LKV Realty
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$299,995
2621 Bailey Drive, Norcross, GA 30071Listing ID 7816002

2621 Bailey Drive, Norcross, GA 30071

Active
Edgemoor North
Time on site: 10 daysLast updated: 5 days ago
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Other
Acres
Acres
0.35
Days on Site
Days on Site
9
Cooling
Cooling
Central Air
Heating
Heating
Central
Year Built
Year Built
1971
Parking
Parking
Garage

$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.

Property Information

Property Details

Location

Address
2621 Bailey Drive
County
Gwinnett - GA
City
Norcross
Zip Code
30071
Subdivision
Edgemoor North
High School
Norcross
Elementary School
Beaver Ridge
TruPorch Homes, (404) 333-8497

Interior Features

Heating and Cooling

Cooling
Central Air
Heating
Central

Building

Building Information

Year Built
1971
Construction
Other
Roof
Other
Condition
Resale

Property Taxes

Tax Annual Amount
$3,524
Tax Year
2024

Market Report for 30071

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: First Multiple Listing Service
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For corrections to this data please contact Brytecore MLS Support.

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