NOT LISTED FOR SALE

1272 Sweet Pine Dr Norcross, GA 30093

-- Bed
-- Bath
4,554 Sq Ft
0.49 Acres

Last Sold October 29, 2021

Last sale price $663,000 $146 Per Sq Ft

36 Days on Market

Highlights

  • Wooded Lot
  • Forced Air Heating and Cooling System
  • Ceiling Fan
  • Four Sided Brick Exterior Elevation

About This Home

As of October 2021

Calling all investors! RARE 4 SIDE BRICK QUADPLEX IN THE HEART OF NORCROSS. All units are well maintained by excellent long term tenants. Immediate income with No immediate repairs needed. Roof replaced in August 2018. Newer HVACs in 3 units and Water heaters about 5 years old. Most appliances are newer - less than 2 years. Currently it is bringing you $46200 Gross Income. Way below market rent, yet still brings you 5.5% cap rate! You can reach 8.3% - 8.6% cap rate or higher if you bring it to market rent which is $1350-$1400. This will generate 17%-18% cash on cash return with 75% LTV. Property already separately metered for water. 10 parking spaces. Trash is included in Gwinnett property taxes. Each unit is about 1139 SF per tax record. Please do not disturb tenants. No signs.

Last Agent to Sell the Property

Claire Shoener

OneDoor Inc. License #375966 Listed on: 08/20/2021

Last Buyer's Agent

Sazzad Hussain

Maxima Realty LLC License #381892

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,182

Year Built

  • Built in 1984

Lot Details

  • 0.49 Acre Lot
  • Back Yard Fenced
  • Wooded Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 2-Story Property
  • Ceiling Fan

Parking

  • Paved Parking
  • Parking Lot

Schools

  • Minor Elementary School
  • Sweetwater Middle School
  • Berkmar High School

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Phone Available
  • Cable TV Available

Community Details

  • 4 Units
  • Sweet Pine Plantation Subdivision

Listing and Financial Details

  • Assessor Parcel Number R6183 092

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,182

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Quadruplex
  • Property Condition: Resale
  • Year Built: 1984
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Income

Interior Features

  • Window Features: None

Exterior Features

  • Construction Materials: Brick 4 Sides
  • Roof Type: Composition
  • Fencing: Back Yard

Garage/Parking

  • Parking Features: Parking Lot, Paved

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available

Condo/Co-op/Association

  • Subdivision Complex: Sweet Pine Plantation

Fee Information

  • Annual Expenses: 8582

Schools

  • Elementary School: Minor
  • Middle School: Sweetwater
  • High School: Berkmar

Lot Info

  • Acres: 0.4900
  • Lot Features: Wooded
  • Lot Dimensions: x 105
  • Parcel Number: R6183 092
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Multi Family

  • Unit Count: 4
  • Number Of Units Total: 4

Tax Info

  • Taxes: 7182.00
  • Assessor Parcel Number: R6183-092
  • Close Date: 2021-10-29
  • Tax Year: 2020

MLS Schools

  • Elementary School: Minor
  • High School: Berkmar
  • Middle School: Sweetwater

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $663,000 -2.5% $146 / Sq Ft
09/25/2021 09/25/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $680,000 +170.7% $149 / Sq Ft
09/12/2014 09/12/14 Sold $251,200 -8.7% $55 / Sq Ft
07/25/2014 07/25/14 Pending -- -- --
07/09/2014 07/09/14 For Sale $275,000 -- $60 / Sq Ft
Source: First Multiple Listing Service (FMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $10,620 $264,000 $43,040 $220,960
2022 $10,528 $265,200 $92,800 $172,400
2021 $7,151 $168,400 $42,000 $126,400
2020 $7,182 $168,400 $42,000 $126,400
2019 $4,926 $110,880 $27,200 $83,680
2018 $4,898 $110,880 $27,200 $83,680
2016 $4,466 $96,360 $27,200 $69,160
2015 $4,512 $96,360 $27,200 $69,160
2014 $3,661 $72,000 $28,000 $44,000
Source: Public Records

Agents Affiliated with this Home

  • Claire Shoener

    Seller's Agent in 2021

    Claire Shoener

    OneDoor Inc.

    (470) 899-3300

    5 in this area

    227 Total Sales

    Claire Shoener
    Section Image
  • Sazzad Hussain

    Buyer's Agent in 2021

    Sazzad Hussain

    Maxima Realty LLC

    (404) 983-1564

    18 in this area

    159 Total Sales

    Sazzad Hussain
    Section Image
  • Brian Maguire

    Seller's Agent in 2014

    Brian Maguire

    Compass

    (770) 596-0300

    6 Total Sales

    Brian Maguire
    Section Image
  • Sajid Qureshi

    Buyer's Agent in 2014

    Sajid Qureshi

    Chapman Hall Realtors

    (678) 749-2676

    32 Total Sales

    Sajid Qureshi
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6933643

First Multiple Listing Service (FMLS)

APN: 6-183 -092

Georgia Gwinnett County Norcross 30093

1272 Sweet Pine Dr, Norcross, GA

This home is located at 1272 Sweet Pine Dr, Norcross, GA 30093 since 20 August 2021. This property was built in 1984. 1272 Sweet Pine Dr is a home located in Gwinnett County with nearby schools including Minor Elementary School, Berkmar Middle School, and Berkmar High School.

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