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Elizabeth Harvill

elizabeth.harvill@exprealty.com +1(912) 245-1186

$1,100,000

Est. payment - /mo

0.57 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Multi Family,Triplex

Listing Status New

Purchase Type For Sale

MLS Listing ID 10774877

HOA Y/N No

Year Built 1935

Annual Tax Amount $561

Tax Year 2025

Lot Size 0.570 Acres

Acres 0.57

Lot Dimensions 24829.2

Property Sub-Type Multi Family,Triplex

Source Georgia MLS 2

Property Description

Owner financing option available. Rare turnkey investment opportunity featuring 3 properties with 4 total homes being sold together as a bundle in the heart of Downtown Gainesville for $1,100,000. Please do not disturb tenants. With three of the four homes currently tenant occupied and the remaining units fully renovated and ready for tenants, this package offers immediate income potential in one of Gainesville's fastest-growing areas. Conveniently located within walking distance to Gainesville High School, downtown Gainesville, restaurants, shopping, and entertainment, these properties provide excellent long-term appreciation and cash flow opportunities. 920 Cardinal Drive features a completely renovated duplex with an upper unit offering 3 bedrooms, 2 baths, and laundry that is currently vacant with projected rent of $1,600 per month. The lower level offers 2 bedrooms, 1 bath, a full kitchen, laundry connections, and is rent-ready with projected rent of $1,500 per month. Also included on the same property is an additional single-family home at 922 Rosewood Drive featuring 2 bedrooms and 1 bath currently tenant occupied at $1,300 per month. 235 Ridgewood Avenue offers a fully renovated 3 bedroom, 2 bath home with granite countertops, stainless steel appliances, and modern finishes throughout, currently rented for $1,800 per month and ideally located near Mellow Mushroom and ongoing downtown Gainesville redevelopment. 1091 Riverside Terrace features a renovated 2 bedroom, 1 bath home with updated kitchen and baths, currently rented for $1,700 per month, and positioned directly behind newly developed townhomes near Longstreet Restaurant. This is a unique opportunity to acquire multiple renovated income-producing properties in prime Downtown Gainesville locations with strong rental demand and future growth potential. Showings by appointment only.

Location

State GA

County Hall

Rooms

Bedroom Description No

Basement Bath Finished, Daylight, Finished, Interior Entry

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Carport

Garage Spaces 2.0

Community Features Walk To Schools, Near Shopping

Utilities Available Electricity Individual Meters, Sewer Connected

View Y/N No

Total Parking Spaces 2

Garage No

Private Pool No

Building

Faces GPS Friendly

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools Centennial

Middle Schools Gainesville East

High Schools Gainesville

Others

HOA Fee Include None

Tax ID 01045 005001H

Acceptable Financing 1031 Exchange, Cash, Conventional, Private Financing Available

Listing Terms 1031 Exchange, Cash, Conventional, Private Financing Available

Special Listing Condition Updated/Remodeled

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Elizabeth Harvill

Agent | License ID: 421606

+1(912) 245-1186 | elizabeth.harvill@exprealty.com

920 Cardinal DR Gainesville, GA 30501

Elizabeth Harvill

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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920 Cardinal DR

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