5155 Wexford LN #A & B

Norcross,GA 30071

$ 550000

- Bed

- Bath

- SqFt


Key Details

Property Type Multi-Family

Sub Type Multi Family,Duplex

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Wexford

MLS Listing ID 10471116

Year Built 1982

Tax Year 2025

Lot Size 0.380 Acres

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

Interior

Heating Central

Cooling Central Air

Fireplaces Number 2

Exterior

Parking Features Off Street

Garage Spaces 8.0

Community Features None

Utilities Available Other

View Y/N No

Building

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

Acceptable Financing Cash,Conventional,FHA,VA Loan

Listing Terms Cash,Conventional,FHA,VA Loan

Special Listing Condition Resale

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