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5891 KAY DR Norcross, GA 30093
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Key Details
Sold Price $535,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Stonewood 02
MLS Listing ID 7454189
Sold Date 10/16/24
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1970
Annual Tax Amount $4,985
Tax Year 2023
Lot Size 0.430 Acres
Acres 0.43
Property Description
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 is currently producing income. The is can generate over $4,000 in monthly income, with potential for rental increase to market value.
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
Location
State GA
County Gwinnett
Lake Name None
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Ceramic Tile, Hardwood
Window Features None
Exterior
Parking Features Driveway
Fence Back Yard
Community Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description None
View Trees/Woods
Roof Type Composition
Accessibility None
Handicap Access None
Total Parking Spaces 9
Private Pool false
Building
Lot Description Other
Story Two
Sewer Septic Tank
Water Public
Level or Stories Two
Structure Type Brick,Brick 4 Sides
New Construction No
Construction Status Resale
Schools
Elementary Schools Meadowcreek
Middle Schools Radloff
High Schools Meadowcreek
Others
Senior Community no
Tax ID R6196 053
Special Listing Condition None
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Bought with Peach State Realty