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Virtual Properties Realty
2621 Bailey Drive, Norcross, GA 30071
- $299,995
- List Price
- $299,995
- MLS#
- 7862694
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Other
- Lot Size
- 0.35
- Subdivision
- Edgemoor North
Property Description
$60K PRO FORMA | INSTANT CASH FLOW | NORCROSS CONVERSION PLAY OWNER FINANCING AVAILABLE — NO BANK QUALIFYING. 25% down, 8% fixed, payments from $1,651/mo (or: 30% down, payments from $1,541/mo). Turnkey, fully furnished short-/mid-term rental with proven in-place income: $29,580 gross revenue over the trailing twelve months, 100% occupancy. Offered as a business in a box — furniture, operating systems, and booking history convey. Built for STR/MTR operators and portfolio investors priced out by bank DSCR loans: close in as little as 21 days and earn from day one. Also available for cash or conventional purchase at list price. Seller financing offered on select assets; terms subject to buyer qualification. 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.
Additional Information
- Stories
- Two
- Construction
- Other
- Year Built
- 1971
- Neighborhood Amenities
- Other
- Roof
- Other
- Lot Dimensions
- x
- Parking
- Garage
- Lot Desc
- Other
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Beaver Ridge
- Middle School
- Summerour
- High School
- Norcross
- Acres
- 0.35
- Levels
- Two
- Taxes
- $3,524
Listing courtesy of TruPorch Homes.
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