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$349,995
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$3,866 |
1969 |
|
On the market:
30 days
|
View full details, photos, school info, and price history
$96K PRO FORMA | VACANT | 8-BEDROOM CONVERSION PLAY
Stop chasing 6% yields. Turn this massive, recently renovated tri-level into an $8,000/month cash machine.
The Strategy:
Currently a 5BR/3BA, the spacious floor plan is a "blank slate" perfectly suited for a high-yield conversion. By utilizing the finished basement and secondary living areas, you can easily scale to an 8-Bedroom Co-Living Powerhouse.
The Numbers:
Pro-Forma Income: 96,000/Year(96,000/Year(1,000/room x 8)
Cap Rate: 20%+ potential once stabilized
Status: VACANT. No tenants to displace, start your build-out on Day 1.
The Asset:
Built for high-density durability with hardwood floors, a modern kitchen, and fully renovated bathrooms. Situated on a huge 0.45-acre lot with a massive driveway for multi-tenant parking and NO HOA restrictions.
The Location:
A "Zero Vacancy" pocket of Lawrenceville. Minutes from Gwinnett Place Mall and I-85. This is a plug-and-play asset for the investor ready to dominate the workforce housing market.
Listing courtesy of James YEH, TruPorch Homes