2621 Bailey Drive | 5 Unit Multifamily

Investor Analyzed

FMLS Verified

1 / 40

List Price $299,995

Units 5

Price / Unit $59,999

High-demand multifamily opportunity in Norcross, GA

Properties with strong cash flow potential in this market typically receive multiple offers quickly.

2621 Bailey Drive Norcross, GA 30071

FMLS Data last updated: July 25, 2026 at 12:24 AM

✓ FMLS Listing • Investor Analyzed

$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 $2,465/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.

Investment Context for Norcross Multifamily:

Located in the Norcross, GA area with access to regional employment centers
Typical value-add potential through professional management and improvements
Multifamily rental demand varies by submarket — local verification recommended
Cash flow performance depends on occupancy, expenses, and market conditions

Modeled using FMLS data + Atlanta market benchmarks

Price per Unit $59,999 ✓ Verified

Est. Cap Rate — 📊 Cap Rate Modeled

Est. Gross Income $60,000 📊 Gross Modeled

Est. NOI — ⚡ Estimated

 Est. Year 1 Cash Flow  —  after estimated debt service  📊 Cash Flow  Modeled   

✅ Confidence scores included ✅ Latest FMLS data ✅ Transparent modeling

Adjust assumptions to see personalized 5-year projections (Using market-based estimate)

Purchase Price: $299,995

Down Payment: 25%

Interest Rate: 6.5%

Loan Term: 30 years

Vacancy Rate: 7%

Annual Rent Growth: 3%

Year 1 NOI $0

Year 1 Cash Flow $0

Year 1 Cash-on-Cash 0%

Est. Year 5 Property Value $0

Total 5-Year Cash Flow $0

* These are estimates based on available listing data and Atlanta metro market benchmarks. Detailed seller financials were not provided, so NOI was modeled conservatively. Always verify all numbers independently and consult your own professionals before making investment decisions.

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Important Investment Information

All financial estimates (NOI, Cap Rate, Cash Flow, Year 5 projections, etc.) are modeled using Atlanta metro market benchmarks combined with available FMLS listing data.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7799265 • Listing courtesy of TruPorch Homes, James YEH • 404-333-8497

IDX Information Provided by Jeff Crowe • jeffcrowe@c21theavenues.com

FMLS • Updated Daily • Investor Analyzed