$50,000
●
House -
Off Market
6 North Avenue
Gainesville, GA 30504
2 Beds
0 Bath
$104,539
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model
About This Property
Vintage 2 bedroom, 1.5 bath home moments outside Oakwood and
Gainesville City limits. The main floor includes a cute kitchen
with view into living room and dining rooms with hardwood floors
and a full bath; Downstairs offers 2 bedrooms and a half bath, plus
a laundry room and sitting area. A new porch off the back overlooks
a peaceful backyard with creek and storage building. All appliances
included in sale. Great investment opportunity.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$30
HOA Dues
-
Year Built
1926
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (FMLS #5556217)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 6, 2024 | Sold | ||
| Sold | |||
| Aug 9, 2024 | In contract | - | |
| In contract | |||
| Jul 11, 2024 | Listed by Housepad | $245,000 | |
| Listed by Housepad | |||
| | |||
|
Discover a prime investment opportunity in Gainesville! This charming two-story home, backing up to Elachee Nature Center, is perfectly updated and ready to become a lucrative rental property. With modern upgrades including a new roof and HVAC units, this cozy home is an excellent choice for generating steady passive income.
The property features two bedrooms, one and a half bathrooms, and a fully finished basement, providing ample living space. Recent renovations include a complete gut and redo, new Luxury Vinyl Plank (LVP) floors, and an added deck. The home also offers a walk-in closet and master bath in the master bedroom, a downstairs laundry room, and a small shed for extra storage.
Local hotspots like Laurel Park, Luna's Restaurant, Gainesville Square, and Lake Lanier enhance the appeal of this property, making it a desirable rental for tenants. With the current tenant moving out at the end of July, you can start generating income quickly. Don't miss this fantastic investment opportunity!
| |||
| Jul 22, 2022 | Sold | ||
| Sold | |||
| Jun 17, 2022 | Listed by Keller Williams Lanier Partners | $150,000 | |
| Listed by Keller Williams Lanier Partners | |||
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Hall
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Currently no similar homes aroundNearby Rentals
Listed by: Alicia T Parks, Keller Williams Lanier Partners
Last Updated: 3 years ago
Data Source: FMLS, MLS# 5556217
Last Updated: 3 years ago
Data Source: FMLS, MLS# 5556217
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