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Key Details
Sold Price $738,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Crystal Cove
MLS Listing ID 7282421
Sold Date 12/20/23
Construction Status New Construction
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 2023
Lot Size 0.260 Acres
Acres 0.26
Property Description
**Overview:**
Welcome to a rare investment opportunity in the picturesque city of Gainesville, Georgia. These three brand-new construction homes, located at 6590, 6600, and 6610 Old Still Trail, offer a consistent and lucrative source of rental income. All three homes share an identical floor plan, boasting 2 bedrooms, 2.5 bathrooms, and a spacious 1,200 square feet of contemporary living space. With all units currently rented at $1,800 per month, and leases extending until August 2024, this is an investor's dream come true.
**New Construction:** These homes are practically brand new, ensuring low maintenance and modern amenities.
**Spacious Layout:** Each home offers a generous 1,200 square feet of living space, making them comfortable and accommodating.
**Two Bedrooms:** Ideal for small families, roommates, or professionals seeking extra space.
**Two and a Half Bathrooms:** Ensuring convenience and privacy for occupants.
**Income Potential:** With all units already rented for $1,800 per month, you can enjoy immediate returns on your investment.
**Long-Term Rental Agreements:** Leases extend until August 2024, providing stability and income predictability.
**One-Year Prepaid Rent:** One of the tenants has prepaid rent for an entire year, adding to the financial security of this investment.
**Location:**
Nestled in the serene and sought-after area of Gainesville, Georgia, these homes are conveniently located on Old Still Trail. Situated in a line, they offer a unique opportunity for investors to own adjacent properties. This area boasts a harmonious blend of suburban tranquility and accessibility to urban amenities.
**Investment Opportunity:**
With the current rental agreements and the potential for appreciation in this thriving market, these three homes present a remarkable investment opportunity. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a hassle-free income source, these properties tick all the right boxes.
Don't miss out on this chance to own three new construction homes with a guaranteed income stream. Contact us today to schedule a viewing or gather more information about this exceptional investment opportunity in Gainesville, Georgia.
Location
State GA
County Forsyth
Lake Name None
Interior
Heating Electric
Cooling Central Air
Window Features None
Exterior
Garage Driveway
Fence None
Community Features None
Utilities Available Electricity Available, Water Available
Waterfront Description None
View Rural, Trees/Woods
Roof Type Shingle
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Steep Slope, Wooded
Story Two
Sewer Septic Tank
Water Public
Level or Stories Two
Structure Type HardiPlank Type
New Construction No
Construction Status New Construction
Schools
Elementary Schools Chestatee
Middle Schools Little Mill
High Schools East Forsyth
Others
Senior Community no
Tax ID 313 881
Special Listing Condition None
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Bought with Landmark Realty Associates, Inc.