Viewing Listing MLS# 403591119

$490,000 | 7 beds | 4 full baths | N/A half baths | N/A sqft

$490,000 Reduced -$20,000
1050 Falling Water Lane
Norcross, GA 30093
  • 7Beds
  • 4Full Baths
  • N/AHalf Baths
  • N/A SqFt
  • 1993Year Built
  • 0.17Acres
  • MLS# 403591119
  • Residential
  • Single Family Residence
  • Active

  • Approx Time on Market25 days
  • AreaN/A
  • CountyGwinnett - GA
  • Subdivision PARKLAKE

Overview

Great INVESTMENT opportunity with furnishings and tenants included. New laminate floor. Welcome to this unique and versatile single-family home in Norcross, GA, offering an incredible investment opportunity or a perfect fit for a large family or roommates. Located just minutes from I-85, schools, and shopping, this property combines convenience with exceptional rental potential. Boasting 7 bedrooms and 4 bathrooms, this expansive home features two full kitchens and an additional kitchenette and two laundries; one in each floor, making it ideal for multi-generational living or shared housing. With three separate entries, the layout provides privacy and independence for everyone, whether youre accommodating tenants, roommates, or extended family members. Currently leased and generating a monthly rental income of $3,600 with half occupancy, this property has the potential to bring in up to $5,000 per month with full occupancy. Tenants are flexible and can either stay or vacate based on the new owners preference, offering you the flexibility to maintain the current arrangement or customize the home to your needs. The propertys proximity to major highways, schools, and shopping centers ensures that youll always be close to all essential amenities. Whether youre looking to maximize your rental income or searching for a home that can comfortably accommodate a large household, this property is an outstanding opportunity. Dont miss out on this versatile home with impressive investment potential.



Association Fees / Info

Hoa:  No

Community Features:  Near Public Transport, Near Schools, Near Shopping, Park, Restaurant

Bathroom Info

Main Bathroom Level:  2

Total Baths:  4.00

Fullbaths:  4

Room Bedroom Features:  In-Law Floorplan, Roommate Floor Plan, Split Bedroom Plan

Bedroom Info

Beds:  7

Building Info

Habitable Residence:  No

Business Info

Equipment:  None

Exterior Features

Fence:  Back Yard, Fenced, Wood

Patio and Porch:  Deck

Exterior Features:  Garden, Private Yard

Road Surface Type:  Paved

Pool Private:  No

County:  Gwinnett - GA

Acres:  0.17

Pool Desc:  None

Fees / Restrictions

Financial

Original Price:  $510,000

Owner Financing:  No

Garage / Parking

Parking Features:  Driveway, On Street

Green / Env Info

Green Energy Generation:  None

Handicap

Accessibility Features:  None

Interior Features

Security Ftr:  Smoke Detector(s)

Fireplace Features:  Factory Built, Family Room, Gas Log, Gas Starter

Levels:  Two

Appliances:  Dishwasher, Disposal, Dryer, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer

Laundry Features:  In Kitchen, Laundry Room, Lower Level, Main Level

Interior Features:  Disappearing Attic Stairs, Double Vanity, Entrance Foyer 2 Story, High Ceilings 9 ft Main, High Speed Internet, Tray Ceiling(s), Wet Bar

Flooring:  Laminate

Spa Features:  None

Lot Info

Lot Size Source:  Public Records

Lot Features:  Back Yard, Front Yard, Level

Lot Size:  x 60

Misc

Property Attached:  No

Home Warranty:  No

Open House

Other

Other Structures:  None

Property Info

Construction Materials:  Vinyl Siding

Year Built:  1,993

Property Condition:  Resale

Roof:  Composition

Property Type:  Residential Detached

Style:  Traditional

Rental Info

Land Lease:  No

Room Info

Kitchen Features:  Cabinets White, Pantry, Solid Surface Counters

Room Master Bathroom Features:  Double Vanity,Separate Tub/Shower

Room Dining Room Features:  Seats 12+,Separate Dining Room

Special Features

Green Features:  None

Special Listing Conditions:  None

Special Circumstances:  None

Sqft Info

Building Area Total:  3054

Building Area Source:  Appraiser

Tax Info

Tax Amount Annual:  6080

Tax Year:  2,023

Tax Parcel Letter:  R6174-565

Unit Info

Utilities / Hvac

Cool System:  Ceiling Fan(s), Central Air, Electric, Zoned

Electric:  110 Volts, 220 Volts

Heating:  Forced Air, Natural Gas, Zoned

Utilities:  Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available

Sewer:  Public Sewer

Waterfront / Water

Water Body Name:  None

Water Source:  Public

Waterfront Features:  None

Schools

Elem:  Ferguson

Middle:  Radloff

High:  Meadowcreek

Directions

Please use GPS.

Listing Provided courtesy of The Promise Realty Group, Llc 

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Information was last updated: 10-02-2024 4:03 PM EST est.

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Price & Status History (on sharondoverrealestate.com since Sat, Sep 7th 2024)
  • Original Price: $510,000
  • Current Price: $490,000
  • Price Reduced: $20,000
Date ChangedFromTo
10/01/2024$510,000 $490,000 Reduced by $20,000