1916 Patterson Cir, Lawrenceville, GA 30044

INVESTMENT OVERVIEW

1916 Patterson Circle | Lawrenceville, GA 30044 Asking Price: $519,000 | Gross Annual Income: $46,800 | GRM: 11.1x

PROPERTY DESCRIPTION (Crexi Listing Copy)

TURNKEY CASH-FLOWING DUPLEX | GWINNETT COUNTY | BRICK 4-SIDES | IMMEDIATE INCOME

Presenting a rare opportunity to acquire a fully renovated, income-producing duplex in the heart of Gwinnett County — one of Georgia's most resilient and high-demand rental submarkets. 1916 Patterson Circle is not a value-add play requiring capital and patience. This is a stabilized, cash-flowing asset with verified rental history, quality finishes throughout, and a tenant already in place. Your investor walks in with income on day one.

THE ASSET

Built on a solid brick-4-sides foundation with a 0.39-acre lot, this single-story duplex delivers two completely renovated units, each finished to the same high standard your investors will appreciate the moment they step inside. Hardwood floors, modern kitchens with granite countertops, subway tile backsplashes, stainless appliances, and updated bathrooms with granite vanities — this is not a Section 8 renovation. This is a property that attracts and retains quality, long-term tenants.

THE INCOME STORY

Combined Monthly Income: $3,900 | Gross Annual Income: $46,800

Unit 1918 is stabilized with a lease running through June 2027 — no rollover risk, no re-leasing costs, no stabilization period. Unit 1916 is vacant and primed for immediate placement at or above the $2,000 ask, giving the new owner the opportunity to screen and place their own preferred tenant from day one.

UNIT 1916 — THE INCOME MULTIPLIER

The crown jewel of this asset. Four bedrooms, two full baths, and a recently renovated modern kitchen anchored by a granite island with undermount sink and a premium coil spring faucet. Three separate private entrances make this unit exceptionally versatile — ideal for a single-family long-term tenant, or a structured roommate arrangement that pushes effective per-unit income well beyond the $2,000 ask. Savvy operators know this floor plan: it's the kind of layout that commands premium rents and minimal vacancy.

UNIT 1918 — THE STABILIZED FOUNDATION

Three bedrooms, two full baths, with matching quality finishes — dark espresso cabinetry, granite countertops, subway tile backsplash, updated bathroom vanity with granite top, walk-in closet, and private patio. A tenant-occupied unit with a consistent, on-time payment record through June 2027 means your investor collects $1,900/month from closing day without lifting a finger.

PROPERTY HIGHLIGHTS

• ✔ Brick 4-Sides Construction — Low Maintenance, High Durability
• ✔ Both Units Fully Renovated — Granite, Hardwood, Updated Baths
• ✔ Central HVAC in Each Unit | Ceiling Fans Throughout
• ✔ Dishwasher, Refrigerator & Range/Oven in Each Unit
• ✔ Walk-In Closets | Washer/Dryer Connections
• ✔ Private Patios | 4 Parking Spaces (Covered Carport + Paved)
• ✔ Shingle Roof | Public Sewer | All Utilities Available
• ✔ No HOA | Level Lot | Tree-Lined Views

LOCATION & MARKET FUNDAMENTALS

Gwinnett County is not just a suburb — it is the most populous county in Metro Atlanta and one of the fastest-growing rental markets in the Southeast. Lawrenceville sits at the geographic center of this growth corridor, with direct access to Sugarloaf Parkway, Lawrenceville Highway, and GA-316 — three of the most trafficked commuter corridors in the county. Renters in this ZIP code are not transient. They come for the schools (Cedar Hill / Richards / Discovery), the employment access (Duluth, Norcross, Peachtree Corners, and Downtown Atlanta all within 35 minutes), and the quality-of-life infrastructure that keeps turnover low and demand high.

This is a location renters choose and hold. That matters on a rent roll.

THE INVESTMENT CASE

At $259,500 per door for fully renovated, brick construction in Gwinnett County — this is priced to move. Comparable renovated duplexes in this submarket are trading above $280K–$300K per door. The GRM of 11.1x on stabilized rents reflects realistic current market rates, not pro forma projections. What you see is what you get.

SHOWING & OFFER REQUIREMENTS

This property is tenant-occupied and actively monitored. Interior showings are available post-accepted contract only. Drive-by and exterior viewings are welcome. All offers must include a current pre-approval letter (within 90 days) and proof of funds. Incomplete submissions will not be considered.

Listing Agent: Saad Khan | Virtual Properties Realty Direct: 404-512-4146 | Email: [email protected] Office: 770-495-5050

Serious, qualified buyers only. All communication through the listing agent.