2621 Bailey Drive
Norcross, GA 30071
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Bed
0
Bath
0.35Acre(Lot)
$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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Roofing Information
Other -
Interior Features
Roof: Other -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1971 Construction Materials: Other Private Pool: No View: Trees/Woods
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Lot Information
Lot Dimensions: x Lot Size Acres: 0.35 Lot Size Source: Public Records Lot Description: OtherProperty Information
Subdivision: Edgemoor North Source Property Type: Residential Income Postal Code Plus 4: 4304 Levels: Two Property Age: 55
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Listing Price Information
Listing Price: $299995
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Tax Information
Tax Year: 2024 Annual Tax: $3524 Tax Legal Desc: L14 BJ EDGEMOOR NORTH #10
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Parking Information
GarageGarage Information
Has Garage: Yes
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School Information
Elementary School: Beaver RidgeJunior High School: SummerourSenior High School: Norcross -
Utility Information
Electricity Available -
Location Information
Direction: GPS WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 5820 Roma Way, Norcross, GA, 30071 | $1,899,000 | 5 | 4 | -- | |
| 2496 Redfield Drive, Norcross, GA, 30071 | $350,100 | 3 | 2 | -- | |
| 2496 Redfield Drive, Norcross, GA, 30071 | $350,100 | 3 | 2 | 1,686 | 1,686 SqFt |
| 2325 E Hill Way, Norcross, GA, 30071 | $265,000 | 3 | 3 | -- | |
| 2325 E Hill Way, Norcross, GA, 30071 | $265,000 | 3 | 2 | -- | |
| 2785 Sudbury Trace, Norcross, GA, 30071 | $329,900 | 3 | 2 | -- | |
| 5295 Lyme Bay Circle, Norcross, GA, 30071 | $473,000 | 4 | 3 | -- | |
| 5206 Westhill Drive, Norcross, GA, 30071 | $420,000 | 3 | 2 | 1,703 | 1,703 SqFt |
| 5206 Westhill Drive, Norcross, GA, 30071 | $420,000 | 3 | 2 | 1,703 | 1,703 SqFt |
| 3326 Newbury Road, Norcross, GA, 30071 | $284,000 | 3 | 1 | 1,200 | 1,200 SqFt |
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ByOwner last updated this listing 06/07/2026 @ 10:03
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