2621 Bailey Drive
Norcross, GA, 30071
$299,995
- 0.35acres
- 1971year built
- 4days on market
Your savings stack on this home
How we figured this
ZERO Closing Costs covers origination $1,300, appraisal $500, title & settlement $1,220, owner’s title insurance $1,515 and credit, flood & data fees $160, priced for Gwinnett, GA with 20% down. Government taxes and recording fees are not included. Restrictions apply.
Questions? Call (804) 648-4357
About this home
- Garage
- Central air
$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.
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Location
Property details
Important details
- Status
- Active
- Date listed
- 11/1/2026
- Time on Market
- 4 days
- Property Type
- Residential Income
- List Price
- $299,995
- Lot Size
- 0.35 acres
- Year Built
- 1971
- County
- Gwinnett
- Community
- Edgemoor North
- HOA
- No
Interior details
- Heating
- Central
- Cooling
- Central Air
Building & lot
Building
- Property Type
- Residential Income
- Year Built
- 1971
- Roof
- Other
- Construction
- Other
Lot Info
- Lot Size
- 0.35 acres
- Parcel Number
- R6240 041
Exterior Features
- Fencing
- None
- Pool
- No
Parking
- Parking Features
- Garage
- Garage
- Yes
Ownership
Community details
School Districts
- Elementary
- Beaver Ridge
- Middle
- Summerour
- High
- Norcross
Utilities
- Sewer
- Public Sewer
- Water
- Public
Neighborhood
- Subdivision
- Edgemoor North
- HOA
- No
Taxes & Assessment
- Annual Tax
- $3,524
- Tax Year
- 2024
Listing information
Listing Details
- MLS System
- FMLS
- MLS ID
- 7862694
- MLS Status
- Active
Listed by: TruPorch Homes
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