3846 Moran Way Peachtree Corners, GA 30092-5272

Property Details for 3846 Moran Way

Year built

1982

Construction

WOOD

Lot size

0.55 lot acres

Property size

4,712 SF

Zone code

RM10-MULTI-FAM RES

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

6-305 -036

APU

6305036

Description

This exceptional investment opportunity presents a four-unit multifamily property located at 3846 Moran Way, Peachtree Corners, Georgia, 30092. The property, built in 1982, boasts a total of 4,712 square feet and sits on a single lot. Currently operating at 100% occupancy with four units, each featuring two spacious bedrooms and one and a half bathrooms, this property offers significant income potential. Units C and D have recently undergone modern renovations, including new stainless steel appliances and LVP flooring. All units benefit from well-maintained HVAC systems and recently replaced carpeting (installed one year ago). The property includes eight parking spaces. The asking price is $1,000,000, representing a price per unit of $250,000 and a price per square foot of $212. The current Net Operating Income (NOI) is $74,929, yielding a 7.50% cap rate. A pro-forma NOI of $90,000 projects a 9.00% cap rate, highlighting the value-add potential through further rent increases. There are no homeowner's association fees or rent restrictions. All units are currently leased on a minimum 12-month basis. Showings are available during the due diligence period only, to respect the privacy of current tenants. The property's APN is R6305-036. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location.

Location Insight

City

Peachtree Corners

County

Gwinnett

State

Georgia

Longitude

-84.2551

Latitude

33.9622

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments