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1322 Sweet Pine DR Norcross, GA 30093
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Key Details
Sold Price $960,000
Property Type Multi-Family
Sub Type Multi Family,Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Sweet Pine Plantation
MLS Listing ID 10706932
Sold Date 04/24/26
HOA Y/N No
Year Built 1985
Annual Tax Amount $11,845
Tax Year 24
Lot Size 0.620 Acres
Acres 0.62
Lot Dimensions 27007.2
Property Sub-Type Multi Family,Quadruplex
Source Georgia MLS 2
Property Description
4-Unit Multifamily Investment Opportunity in Norcross, Gwinnett County. Well-maintained brick quadruplex located in the established Sweet Pine community. The property is 100% occupied and generates approximately $93,600 in annual gross income, providing strong in-place cash flow with additional upside through future rent growth. Each unit features a spacious 2BR / 2.5BA townhouse-style layout with private entrances, washer and dryer hookups, outdoor deck and patio areas, fireplaces, and basement levels that provide additional space and storage. One basement is already fully finished and generating additional income. The remaining three basement levels offer significant value-add potential; once finished, units could achieve approximately $2,400 per month in rent. Recent capital improvements include a roof approximately 4 years old and HVAC systems replaced within the past 3-4 years. Utilities are separately metered for electricity and water with tenants responsible for payment, helping reduce operating expenses. No HOA and on-site assigned parking. Convenient Norcross location with strong access to I-85, major employment centers, shopping, and transportation corridors. Excellent opportunity for investors seeking a stabilized income-producing multifamily asset with additional value-add potential in Gwinnett County.
Location
State GA
County Gwinnett
Rooms
Bedroom Description No
Interior
Heating Central, Natural Gas
Cooling Ceiling Fan(s), Electric, Gas
Fireplace No
Exterior
Parking Features Assigned
Community Features None
Utilities Available Electricity Individual Meters, Gas Individual Meters, Water Individual Meters
View Y/N No
Garage No
Private Pool No
Building
Faces From I-85 North take Exit 102 (Jimmy Carter Blvd). Turn right onto Jimmy Carter Blvd and continue approximately 2 miles. Turn left onto Singleton Road, then turn right onto Sweet Pine Drive. Property will be on the left at 1322 Sweet Pine Drive, Norcross, GA 30093.
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Minor
Middle Schools Berkmar
High Schools Berkmar
Others
HOA Fee Include None
Tax ID R6183 097
Acceptable Financing 1031 Exchange, Cash, Conventional, Credit Report Required, Freddie Mac Approved
Listing Terms 1031 Exchange, Cash, Conventional, Credit Report Required, Freddie Mac Approved
Special Listing Condition Resale
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