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$695,999

Beds
Unknown
sq ft
Unknown

986 Level Creek Rd, Sugar Hill, GA 30518

986 Level Creek Rd

Sugar Hill, GA 30518

  • 7 days on market
Prime MULTI-FAMILY Investment Opportunity – 8.6% Cap in Sugar Hill / Buford - use preferred lender for a DSCR LOAN!! 3 Income-Producing Units – Turnkey Investment Opportunity! Prime Multi-Family Investment Opportunity – 8.6% Cap in Sugar Hill / Buford! An exceptional opportunity to acquire three income-producing units at Level Creek Drive, offering a solid 8.6% cap rate in a high-demand market. Financing Flexibility!!! Investors can take advantage of a DSCR loan (Debt Service Coverage Ratio loan) through a preferred lender, focusing on the property’s income potential rather than personal income, streamlining the qualification process for this profitable investment. (Please see below about expanding your portfolio as well.) This property offers excellent rental income potential, featuring: • Two units in a 4-sided brick duplex (3-bedroom, 1-bathroom upstairs and 2-bedroom, 1-bathroom on the lower level) – Large Rooms and Closets!! • An additional detached 2-bedroom, 1-bathroom yellow home apartment, situated above a 2-car garage just behind the main duplex. Each of the 3 units operates on separate utilities, simplifying property management for investors. Key Features: • 3 Total Income-Producing Units in the thriving Sugar Hill / Buford market. o Brick Duplex: Two units rented separately (upper and lower levels). o Detached Yellow Home: A standalone rental unit located behind the duplex. • Convenient Location near shopping, dining, and major transportation routes. • All Units Tenant-Occupied, ensuring consistent cash flow. • 8.6% Cap Rate, offering a strong return on investment. • Financing Made Easy: Preferred lender offers a seamless DSCR loan option tailored to income-producing properties. Additional Information: • Rent Roll and detailed property information are available upon request. • Showings by Appointment Only after an accepted offer during the due diligence period. Please do not disturb tenants. EXPAND YOUR PORTFOLIO!!! 1409 Hillcrest Drive Property Also Available: For investors looking to maximize income and streamline management, the Hillcrest Drive Property Duplex is also available. This turnkey duplex features 2 income-producing units with significant capital improvements, including a conversion from septic to sewer and fully renovated interiors!! Updated HVAC, new furnace, new tankless water heater!! Purchasing both properties together creates a 5-unit portfolio with strong income potential and a combined 8.6% cap rate. Don’t miss this chance to secure a high-performing investment in one of Georgia’s most desirable markets! Whether purchased individually or as part of a portfolio, the Level Creek Drive property provides outstanding rental income potential. Work with our preferred lender to take advantage of a DSCR loan and make this opportunity yours today!

Details

Property type

Est. home value

$522,528

Lot size

0.70 acres

Price per sq ft

Unknown

Year built

1954

Annual property taxes

$4,669

HOA

No

Price History

01/15/2025
FMLS

FMLS #7509028

Listed
$695,999
+46.53%
08/02/2021
FMLS

FMLS #6881032

Sold
$475,000

Schools & Community

Elementary school: 

Sugar Hill - Gwinnett

Middle school: 

Lanier

High school: 

North Gwinnett

Community features: 

Sidewalks

Negotiation Insights

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

Seller could get up to

$362,867
Asking price
$695,999
Closing costs (~8% of asking)
-$55,680
Est. remaining loan balance
-$277,452
Cash to seller
$362,867

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Home Point Financial

Loan start date

January 2022

Original loan amount

$296,250

Est. remaining balance

$277,452

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Patrick Gifford Orielly

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: Active

Tomo last checked: 01/22/2025 at 5:15 PM

Listing updated: 01/19/2025 at 7:45 AM

Listed by: Cheryl Orielly, Your Home Sold Guaranteed Realty, LLC. Phone #: (678) 894-9744

MLS: FMLS #7509028

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