted. new AC- 3 years. New water heater. rent: $2050 (tenant lives there for 4 years and would like to stay). 2nd unit: 3 beds, 1 bath: New LVT flooring, new kitchen cabinets, granite, SS appliances washer/dryer, renovated bathroom, new HVAC- 3 years ,new water heater. rent: $1700 (long term tenant). 3rd unit: 2 beds, 1 bath: SS appliances including washer/dryer, new flooring, new AC- 4 years, renovated bath, new carpet, new paint. rent: $1800 ( tenant would like to stay). The entire property has a new architectural roof - 4 years, fence, tons of parking space (at least 10 spots). Exterior painting was done 2 years ago. Great outdoor space with beautiful backyard ( professional landscaping). Total annual income: $65,400. The adjacent lot got approval for rezoning to commercial and going to develop a new subdivision. Many potential strategies on this one: buy and hold and enjoy a great income producer in an excellent condition, no repair/reno is needed. Meantime you can check the rezoning option and go for a development project and build a mini sub division. No HOA! Do not disturb tenants - inspection and viewing only allowed during due diligence period with accepted offer.
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Listing Provided Courtesy Of: Sivan Amrani of Chapman Hall Realtors ?
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