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$299,995

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0.35 Acres Lot

New

2621 Bailey DR Norcross, GA 30071

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Quillie Williams

[email protected] +1(678) 573-6100

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Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision Edgemoor North

MLS Listing ID 7799265

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

$60K PRO FORMA | INSTANT CASH FLOW | NORCROSS CONVERSION PLAY

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 $2,465/mo, the functional layout is perfectly positioned for a high-yield co-living conversion.

The Numbers:
Current Rent: 2,465/mo (29,580/yr), Start earning Day 1.

PadSplit Potential: 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

Tax ID R6240 041

Listed by TruPorch Homes

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Estimated Payment for This Home

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FHA • 3.5% Down $0 down Estimated Cash-to-Close $0

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Details

Compare FHA vs Conventional

FHA

Payment /mo$0

Cash-to-close$0

Conventional

Payment /mo$0

Cash-to-close$0

$0 /mo difference • $0 cash difference

CONTACT QUILLIE FOR MORE INFORMATION

Quillie Williams

Broker Associate | License ID: 204690

+1(678) 573-6100

2621 Bailey DR Norcross, GA 30071

Quillie Williams

Key Details

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Others

Property Location & Nearby Amenities

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2621 Bailey DR

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