$495,000
Active
15 Days Online
0 Beds0 Baths0 SQFT
Active

3603 Spring Drive Atlanta, GA 30360

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Welcome to a fantastic investment opportunity of this recently foreclosed home! This impressive 12-bedroom, 5-bathroom house with two kitchens and three laundries is a great income generator for investors and it can accommodate multiple families. The house is currently configured for maximum rental income. Also, it's ideal for primary residency for a large family seeking spacious and comfortable living. Located in a family-friendly community at the border of Peachtree Corners City and Dunwoody, offering convenience to I-85, I-285. and Peachtree Industrial Blvd. Situated close to shopping at Walmart Dunwoody and in walking distance to restaurants and public transportation. Come see this property for yourself and explore its potential! According to property records - proforma income from the renting the entire home: main level - 4 BR 2 Full BA, large kitchen, laundry, living room, two terraces, two own entrances - $1, 800/month, upper level - 2 BR 1 Full BA, laundry and living room - $1, 300/month. lower level - 6 BR, 2 Full BA, laundry and small kitchenette - each room can be rented for $650/month. Overall total potential gross income is $84, 000/year and with all subtracted expenses - CAP rate for that property will be around 12%.

  • Property TypeMulti-Family
  • NeighborhoodWinterhill
  • CountyGwinnett
  • Taxes$10,892
  • HOA/Condo/Coop Fees$0
  • Days on Site15 Days
  • MLS StatusActive
  • MLS ID Number7377240
  • Home Size Source N/A
  • Year Built1998
  • Lot Size0.46 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction FrameVinyl Siding
  • Parking Carport
  • Sewer Public Sewer
  • Number of Stories Three Or More
  • Acreage 0.46
  • Water Public
  • Security None
  • Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available
  • Listing Conditions Real Estate Owned

Interior Features

  • Cooling Ceiling Fan(s)Central AirElectric
  • Heating CentralNatural Gas
  • Flooring Ceramic TileHardwood
  • Window Features Insulated Windows

Exterior Features

  • Roof Composition
  • View Bay
  • Fencing None
  • Waterfront Property No
  • Waterfront Features None
  • Lot Cul- De- SacPrivateWooded

Community Features

  • Community Features None
  • Security Features None

Schools

School District
Unknown
Elementary School
Peachtree
Middle School
Pinckneyville
High School
Norcross

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Monthly Payment (Est.)

$2,659
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