Viewing Listing MLS# 401488074
Norcross, GA 30093
- 7Beds
- 4Full Baths
- N/AHalf Baths
- N/A SqFt
- 1970Year Built
- 0.43Acres
- MLS# 401488074
- Residential
- Single Family Residence
- Active
- Approx Time on Market2 months, 19 days
- AreaN/A
- CountyGwinnett - GA
- Subdivision Stonewood 02
Overview
This home presents a truly exceptional investment opportunity in the heart of Norcross, Georgia. This meticulously designed property offers multiple income streams through its ingenious layout. Originally built as a duplex, it has been reimagined for maximum potential, now featuring 2 distinct rental units and an additional basement space that can be used as income producing. The property is currently generating over $4,000 in monthly income, with potential for even higher returns at market rates.This versatile property offers a spacious 3-bedroom, 2-bathroom unit (Unit A), complemented by two additional 2-bedroom, 1-bathroom units, totaling an impressive 7 bedrooms and 4 bathrooms. Key features include durable all-brick construction, wood and tile flooring throughout, and ample parking space, all situated in the prime location of Norcross.Perfect for savvy investors seeking strong cash flow, owner-occupants desiring built-in rental income, or multi-generational families requiring separate living spaces, this property offers unparalleled flexibility. Live in one unit while renting the others, or maximize your returns by leasing all units. The basement's clever conversion sets this property apart from typical duplexes. DO NOT DISTURB TENANTS
Association Fees / Info
Hoa: No
Community Features: None
Bathroom Info
Main Bathroom Level: 3
Total Baths: 4.00
Fullbaths: 4
Room Bedroom Features: None
Bedroom Info
Beds: 7
Building Info
Habitable Residence: No
Business Info
Equipment: None
Exterior Features
Fence: Back Yard
Patio and Porch: Deck, Front Porch
Exterior Features: None
Road Surface Type: Concrete
Pool Private: No
County: Gwinnett - GA
Acres: 0.43
Pool Desc: None
Fees / Restrictions
Financial
Original Price: $575,000
Owner Financing: No
Garage / Parking
Parking Features: Driveway
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: Fire Alarm
Fireplace Features: None
Levels: Two
Appliances: Dishwasher, Electric Range, Refrigerator, Microwave
Laundry Features: In Kitchen
Interior Features: Walk-In Closet(s)
Flooring: Ceramic Tile, Hardwood
Spa Features: None
Lot Info
Lot Size Source: Public Records
Lot Features: Back Yard, Front Yard
Lot Size: x
Misc
Property Attached: No
Home Warranty: No
Open House
Other
Other Structures: None
Property Info
Construction Materials: Brick, Brick 4 Sides
Year Built: 1,970
Property Condition: Resale
Roof: Composition
Property Type: Residential Detached
Style: Ranch
Rental Info
Land Lease: No
Room Info
Kitchen Features: Cabinets White
Room Master Bathroom Features: Shower Only
Room Dining Room Features: Other
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: Investor Owned
Sqft Info
Building Area Total: 3171
Building Area Source: Public Records
Tax Info
Tax Amount Annual: 4985
Tax Year: 2,023
Tax Parcel Letter: R6196-053
Unit Info
Utilities / Hvac
Cool System: Ceiling Fan(s), Central Air
Electric: None
Heating: Central
Utilities: Electricity Available, Cable Available, Sewer Available, Water Available
Sewer: Septic Tank
Waterfront / Water
Water Body Name: None
Water Source: Public
Waterfront Features: None
Directions
USE GPSListing Provided courtesy of Rudhil Companies, Llc
MLS# 387349267