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$375,000

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0.4 Acres Lot

New

3970 Darryl LN Gainesville, GA 30506

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Nicole Van Den Bergh

[email protected] +1(770) 283-1223

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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

HOA Y/N No

Originating Board Georgia MLS 2

Year Built 1987

Annual Tax Amount $2,281

Tax Year 2024

Lot Size 0.400 Acres

Acres 0.4

Lot Dimensions 17424

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

Rooms

Basement None

Interior

Heating Central, Electric, Heat Pump

Cooling Ceiling Fan(s), Central Air, Electric

Fireplace No

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

Total Parking Spaces 4

Garage No

Private Pool No

Building

Faces Take I-985N towards Gainesville. Take exit 24 towards US-129 N. Turn left onto US-129. Turn Right at the intersection with QT, Publix & Chick-fil-A to remain on US-129. You'll turn right to remain on US-129 again in 2 miles. Keep driving for 4 miles - you'll cross over Lake Lanier a couple times. Tu

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

HOA Fee Include None

Tax ID 10142 000035

Special Listing Condition Updated/Remodeled

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Nicole Van Den Bergh

Broker | License ID: 381292

+1(770) 283-1223

3970 Darryl LN Gainesville, GA 30506

Nicole Van Den Bergh

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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3970 Darryl LN

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