1409 Hillcrest DR Sugar Hill, GA 30518
UPDATED:
01/15/2025 02:35 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7508984
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1964
Annual Tax Amount $2,617
Tax Year 2023
Lot Size 0.530 Acres
Acres 0.53
Property Description
An exceptional opportunity to acquire two income-producing units at 1409 Hillcrest Drive, offering a solid 8.6% cap rate in a high-demand market. This turnkey duplex features significant capital improvements, delivering long-term value for investors.
Updates, updates!! Updates include a conversion from septic to sewer!! (permits included), completely renovated bathrooms, and durable vinyl plank flooring in the lower level, ensuring tenant appeal and low maintenance - granite countertops in kitchens. Updated HVAC, new furnace, new tankless water heater!
Key Features:
• 2 Total Income-Producing Units in the thriving Sugar Hill / Buford market.
• Capital Improvements:
o Transitioned from septic to sewer with all permits included.
o Fully renovated bathrooms and durable, modern finishes.
• Convenient Location near shopping, dining, and major transportation routes.
• All Units Tenant-Occupied, ensuring consistent cash flow.
• 8.6% Cap Rate, making this property an attractive investment opportunity.
• Financing Flexibility: Utilize a DSCR loan (Debt Service Coverage Ratio loan) through a preferred lender. Designed specifically for investors, this loan focuses on the property's income potential rather than personal income, streamlining the qualification process.
Additional Information:
• Rent Roll and detailed property information are available upon request.
• Showings by Appointment Only after an accepted offer during the due diligence period. Please do not disturb tenants.
EXPAND YOUR PORTFOLIO!!
986 Level Creek Drive Property Also Available!
For investors seeking to maximize income and streamline management, consider adding the Level Creek Drive Property, featuring 3 income-producing units, to your portfolio. This property includes a brick duplex and a detached yellow home, each with separate utilities. Together, the Hillcrest and Level Creek properties create a 5-unit portfolio with a combined 8.6% cap rate.
Don't miss this opportunity to secure a strong return on investment! Whether purchased individually or as part of a portfolio, the Hillcrest Drive property provides excellent rental income potential in one of Georgia's most desirable markets. Let our preferred lender assist you with a seamless DSCR loan to make this investment a reality.
Location
State GA
County Gwinnett
Lake Name None
Interior
Heating Central
Cooling Central Air
Flooring Hardwood, Luxury Vinyl, Wood
Window Features Double Pane Windows,Wood Frames
Exterior
Parking Features Carport, Driveway, Level Driveway
Fence None
Community Features Near Public Transport, Near Schools, Near Shopping, Restaurant, Sidewalks, Street Lights
Utilities Available Cable Available, Electricity Available, Water Available
Waterfront Description None
View Trees/Woods, Other
Roof Type Composition
Accessibility None
Handicap Access None
Total Parking Spaces 6
Private Pool false
Building
Lot Description Level, Private
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Wood Siding
New Construction No
Construction Status Resale
Schools
Elementary Schools Sycamore
Middle Schools Lanier
High Schools Lanier
Others
Senior Community no
Acceptable Financing 1031 Exchange, Cash, Conventional, Owner May Carry
Listing Terms 1031 Exchange, Cash, Conventional, Owner May Carry
Special Listing Condition None
