3-unit Multifamily in Gwinnett County - Grayson High School

[Zac Caudell]

Incredible opportunity for cashflow! Buy a duplex and a SFR for the price of one house. The property would also be great for house hacking, live in one unit and rent out the other two. Get your mortgage paid and have cash flow! Rents listed above are higher than average because utilities are included. BONUS: There is a well and a creek on the property! (Do not disturb tenants)

Gross Annual Income - $49,200

Property Taxes - $ 3,093

Insurance - $ 1,680

Utilities - $ 4,800 

Annual Cash Flow - $39,627
Monthly Cash Flow - $ 3,302

Repairs Needed

Duplex - Unit 1 - $10,000
Needs a new roof, some cornice and facia repairs, new AC unit

Duplex - Unit 2 - $0
No repairs needed.

House - Unit 3 - $30,000
Needs a new roof, some cornice and facia repairs, new siding on one side, new kitchen, new downstairs bath, sink install for upstairs bath, flooring throughout, some drywall install, paint throughout, and some interior doors.Repairs already completed: demo, new slab foundation, new kitchen floor system, new beams for open floor plan.

See all photos at these links:

Duplex - Unit 1
Duplex - Unit 2
House - Unit 3