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$877,986Estimated home value

Beds
Unknown
sq ft
Unknown

6350 Bannister Rd, Cumming, GA 30028

6350 Bannister Rd

Cumming, GA 30028

  • Off market
    • Price drop $15,000↓
**Property Description: Dual Residence Investment Opportunity** Nestled on a single expansive lot, this unique property presents an exceptional investment opportunity with two charming houses, each offering a comfortable and inviting living space. **Blue House - 6350 Bannister Road:** - Monthly Rent: $2,000 - Security Deposit: $2,000 (Transfers with the sale) - Layout: Spacious 3 bedrooms, 2 full bathrooms - Tenant Responsibility: All utilities, including garbage - Interior: Thoughtfully designed interiors with ample natural light and modern finishes, creating a warm and welcoming atmosphere. - Exterior: A vibrant blue facade adds character to the property, complemented by a well-maintained yard. **White House - 6370 Bannister Road:** - Monthly Rent: $1,600 - Security Deposit: $1,600 (Transfers with the sale) - Layout: Mirrors the blue house with 3 bedrooms and 2 full bathrooms - Tenant Responsibility: Similar to the blue house, tenants cover all utilities and garbage disposal. - Interior: Light-filled rooms with a neutral color palette, providing a blank canvas for personalization. - Exterior: The white house features a classic exterior, contributing to the overall curb appeal of the property. **Shared Amenities:** - Both houses enjoy the convenience of a shared lot, creating a sense of community while maintaining individual privacy. - Parking: Sufficient parking space for residents and guests. **Investment Potential:** This dual-residence property not only provides a steady monthly income but also offers the flexibility of dual tenancy. Investors can capitalize on the robust rental market, and tenants benefit from the convenience of shared amenities while enjoying their private spaces. Don't miss the chance to own this income-generating property with two well-maintained houses. Schedule a viewing today to explore the potential of this dual-residence investment!

Details

Property type

Est. home value

$877,986

Property condition

Updated/Remodeled

Lot size

2.00 acres

Price per sq ft

Unknown

Year built

1942

Annual property taxes

$3,474

Price History

07/25/2024
FMLS

FMLS #7328591

Removed
$599,900
04/08/2024
FMLS

FMLS #7328591

Price change
$599,900
-2.44%
03/24/2024
FMLS

FMLS #7328591

Price change
$614,900
-5.39%

Schools & Community

Elementary school: 

Coal Mountain

Middle school: 

North Forsyth

High school: 

North Forsyth

Community features: 

None

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Kirkland Ricky

Loan start date

December 2022

Original loan amount

$200,000

Est. remaining balance

$0

Interest rate

6.92%

Loan type

New Conventional, 1 year

Seller

Landmark Realty Associates Inc and Bagwell Gravitt Llc Etal

Lender

Kirkland Ricky

Loan start date

December 2022

Original loan amount

$200,000

Est. remaining balance

$0

Interest rate

6.92%

Loan type

New Conventional, 1 year

Seller

Landmark Realty Associates Inc and Bagwell Gravitt Llc Etal

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 10/04/2024 at 11:05 PM

Listing updated: 04/17/2024 at 2:34 AM

Listed by: Gabriel Gravitt, Landmark Realty Associates, Inc. Phone #: (770) 886-9499

MLS: FMLS #7328591

FMLS logo

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