$550,000
For Sale

5155 Wexford Lane #A & B

Norcross, GA 30071
Type:Multi-Family
Structure:2 Family
Zone:Residential

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.

  • Property Details
      • Property SubtypeDuplex, House, Other
      • Structure TypeDuplex, House, Other
      • Property TypeMulti-Family
      • Sewer InformationPublic Sewer
      • High SchoolOut of Area
      • Middle SchoolSummerour
      • Elementary SchoolNorcross
      • CountyGwinnett
      • MLS #10471116
      • MLS #10471116
      • SubdivisionWexford
      • Utility SourcePublic
      • Cost550000
      • Utility FeaturesOther
      • Acres0.38
      • Year Built1982
      • FoundationSlab
      • Taxes Annual$0
      • Fireplaces2
      • Parking Spaces8

Location

Michael HydeReal Estate Group