$555,000
$550,000
0.9%For more information regarding the value of a property, please contact us for a free consultation.
0.38 Acres Lot
SOLD DATE : 04/11/2025
Key Details
Sold Price $555,000
Property Type Multi-Family
Sub Type Multi Family,Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Wexford
MLS Listing ID 10471116
Sold Date 04/11/25
HOA Y/N Yes
Originating Board Georgia MLS 2
Year Built 1982
Tax Year 2025
Lot Size 0.380 Acres
Acres 0.38
Lot Dimensions 16552.8
Property Sub-Type Multi Family,Duplex
Property Description
Behold the holy grail of PadSplits! This 5/2.5 (x2) Duplex in Norcross is occupied, well-maintained, and cash-flowing very well. Last year this rental property generated over $99,000 in rents. After expenses and management this is a 7.9% cap investment! The lower bedroom count per unit and being in a neighborhood with many other multifamily homes translates to lower risk for you. It has ample parking to keep the property orderly and the neighbors happy. Powered by PadSplit, this occupied rental is a workforce housing solution that not only helps members save money and live closer to work but also provides a great investment for its owner. All members are professionally screened by PadSplit and required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is directly deposited into the owner's bank account based on the home's performance from the previous month. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution.
Location
State GA
County Gwinnett
Rooms
Basement None
Interior
Heating Central
Cooling Central Air
Fireplaces Number 2
Fireplace Yes
Exterior
Parking Features Off Street
Garage Spaces 8.0
Community Features None
Utilities Available Other
View Y/N No
Total Parking Spaces 8
Garage No
Private Pool No
Building
Faces Start by heading south on I-85 N from downtown Atlanta. Take Exit 101 for Indian Trail Lilburn Rd. Turn left, then left again onto Beaver Ruin Rd. Continue on Beaver Ruin Rd for about a little less than a mile, then turn left onto Wexford Dr. Your destination, 5155 Wexford Ln, will be on your left.
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick,Vinyl Siding
New Construction No
Schools
Elementary Schools Norcross
Middle Schools Summerour
High Schools Out Of Area
Others
HOA Fee Include Other
Tax ID R6226 349
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Resale
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