920 Cardinal Drive, Gainesville, GA 30501

$550,000
5
BD
3
BA
2,226
SqFt

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List Price
$550,000
MLS#
7786967
Status
ACTIVE
Type
Single Family Residential
Subtype
Single Family Residence
Bedrooms
5
Bathrooms
3
Square Footage
2,226
Lot Size
0.5700000000000001
Basement
Yes
Basement Description
Daylight, Driveway Access, Exterior Entry, Finished, Finished Bath, Interior Entry

Property Description

Excellent investment opportunity featuring a fully renovated duplex plus an additional single-family home all included in one sale with Owner Financing Available. Sellers also own 2 additional nearby investment properties and would prefer to sell the entire portfolio together, creating an incredible opportunity for investors looking to expand their rental portfolio in Downtown Gainesville. Located at 920 Cardinal Drive and 922 Rosewood Drive in Gainesville, this unique property offers immediate income potential with projected rents totaling approximately $4,400 per month. Conveniently located within walking distance to Gainesville High School, downtown Gainesville, shopping, dining, and entertainment with easy access to major roads and everyday conveniences. No HOA. 920 Cardinal Drive features a completely renovated duplex with the upper unit offering 3 bedrooms, 2 full baths, laundry, updated finishes, and is currently vacant with projected rent of $1,600 per month. The lower level unit offers 2 bedrooms, 1 full bath, full kitchen, laundry connections, and is rent-ready with projected rent of $1,500 per month. Also included on the same property is 922 Rosewood Drive, a separate single-family home featuring 2 bedrooms and 1 full bath currently tenant occupied at $1,300 per month providing immediate rental income. Please do not disturb tenants at 922 Rosewood Drive. Perfect opportunity for investors, house hackers, or owner occupants looking to live in one unit while generating income from the others. Ideal setup for long-term rentals, multigenerational living, or expanding your real estate portfolio in a rapidly growing Gainesville location.

Additional Information

Style
Ranch
Stories
Two
Construction
Vinyl Siding
Year Built
1935
Neighborhood Amenities
Near Schools, Near Trails/Greenway
Kitchen Features
Cabinets Stain, Eat-in Kitchen, Solid Surface Counters, Stone Counters
Interior
Other
Exterior
None
Roof
Shingle
Lot Dimensions
291 x 85
Parking
Driveway
Lot Desc
Corner Lot
Water
Public
Sewer
Public Sewer
Elementary School
Centennial Arts Academy
Middle School
Gainesville East
High School
Gainesville
Acres
0.57
Dock
None
Levels
Two
Taxes
$561

Listing courtesy of Keller Williams North Atlanta.

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