For Sale
$1,000,000

3846 Moran WayPeachtree Corners, GA 30092

Four-unit rental, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a four-unit multifamily property located at 3846 Moran Way, Peachtree Corners, Georgia, 30092. The property, built in 1982, boasts a total of 4,712 square feet and sits on a single lot. Currently operating at 100% occupancy with four units, each featuring two spacious bedrooms and one and a half bathrooms, this property offers significant income potential. Units C and D have recently undergone modern renovations, including new stainless steel appliances and LVP flooring. All units benefit from well-maintained HVAC systems and recently replaced carpeting (installed one year ago). The property includes eight parking spaces. The asking price is $1,000,000, representing a price per unit of $250,000 and a price per square foot of $212. The current Net Operating Income (NOI) is $74,929, yielding a 7.50% cap rate. A pro-forma NOI of $90,000 projects a 9.00% cap rate, highlighting the value-add potential through further rent increases. There are no homeowner's association fees or rent restrictions. All units are currently leased on a minimum 12-month basis. Showings are available during the due diligence period only, to respect the privacy of current tenants. The property's APN is R6305-036. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location.

Highlights

  • Four-unit multifamily property in Peachtree Corners, GA, totaling 4,712 sq ft on a single lot.
  • 100% occupancy with four 2 bed/1.5 bath units; units C & D recently renovated.
  • Eight parking spaces; asking price $1,000,000 ($250,000/unit, $212/sq ft).
  • Current NOI $74,929 (7.5% cap rate); pro forma NOI $90,000 (9% cap rate).
  • No HOA fees or rent restrictions; all units on 12-month leases.

Property Details for 3846 Moran Way

Property type
Residential income homes
Square Feet
4,712 SF
Year Built
1982
Buildings
1
Stories
2
Units
4

Location Insight

City
Peachtree Corners
County
Gwinnett
State
Georgia
Latitude
33.9621971
Longitude
-84.2551254
3846 Moran Way, Peachtree Corners, Georgia

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3846 Moran Way
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