3912 Darryl Ln

Gainesville, GA 30506

Gorgeous Duplex for sale. Renovations were completed on 12/11/2020. The property management company is currently marketing each unit at $1,400 per month. Owner has also had interest from a local hospital about renting by the room to traveling nurses at $1,000 per room per month. Each unit is 3/2 and 1500 square feet. Tenants pay all utilities Seller is willing to consider concessions for driveway grading. Property falls into the 1% rule. Bring in $2,800 a month, or live in one side and rent the other. Area is exploding with growth and the rental market is unable to keep up with the demand. New owner will not be obligated to keep current property manager. Everything inside and out has been replaced which means this will be a very low maintenance property. Breakdown of estimated annual expenses: Taxes-$1,445 Insurance-$2,200+/- Maintenance reserve-$2,800 Property management-$3,360 This leaves an estimated NOI of $23,795. The figures quoted are not guaranteed by the listing broker and are provided by the current owner.