3603 Spring Drive Northwest

Peachtree Corners, GA 30092

$495,000
Price
12
Beds
5
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Welcome to a fantastic investment opportunity of this recently foreclosed home! This impressive 12-bedroom, 5-bathroom house with two kitchens and three laundries is a great income generator for investors and it can accommodate multiple families. The house is currently configured for maximum rental income. Also, it's ideal for primary residency for a large family seeking spacious and comfortable living. Located in a family-friendly community at the border of Peachtree Corners City and Dunwoody, offering...Welcome to a fantastic investment opportunity of this recently foreclosed home! This impressive 12-bedroom, 5-bathroom house with two kitchens and three laundries is a great income generator for investors and it can accommodate multiple families. The house is currently configured for maximum rental income. Also, it's ideal for primary residency for a large family seeking spacious and comfortable living. Located in a family-friendly community at the border of Peachtree Corners City and Dunwoody, offering convenience to I-85, I-285. and Peachtree Industrial Blvd. Situated close to shopping at Walmart Dunwoody and in walking distance to restaurants and public transportation. Come see this property for yourself and explore its potential! According to property records - proforma income from the renting the entire home: main level - 4 BR 2 Full BA, large kitchen, laundry, living room, two terraces, two own entrances - $1,800/month, upper level - 2 BR 1 Full BA, laundry and living room - $1,300/month. lower level - 6 BR, 2 Full BA, laundry and small kitchenette - each room can be rented for $650/month. Overall total potential gross income is $84,000/year and with all subtracted expenses - CAP rate for that property will be around 12%.
  1. Listed by Igor Arkhipov • Realco Brokers, Inc.

Property Details for 3603 Spring Drive Northwest

Subdivision Complex
Winterhill
Parking Features
Carport
Property Attached
No
Waterfront Features
None

Location

Listing Courtesy of Realco Brokers, Inc., Igor Arkhipov
Add your commute
LISTING UPDATED: 05/01/2024 04:03 AM

Property Details for 3603 Spring Drive Northwest

StatusActive
MLS #7377240
Days on Market30
Taxes$10,892 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Other
Year Built1998
Lot Size0.46 AC / 20,037 SF
CountyGwinnett County

Location

Listing Courtesy of Realco Brokers, Inc., Igor Arkhipov
Add your commute

Building Information for 3603 Spring Drive Northwest

Stories3Residences3Year Built1998Building Size-Lot Size0.46 AC / 20,037 SF

Payment Calculator

$3,609 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,701

Property Taxes

$908

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3603 Spring Drive Northwest

Summary
Location and General Information
  • Community Features: None
  • Directions: Depends from GPS please enter 3603 Spring Rd or 7115 Chappell Cir Atlanta GA 30360 from your current location, follow these directions: (1) Head southwest on GA-141 S. (2) Take the exit toward Winters Chapel Rd/Amwiler Rd.Merge onto Peachtree Industrial Blvd. (3) Turn right onto Winters Chapel Rd. Turn right onto Spring Dr NW. (4) Turn right onto Chappell Ln NW. (5) The entrance to the house will be on the other street of the subdivision at the end of Chappell Ln.
  • Lake Name: None
  • View: Bay
  • Coordinates: -84.260168, 33.935825
Taxes and HOA Information
  • Parcel Number: R6277B110
  • Tax Year: 2023
  • Association: No
  • Block: 0
  • Tax Legal Description: L16 BM WINTERHILL #4 ADDITION
  • Tax Lot: 0
School Information
  • Elementary School: Peachtree
  • High School: Norcross
  • Middle School: Pinckneyville
Interior and Exterior Features
Interior Features
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Heating: Central, Natural Gas
  • Flooring: Ceramic Tile, Hardwood
  • Levels/Stories: Three Or More
  • Window Features: Insulated Windows
  • Bathrooms Total Interger: 0
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Frame, Vinyl Siding
  • Dock: None
  • Fencing: None
  • Roof Type: Composition
  • Security Features: None
  • Pool Private: No
Property
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
  • Water Source: Public
Property and Assessments
  • Home Warranty: No
  • Proposed Financing: 1031 Exchange, Cash, Conventional, FHA, FHA 203(k)
  • Plat Book: 0
  • Plat Page: 0
  • Property Condition: Resale
  • Possession: Close Of Escrow
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Section/GMD: 0
  • Land lot: 0
  • Lot Features: Cul-De-Sac, Private, Wooded
  • Acreage Source: Public Records
Multi Family
Multi-Family Information
  • Unit Count: 3
  • NUM OF UNITS: 3
Income & Expenses Information
  • Gross Annual Income: $84,000.00
  • N.O.I. $: $70,000.00
  • Annual Expenses: $20,000.00
Unit 1
  • Unit Deposit Amount: $1,800.00
  • Unit Electric Included: Yes
  • Unit Features: Central Air, Deck, Dishwasher, Disposal, Hardwood Floors, Microwave, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Vacant
  • Unit Water Included: Yes
  • Unit Rent Amount: $1,800.00
  • Unit Full Baths: 2
  • Unit Bedrooms: 4
Unit 2
  • Unit Deposit Amount: $650.00
  • Unit Electric Included: Yes
  • Unit Features: Central Air, Hardwood Floors, Microwave, Range/Oven, Refrigerator
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Vacant
  • Unit Water Included: Yes
  • Unit Rent Amount: $3,900.00
  • Unit Full Baths: 2
  • Unit Bedrooms: 6
Unit 3
  • Unit Deposit Amount: $1,300.00
  • Unit Electric Included: Yes
  • Unit Features: Central Air, Hardwood Floors
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Vacant
  • Unit Water Included: Yes
  • Unit Rent Amount: $1,300.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 2
Rental
Rent Information
  • Occupant Types: Vacant

Property History for 3603 Spring Drive Northwest

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3603 Spring Drive Northwest

Taxable ValueLand$23,200Additions$275,800Total$299,000
Tax Record2023$10,892 ($908 / month)
Home Facts
Beds3Baths2Total Finished SqFt2,664 SqFtAbove Grade Finished SqFt2,664 SqFtStories2Lot Size20,038 SqFtStyleSingle Family ResidenceYear Built1998ZoningR75-SINGLE FACountyGWINNETTAPN6-277B-110Fireplace TypeHas Fireplace

Schools near 3603 Spring Drive Northwest

This home is within Gwinnett County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 11
Public - 9 to 12
Rating
School
Distance
Susan Stripling Elementary School
PublicPK to 5

Pinckneyville Middle School
Public6 to 8

Paul Duke STEM High School
Public9 to 11

Norcross High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3603 Spring Drive Northwest is a multi-family home for sale in Peachtree Corners, GA 30092. This property was listed for sale on April 28, 2024 by Realco Brokers, Inc., it's currently listed at $495,000. It has been on the market for a total of 30 days and was last sold on March 9, 2007. This listing's school district is Gwinnett County School District. Nearby schools include Susan Stripling Elementary School, Pinckneyville Middle School and Paul Duke STEM High School. 3603 Spring Drive Northwest is a 12-bed, 5-bath, multi-family home built in 1998.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realco Brokers, Inc., Igor Arkhipov

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.