3970 Darryl LN Save Request In-Person Tour Request Virtual Tour
Gainesville,GA 30506
Key Details
Property Type Multi-Family
Sub Type Multi Family,Duplex
Listing Status New
Purchase Type For Sale
Subdivision Heather Heights
MLS Listing ID 10507814
Year Built 1987
Annual Tax Amount $2,281
Tax Year 2024
Lot Size 0.400 Acres
Property Sub-Type Multi Family,Duplex
Property Description
Rare Investor Opportunity! Fully Renovated, Fully Rented Duplex beautifully located on Lake Lanier! This turnkey duplex offers immediate cash flow and long-term potential. Both units are currently rented on year-long leases. One at $1,645 and one at $1680, bringing total monthly income to $3,325. They both pay all their own utilities for maximum profit. Also no flood insurance needed for this property. Lake Lanier in the backyard of this duplex enhances its appeal to both future tenants and future resale value. Both units have a deck the length of the building looking out into the private forest with a private path to the lake, perfect for fishing, kayak or paddle board access or just relaxing and enjoying the views. Future rental and resale value could even be increased more by clearing some of the vegetation behind the home to have clear views of the lake in the backyard (with CorpCOs permission). The value could skyrocket if turned into a single family home in the future with the proper zoning and permits. Nearby single family homes on the lake typically sell for $1M-$1.5M. This duplex, with 2 bedrooms and 2 bathrooms on each side, has been thoughtfully renovated for easy renting and low maintenance for the landlord, including the installation of water and scratch resistant Luxury Vinyl Plank (LVP) floors, granite countertops and stainless steel appliances in the kitchens, updated granite bathroom vanities, and new, neutral interior paint throughout. All light fixtures, ceiling fans, faucets, and hardware have been replaced with new, modern finishes, and new blinds have been installed throughout for renter happiness. Units have ample parking in front and private entrances to the units.
Location
State GA
County Hall
Interior
Heating Central,Electric,Heat Pump
Cooling Ceiling Fan(s),Central Air,Electric
Exterior
Parking Features Off Street,Over 1 Space per Unit
Garage Spaces 4.0
Community Features Lake
Utilities Available Electricity Individual Meters
View Y/N No
Building
Sewer Septic Tank
Water Public
Structure Type Wood Siding
New Construction No
Schools
Elementary Schools Mount Vernon
Middle Schools North Hall
High Schools North Hall
Others
Special Listing Condition Updated/Remodeled