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3603 Spring Drive
Atlanta, GA 30360
–
beds
–
baths
~1/2
acre lot
1998
build
–
on site
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%.
Listing courtesy of FMLS / Realco Brokers, Inc.
Last checked:
Checking…
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Last updated May 1, 2024
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MLS# 7377240 —
This property is listed in more than one place. See it here.
The Building
Year Built:
1998
Construction Materials:
Frame
Levels:
Three Or More
Roof:
Composition
Window Features:
Insulated Windows
Security Features:
None
Accessibility Features:
None
Green Energy Efficient:
None
# of Units Total:
3
Interior
Room Basement Level:
Basement
Flooring:
Ceramic Tile
Location
Directions:
Depends from GPS please enter 3603 Spring Rd or 7115 Chappell Cir Atlanta GA 30360 from your current location, follow these directions: (1) Head southwest on GA-141 S. (2) Take the exit toward Winters Chapel Rd/Amwiler Rd.Merge onto Peachtree Industrial Blvd. (3) Turn right onto Winters Chapel Rd.
Turn right onto Spring Dr NW. (4) Turn right onto Chappell Ln NW. (5) The entrance to the house will be on the other street of the subdivision at the end of Chappell Ln.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date
Event
Source
Price
% Change
4/29/24
Apr 29, 2024
Listed / Active
FMLS
$495,000
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No additional history available
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Want to see this home?
Multifamily
For Sale– Foreclosure
$495,000
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Listing provided by broker:
Igor Arkhipov
Realco Brokers, Inc.
Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
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This multifamily located in Peachtree Corners, GA 30360 is currently for sale for $495,000. 3603 Spring Drive is a multifamily with – beds and – baths that has been on Estately for 22 days. This multifamily is in the attendance area of Susan Stripling Elementary School, Norcross High School, and Pinckneyville Middle School.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
Checking…
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Last updated May 1, 2024
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