3970 Darryl LN, Gainesville, GA 30506 - MLS#7564495

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Shawn Delaney

[email protected] +1(770) 378-7994

$375,000

Est. payment - /mo

0.4 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Subdivision Heather Heights

MLS Listing ID 7564495

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1987

Annual Tax Amount $2,281

Tax Year 2024

Lot Size 0.400 Acres

Acres 0.4

Property Sub-Type Duplex

Source First Multiple Listing Service

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 Corp's 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

Lake Name Lanier

Interior

Heating Central, Electric, Heat Pump

Cooling Ceiling Fan(s), Central Air

Flooring Luxury Vinyl

Window Features Insulated Windows

Exterior

Parking Features Driveway, Parking Lot

Fence None

Community Features Lake

Utilities Available Cable Available, Electricity Available, Water Available

Waterfront Description Lake Front

View Lake, Trees/Woods

Roof Type Composition

Accessibility None

Handicap Access None

Total Parking Spaces 4

Private Pool false

Building

Lot Description Wooded, Other

Story Two

Sewer Septic Tank

Water Public

Level or Stories Two

Structure Type Wood Siding

New Construction No

Construction Status Updated/Remodeled

Schools

Elementary Schools Mount Vernon

Middle Schools North Hall

High Schools North Hall

Others

Senior Community no

Tax ID 10142 000035

Special Listing Condition None

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Listed by Atlas Real Estate, Inc

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Shawn Delaney

+1(770) 378-7994

Agent | License ID: 285391

Agent License ID: 285391

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3970 Darryl LN Gainesville, GA 30506

Shawn Delaney

Key Details

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Exterior

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Schools

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