Great Investment Opportunity in the much sought after Buford School System. This 4 sides brick building has stable tenants and is located just a short walk to Main Street in Buford with great restaurants. The Buford School system excels in Academics, Arts and Sports. Don't miss this great opportunity. Current Rents from $675 - $900. All $675 rents going to $700 11/1/2019. Expenses $625 month Seller also has another 6 units at 375 Power Ave. in Buford for $650K.
Multi-familyProperty Type
1965Year Built
0.26 acresLot Size
6 spacesParking
Listed by THOMAS G SLAPPEY• Peggy Slappey Properties Inc.
Listed by MARY KELLEY• Peggy Slappey Properties Inc.
Bought with Trenna Gordon• Berkshire Hathaway HomeServices Georgia Properties
Source:FMLS #6615672
Redfin Estimate
$575,164
$185K since sold in March 2020$11K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 48.7% higher than the average sale price ($387K) of 6 comparable homes.
Great Investment Opportunity in the much sought after Buford School System. This 4 sides brick building has stable tenants and is located just a short walk to Main Street in Buford with great restaurants. The Buford School system excels in Academics, Arts and Sports. Don't miss this great opportunity. Current Rents from $675 - $900. All $675 rents going to $700 11/1/2019. Expenses $625 month Seller also has another 6 units at 375 Power Ave. in Buford for $650K.
FMLS #5648723
Apr 6, 2016
Price Changed
$268,500
Mar 31, 2016
Price Changed
$279,900
Mar 31, 2016
Sold
$268,500
Mar 1, 2016
Contingent
—
Feb 17, 2016
Listed
$279,900
Nice quadraplex in the City of Buford with top rated schools! Perfect for investors looking to purchase a steady income producing property that will increase in value and always stay rented. New 50 year roof, and new paint & carpet in two units. Wonderful tenants who all want to stay. Awesome location in downtown Buford, within walking distance to shops and restaurants, and only a couple of miles from the schools. All units currently leased at $650/month.
Public Records
Jun 3, 2013
Sold
$186,500
Public Records
Mar 29, 2004
Sold
$185,000
Public Records
Mar 10, 1995
Sold
$90,000
Year
Property tax
Land + Additions
Assessment*
2014
$1,006 (+3.3%)
$28,000 + $46,600
$74,600
2013
$974 (+20.4%)
$14,400 + $57,600
$72,000
2012
$809 (−67.0%)
$14,400 + $57,600
$72,000
2010
$2,449 (+10.5%)
$14,400 + $57,600
$72,000
2009
$2,216
$13,520 + $77,240
$90,760
2008
$2,216
$13,520 + $77,240
$90,760
Tax history for 4 Spring St
Year
Property tax
Land + Additions
Assessment*
2014
$1,006 (+3.3%)
$28,000 + $46,600
$74,600
2013
$974 (+20.4%)
$14,400 + $57,600
$72,000
2012
$809 (−67.0%)
$14,400 + $57,600
$72,000
2010
$2,449 (+10.5%)
$14,400 + $57,600
$72,000
2009
$2,216
$13,520 + $77,240
$90,760
2008
$2,216
$13,520 + $77,240
$90,760
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
0.26 Acres
Year renovated
—
Sq. Ft.
3,250
Year built
1965
Style
Multi-Family (5+ Unit)
County
Gwinnett County
APN
R7294C060
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 18, 2023.
RM
Multi-Family Residence District
The following districts are intended for duplex and multi-family dwellings. These zoning districts are to be located where public water supply and sewerage facilities are available or can be obtained and where there is convenient access to collector streets, major thoroughfares or state or interstate highway. The purpose of the following zoning districts is to promote better utilization of land and freedom of architectural and engineering design without maximizing density. Within these RM zoning Districts (except for the RMD zoning district) separate, distinct and contiguous land shall be reserved for recreational purposes for these developments with an area of at least five hundred fifty square feet per dwelling unit to be provided within the first phase of development. Within the RMD (duplex) zoning district, recreational land shall be reserved in accordance with the Development Regulations of the City of Buford. On any tract of land zoned for RMD, RM-6, or RM-8, the entire tract must be developed as the same type of use. No combinations of allowed uses are permitted on any one tract of land
Permitted uses
Include but are not limited to:
No uses permitted by right
Property details
Parking
Parking Information
# of Total Parking: 6
Parking Features: Parking Lot, Paved
Interior
Virtual Tour
Multi-Family Information
# Of Units Total: 4
Exterior
Property Information
Levels: Two
Construction Materials: Brick 4 Sides
Roof: Composition
Property Condition: Resale
Lot Information
Waterfrontage Length: 0
Financial
Financial Information
Buyer Financing: Conventional
Utilities
Utility Information
Cooling: Central Air
Heating: Central, Electric
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Location
School Information
Elementary School: Buford
Middle Or Junior School: Buford
High School: Buford
Location Information
Directions: Buford Hwy Notth to Garnett St, Left on W. Main then right on Silas King, then right on W Shadburn Ave. Power will be on the next corner of W. Shadburn Ave and Spring.
Gwinnett
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,250
Stories: 2.0
Lot Size: 0.26 acres
Style: Multi-Family (5+ Unit)
Year Built: 1965
Year Renovated: —
County: Gwinnett County
APN: R7294C060
Home facts updated by county records on Aug 18, 2023
Around this home
Schools
Buford Academy
Public 1-2 • Assigned • 1.0mi
Buford Middle School
Public 6-8 • Assigned • 1.4mi
9/10
Buford High School
Public 9-12 • Assigned • 1.0mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 103° expected this year, 18 days in 30 years
4/10 Wind Factor
16% chance of strong winds in next 30 years
4/10 Air Factor
6 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Buford, GA • 30518
Average low and high temperatures (°F)
49
32
59
39
70
47
77
54
77
60
86
68
91
73
82
68
81
66
73
54
65
47
55
37
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.