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24 E Main St, Gainesville, GA 30501

MLS Number: 10711029 7735612
Print Flyer $359,000.00 List Price
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Listing Description

Investor opportunity – cash-flowing duplex priced to sell. Property features two 3BR / 1BA units currently tenant occupied with strong in-place rents of $1,650 per unit ($3,300 monthly / $39,600 annually). Extensive updates completed in 2024, including new roof, plumbing, ductwork, appliances, flooring throughout, and tile showers, helping minimize near-term maintenance and making the units highly attractive to tenants. Large three-bedroom layouts support strong rental demand in the Gainesville market. No appraisal contingency due to strong cash flow. Property is tenant occupied – do not disturb tenants. Showings will be scheduled only after proof of funds is provided. Excellent opportunity for investors seeking immediate income.

Location

Street #
24
Dir Prefix
Street Name
E Main St
Dir Suffix
County
Hall
City
Gainesville
Zip Code
30501
Subdivision/Comples
None
Elementary School
Sandra Deal Elementary
Middle School
Gainesville
High School
Gainesville

Listing

Property Subtype
Duplex
Tax ID
09123 000003
PPIN or Alt APN
Legal Description
LOT 199 SECTION 3 PACOLET MFG
Year Built
1900
Block
N/A
Landlot
N/A
District
01
Section/GMD
Lot
.34
Plat Book
N/a
Plat Page
N/a
Deed Book
Deed Page
Acres
.34
Acreage Source
Assessor
Lot Size Dimensions
15,000
Special List Conditions
None
Special Circumstances (Max 4)
Investor Owned, Sold As/Is
Property Condition
Updated/Remodeled

Financial

Taxes
2331
Tax Year
Gross Income $
39,600
Annual Expenses $
3800
N.O.I $
35700
Cap Rate
9.94
Proposed Financing (Max 5)
Cash
Assumable
No
# of Units
2

Units IF MORE THAN 2 UNITS please send an email with additional unit information to info@clickitrealty.com and reference property address

Available Date
3/17
Bedrooms
3
Full Bath
1
Half Bath
0
Rent Amount$
1650
Deposit Amt$
1650
Occupant
Tenant Occupies
Water Included
Yes
Electric Included
No
Gas Included
No
Garbage Included
No
Maint Included
No
Features (Max 8)
Carpeting, Central Air, Dishwasher, Fire Alarm, Microwave, Range/Oven, Refrigerator, Smoke Alarm, Walk-In Closet, Wash/Dry Connect

Interior

Accessibility Features (Max 10)
Full Bath, Hallway(s), Kitchen, Kitchen Appliances
Heating (Max 4)
Heat Pump
Cooling (Max 5)
Central Air
Utilities (Max 7)
Cable Available, Electrictiy Available, Natural Gas Available, Sewer Available, Underground Utilities, Water Available
Security Features (Max 3)
None
Flooring (Max 4)
Carpet, Vinyl
Window Features (Max 3)
Double Panes
Furnished

Exterior

Levels/Stories (Max 1)
2
Construction Materials (Max 3)
Brick 3 Sides, Wood Siding
Roof Type (Max 4)
Shingle
Lot Features (Max 6)
Back Yard, Front Yard
Fencing (Max 5)
None
Parking Features (Max 7)
Driveway
# Parking Spaces
Water Source (1 only)
Public
Sewer
Public Sewer

Setting

Lake Name
Waterfront Footage
Waterfront Features (Max 4)
None
Waterfront Amenities (Max 5)
None
View (Max 3)
City
Community Features (Max 12)
None

Green

Green Building Certification (Max 4)
HERS Indes Rating
Green Energy Efficient (Max 6)
None
Green Energy Generation (Max 3)
None

Additional Information

Occupant Type
Tenant
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