2621 Bailey DR Norcross, GA 30071
0.35 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Edgemoor North
MLS Listing ID 7746753
Construction Status Resale
HOA Y/N No
Year Built 1971
Annual Tax Amount $3,524
Tax Year 2024
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
Stop settling for standard yields. This renovated Norcross asset offers immediate rental income today with a massive 2X revenue upside for tomorrow. Currently occupied at $2,600/mo, the functional layout is perfectly positioned for a high-yield co-living conversion.
The Numbers:
Current Rent: 2,600/mo(2,600/mo(31,200/yr), Start earning Day 1.
PadSplit Potential: 5,000/mo(5,000/mo(60,000/yr).
The Delta: Nearly double your gross revenue utilizing a 5-bedroom model ($1,000/room).
The Asset:
Renovated & Durable: Features new hardwood floors and new appliances, built to minimize maintenance and withstand high-occupancy use.
Easy Conversion: Separate living, dining, and family rooms provide a seamless path to adding two additional revenue-generating rooms without major structural changes.
Location: Quiet cul-de-sac just off Beaver Ruin and Buford Hwy. Minutes from I-85 and major employment hubs. NO HOA.
Secure your equity now and scale your cash flow later. This is a turnkey, low-maintenance investment in a "Zero Vacancy" workforce housing pocket.
Location
State GA
County Gwinnett
Area Edgemoor North
Lake Name None
Interior
Heating Central
Cooling Central Air
Window Features None
Exterior
Parking Features Garage
Fence None
Community Features Other
Utilities Available Electricity Available
Waterfront Description None
View Y/N Yes
View Trees/Woods
Roof Type Other
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Other
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Other
Construction Status Resale
Schools
Elementary Schools Beaver Ridge
Middle Schools Summerour
High Schools Norcross
Others
Senior Community no
NEARBY SCHOOL & BUSINESS
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