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$409,900

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0.68 Acres Lot

Active Under Contract

351 Freeport DR #351 & 349 Lawrenceville, GA 30046

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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 Active Under Contract

Purchase Type For Sale

Subdivision Yorktowne

MLS Listing ID 10803877

HOA Y/N No

Year Built 1985

Annual Tax Amount $5,013

Tax Year 2025

Lot Size 0.680 Acres

Acres 0.68

Lot Dimensions 29620.8

Property Sub-Type Multi Family,Duplex

Source Georgia MLS 2

Property Description

*** CALLING ALL INVESTORS *** Duplex for Sale in Lawrenceville, GA | Cash-Flow Investment Property Near Northside Hospital & Georgia Gwinnett College | TURN-KEY, MOVE-IN READY, 4-SIDE BRICK DUPLEX FOR SALE IN THE HEART OF LAWRENCEVILLE! | WELL MANICURED OVERSIZED CORNER LOT (3/4 +/- Acre), this asset is pristine condition and includes TWO SEPARATE UNITS (2 bd / 1 Ba each) w/ TWO SEPARATE ELECTRICAL METERS/ENTRANCES/PARKING. Both Units are in impeccable condition and have 1 oversized Bathroom in the hallway for joint tenant use per unit & come 'fully loaded' with Hand scraped LVP Hardwood flooring throughout, Updated Bathrooms, Updated Kitchen, Light and Airy paint scheme throughout and so much more! NEWER FLOORING/ROOF/HVAC/WATER HEATER/BATHROOMS/Fresh Paint Inside/Out! Annual Rate of Return/Capitalization Rate is roughly 8-10% with a low level of maintenance & NO HOA ensures optimal returns for investors! Excellent long term tenant payment history and and/or future cash flow increase and or value add opportunities as tenant is on a month-to-month basis and the other unit is vacant. 10% Capitalization Rate & NO HOA make this one a great pick for institutional investors or even private buy/hold portfolio investors. Discover an outstanding duplex investment opportunity in Lawrenceville, GA at 351 Freeport Drive, Lawrenceville, GA 30046. Whether you're searching for a cash-flow rental property, a house hacking opportunity, or a multi-family investment in Gwinnett County, this well-maintained all-brick duplex offers immediate income with excellent upside potential. One unit is currently leased at $1,400 per month, while the second unit is vacant, allowing an investor to lease at current market rates or an owner-occupant to live in one side while generating rental income from the other. Based on projected rents of $1,650 per month per unit, the property offers an estimated $3,300 in gross monthly rental income. Seller's financial analysis reflects an approximate 9.34% projected capitalization rate based on these projected rental figures. Buyers should independently verify all income, expenses, and investment projections during due diligence. Recent improvements include a newer roof, luxury vinyl plank flooring throughout, white shaker cabinets, updated countertops, and modern finishes designed to attract quality tenants while minimizing future maintenance. The durable four-sided brick exterior provides lasting value, and the spacious lot offers privacy with room to enjoy outdoor living. Location is one of this property's greatest strengths. Situated just minutes from Northside Hospital Gwinnett, Georgia Gwinnett College (GGC), Historic Downtown Lawrenceville, the Gwinnett Justice & Administration Center, shopping, restaurants, and entertainment, this duplex is positioned in a high-demand rental market. Adding even more long-term value, the brand-new Discovery Park is currently under development just outside the subdivision, bringing expanded green space, recreation, walking trails, and another exciting amenity to one of Gwinnett County's most desirable areas. Whether you're a seasoned real estate investor, first-time investment property buyer, or owner-occupant looking to offset your mortgage with rental income, 351 Freeport Drive delivers the combination of location, cash flow, rental demand, and future appreciation that today's buyers are searching for. Investment Highlights: One unit occupied, one unit vacant. Projected gross rents of approximately $3,300/month Approximate 9.34% seller-projected cap rate. Newer Roof & LVP FLOORING, Four-sided brick construction, Minutes to Northside Hospital Gwinnett, Near Georgia Gwinnett College, Close to Downtown Lawrenceville, Easy access to I-85, GA-316, Sugarloaf. *** For more info or to arrange your private showing Text 'ZachMaxey' to '59559' ** APPOINTMENT ONLY!

Location

State GA

County Gwinnett

Rooms

Bedroom Description No

Basement None

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Laundry In Unit

Exterior

Parking Features Off Street

Garage Spaces 4.0

Community Features Near Public Transport, Walk To Schools, Near Shopping

Utilities Available Electricity Individual Meters, Sewer Connected

View Y/N No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Faces Kindly use GPS.

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick

New Construction No

Schools

Elementary Schools Mckendree

Middle Schools Richards

High Schools Discovery

Others

HOA Fee Include None

Tax ID R5112 097

Acceptable Financing FHA, Conventional

Listing Terms FHA, Conventional

Special Listing Condition Resale

NEARBY SCHOOL & BUSINESS

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Nicole Van Den Bergh

Broker License ID: 381292

+1(770) 283-1223

351 Freeport DR #351 & 349 Lawrenceville, GA 30046

Nicole Van Den Bergh

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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351 Freeport DR #351 & 349

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