1154 Olivet Drive

About this home

Rare 4-sided Brick Triplex in Prime Location of Sugar Hill/Buford!!! If you are looking for a solid investment property, look no further!!! The multiple units will generate a solid monthly income in the growing and popular area of Sugar Hill. This property is in walking distance of the Sugar Hill outdoor venue, restaurants and theaters. It is also close to Lake Lanier and within Great schools district, making this a sought-after location for families. Major developments nearby have broken ground include Northside Hospital down the street. All residents of Sugar Hill have free access to the gym at the E-Center in downtown. *** ONLY UNIT C CAN BE SHOWN. UNITS A AND B ARE ONLY SHOWN DURING DUE DILIGENCE. DO NOT DISTURB TENANTS! *** **** Excellent Cap Rate at 8.9%!!!**** This nicely renovated property features three units and tons of upgrades. You can Move in the vacant unit and collect rents from the other 2 units from day 1 or Collect rents at $4650 every month! All units are updated and tenants have yearly leases and security deposits. The two upstairs units have two bedrooms and one bath each. The third unit downstairs features 3 bedrooms and 2 bathrooms. All units feature nice-sized living rooms, updated luxury vinyl planks, updated bathrooms, laundry areas, and well-equipped kitchens. Whole house exterior was recently painted, new gutters, new driveway where each unit has 2+ parking spots. Nice sized backyard for all residents!! All Units are all electric, no gas so save a lot on utilities for tenants. - Units B & C have upgraded electrical panel. Rents include power and water for these 2 units. *** ONLY UNIT C CAN BE SHOWN. Entrance is from the back of the house!!*** Use Code provided. ***Push lever up to Open*** UNITS A AND B ARE SHOWN DURING DUE DILIGENCE ONLY. DO NOT DISTURB TENANTS! ***

Details

Home type

Triplex

County

Gwinnett County

Year built

1960

Lot size (acres)

0.5

Annual tax

$4,664

Tax year

2026

Elementary school

Sycamore

Middle school

Lanier

High school

Central Gwinnett

Heating

Central, Electric

Cooling

Ceiling Fan(s), Central Air, Electric, Separate Meters

Flooring

Luxury Vinyl, Sustainable

Parking

Driveway, Paved, Varies by Unit

Levels

Two

Community

None

Days on market

32

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