$1.2 Million C-2 Zoned Corner Lot + rental home (asking $550K)

[Jon Acosta]

This deal accidentally fell into my lap from a direct mail campaign for SFR in Gwinnett County Georgia.

ADDRESS: 2054 Mineral Springs RD, Hoschton, GA 30548

Property was on market but contract expired.
Owner is now SERIOUSLY motivated and ready to sell.

DETAILS:

Property zoned C-2 and appraised at $1.2 Million (I have a copy of the appraisal, less than 90 days old). 

Cap Rate: 9%

1.4 Acre Corner lot with a brand new Exxon across the street. 

Owner says a Walgreens was looking to lease the property but contract fell thru. 

There's also a rental house (4 bed 3 bath) that sits on the property.
It was grandfathered in after the property was re-zoned to commercial. 
Currently rented with tenants paying $1200/month.
Tenant is on a month-to-month contract and will move out with 60-day notice.

Feel free to give me a call or message if you're interested. 

404-625-1834
[email protected]