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2621 Bailey Drive Norcross, GA $ 329,995
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2621 Bailey Drive
$ 329,995
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2621 Bailey Drive

Norcross, GA, 30071
$ 329,995
Baths0.0

Monthly Estimate*

$ 2,032

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Studio

Multi-Family Home for sale in Norcross, GA

for $329,995. This home was built in 1971 on a lot size of 0.35.

$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 $2,600/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.

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Multi-Family Active

Price

$ 329,995

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,524

Style

Lot Size

0.35

Year Built

1971

Town/City

Norcross

County/Region

Gwinnett

MLS | Web ID

7714532
Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Available
Roof Other
Security Features None
Construction Materials Other
Year Built 1971
View Trees/Woods
Levels Two
Property Subtype Other
Tax Year 2024
Parcel Number R6240 041
Gross Income 60000
Waterfront Features None
Community Features Other
Accessibility None
County Gwinnett - GA
Net Operating Income 46000
Operating Expense 14000
Property Type Residential Income
HOA false
Energy Efficient None
Subdivision Name Edgemoor North
Green Energy Generation None
Status Active
Directions GPS
High School Norcross
City Norcross
Body of Water None
Number Of Units Total 5
Elementary School Beaver Ridge
Property Attached Y/N false
Tax Annual Amount 3524
Home Warranty Y/N false
Middle/Junior High School Summerour
Property Condition Resale
Standard Status Active
Cap Rate 15
Freehold IDX
Corporate Owner None
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Interior
Window Features None
Total Baths 0
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Exterior
Fencing None
Parking Features Garage
Lot Features Other
Water Source Public
Lot Dimensions x
Lot Size Acres 0.35
Lot Size Source Public Records
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* Excluded Features
List By
James YEH

Listing Agent

Truporch Homes

Broker

james@truporchhomes.com

Email

Affordability Calculator

$2,326
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,032
Monthly Property Taxes
$294
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4135439 Elementary School
4133550 Middle School
Norcross High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/5/2026$329,995 Listed Price

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2621 Bailey Drive, Norcross, GA, 30071 is a Multi-Family Home for sale at $329,995 with a lot size of 0.35. 2621 Bailey Drive is a studio with 0.0 baths and was built in 1971. The property's zip code is 30071 which is in Norcross, GA

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