2621 Bailey Dr Norcross, GA 30071
Estimated payment $1,838/month
Highlights
- Hot Property
- View of Trees or Woods
- Central Heating and Cooling System
- Paul Duke STEM High School Rated A+
- No HOA
- Garage
About This Home
$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.
Listing Agent
TruPorch Homes Brokerage Phone: 404-512-8427 License #277286 Listed on: 02/04/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,524
Year Built
- Built in 1971
Parking
- Garage
Schools
- Beaver Ridge Elementary School
- Summerour Middle School
- Norcross High School
Additional Features
- Views of Woods
- 0.35 Acre Lot
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number R6240 041
Community Details
Overview
- No Home Owners Association
- Edgemoor North Subdivision
Building Details
- Operating Expense $14,000
- Net Operating Income $46,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,223 | $111,200 | $25,840 | $85,360 |
| 2024 | $3,524 | $90,120 | $23,200 | $66,920 |
| 2023 | $3,524 | $90,120 | $23,200 | $66,920 |
| 2022 | $3,481 | $94,960 | $23,200 | $71,760 |
| 2021 | $2,666 | $66,240 | $18,400 | $47,840 |
| 2020 | $2,523 | $61,920 | $16,000 | $45,920 |
| 2019 | $2,435 | $61,920 | $16,000 | $45,920 |
| 2018 | $2,277 | $57,480 | $13,600 | $43,880 |
| 2016 | $1,291 | $28,800 | $8,000 | $20,800 |
| 2015 | $1,303 | $28,800 | $8,000 | $20,800 |
| 2014 | $1,090 | $22,680 | $8,000 | $14,680 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/04/2026 03/04/26 | Price Changed | $299,995 | -6.3% | -- |
| 02/12/2026 02/12/26 | Price Changed | $319,995 | -3.0% | -- |
| 02/04/2026 02/04/26 | For Sale | $329,995 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $56,700 | -- | |
| Deed | -- | -- | |
| Foreclosure Deed | $135,146 | -- | |
| Deed | $132,900 | -- | |
| Deed | $119,900 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $130,833 | FHA | |
| Previous Owner | $107,900 | New Conventional |
Source: First Multiple Listing Service (FMLS)
MLS Number: 7714532
APN: 6-240-041
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Ask me questions while you tour the home.