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  • $299,995

    2621 Bailey Dr, Norcross, GA 30071

    3beds
    2baths
    --sqft
    : 
    $2,070/mo
    Get pre-qualified
    Other, Residential Income
    Built in 1971
    -- sqft lot
    $292,000 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    $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.
    11 days
    479
    44

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    James YEH,

    TruPorch Homes 404-333-8497

    Source: FMLS GA,MLS#: 7862694MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      Heating
      • Central
      Cooling
      • Central Air
      Features
      • Windows: None
      Video & virtual tour

      Property

      Parking
      • Parking features: Garage
      • Has garage: Yes
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Stories: 2
      • Fencing: None
      • Has view: Yes
      • View description: Trees/Woods
      • Waterfront features: None
      • Body of water: None
      Lot
      • Size: 0.35 Acres
      • Features: Other
      Details
      • Parcel number: R6240 041

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Other, Residential Income
      Materials
      • Other
      • Roof: Other
      Condition
      • Resale
      • New construction: No
      • Year built: 1971

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Available
      Green energy
      • Energy efficient items: None
      • Energy generation: None

      Community & HOA

      Community
      • Features: Other
      • Security: None
      • Subdivision: Edgemoor North
      HOA
      • Has HOA: No
      Location
      • Region: Norcross

      Financial & listing details

      • Tax assessed value: $276,700
      • Annual tax amount: $3,524
      • Date on market: 11/1/2026
      • Cumulative days on market: 345 days
      • Electric utility on property: Yes

        Estimated market value

        $292,000

        $277,000 - $307,000

        $1,917/mo

        Price history

        DateEventPrice
        11/2/2026Listed for sale$299,995
        Source: FMLS GA #7862694 Report a problem
        11/1/2026Listing removed$299,995
        Source: FMLS GA #7847771 Report a problem
        10/1/2026Listed for sale$299,995
        Source: FMLS GA #7847771 Report a problem
        10/1/2026Listing removed$299,995
        Source: FMLS GA #7830660 Report a problem
        9/1/2026Listed for sale$299,995
        Source: FMLS GA #7830660 Report a problem
        9/1/2026Listing removed$299,995
        Source: FMLS GA #7816002 Report a problem
        8/4/2026Listed for sale$299,995
        Source: FMLS GA #7816002 Report a problem
        8/1/2026Listing removed$299,995
        Source: FMLS GA #7799265 Report a problem
        7/3/2026Listed for sale$299,995
        Source: FMLS GA #7799265 Report a problem
        7/1/2026Listing removed$299,995
        Source: FMLS GA #7777184 Report a problem
        5/27/2026Listed for sale$299,995
        Source: FMLS GA #7777184 Report a problem
        5/4/2026Listing removed$299,995
        Source: FMLS GA #7746753 Report a problem
        4/3/2026Listed for sale$299,995
        Source: FMLS GA #7746753 Report a problem
        4/1/2026Listing removed$299,995
        Source: FMLS GA #7714532 Report a problem
        3/4/2026Price change$299,995-6.3%
        Source: FMLS GA #7714532 Report a problem
        2/13/2026Price change$319,995-3%
        Source: FMLS GA #7714532 Report a problem
        2/5/2026Listed for sale$329,995
        Source: FMLS GA #7714532 Report a problem
        2/1/2026Listing removed$329,995
        Source: FMLS GA #7691724 Report a problem
        12/11/2025Listed for sale$329,995
        Source: FMLS GA #7691724 Report a problem
        12/1/2025Listing removed$329,995
        Source: FMLS GA #7667167 Report a problem
        11/20/2025Price change$329,995-2.9%
        Source: FMLS GA #7667167 Report a problem
        11/14/2025Price change$339,995-2.9%
        Source: FMLS GA #7667167 Report a problem
        10/16/2025Listed for sale$349,995+517.3%
        Source: FMLS GA #7667167 Report a problem
        3/8/2023Listing removed--
        Source: Zillow Rentals Report a problem
        2/23/2023Listed for rent$1,995
        Source: Zillow Rentals Report a problem
        2/22/2010Sold$56,700-58%
        Source: Public Record Report a problem
        10/22/2009Sold$135,146+1.7%
        Source: Public Record Report a problem
        4/17/2002Sold$132,900+10.8%
        Source: Public Record Report a problem
        8/1/2000Sold$119,900
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026-- $110,680 -0.5%
        2025$4,223 +19.8%$111,200 +23.4%
        2024$3,524 +0.3%$90,120
        2023$3,514 +0.9%$90,120 -5.1%
        2022$3,481 +30.5%$94,960 +43.4%
        2021$2,666 +5.7%$66,240 +7%
        2020$2,523 +3.6%$61,920
        2019$2,435 $61,920 +7.7%
        2018$2,435 +88.7%$57,480 +99.6%
        2016$1,291 -0.9%$28,800
        2015$1,303 $28,800 +27%
        2014$1,303 +19.6%$22,680
        2013$1,089 $22,680
        2012-- $22,680
        2011-- $22,680 -58.2%
        2010-- $54,200
        2009-- $54,200
        2007-- $54,200
        2006-- $54,200
        2005-- $54,200
        2004$868 +3.5%$54,200 +3.6%
        2003$838 -49.7%$52,320
        2002$1,667 +51.3%$52,320 +52.6%
        2001$1,102 $34,280
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 30071

        Getting around

        2 / 100
        Car-Dependent
        14 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Beaver Ridge
        • Middle: Summerour
        • High: Norcross

        Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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