$490,000
Pending

1050 Falling Water Lane

Norcross, GA 30093
3054 sqft | 7 beds | 4 baths | 0.17 acres | #10373663
Type:Purchase
Structure:House
Zone:Residential

Description

Great INVESTMENT opportunity with furnishings and tenants included. New laminate floor. Welcome to this unique and versatile single-family home in Norcross, GA, offering an incredible investment opportunity or a perfect fit for a large family or roommates. Located just minutes from I-85, schools, and shopping, this property combines convenience with exceptional rental potential. Boasting 7 bedrooms and 4 bathrooms, this expansive home features two full kitchens and an additional kitchenette and two laundries; one in each floor, making it ideal for multi-generational living or shared housing. With three separate entries, the layout provides privacy and independence for everyone, whether you're accommodating tenants, roommates, or extended family members. Currently leased and generating a monthly rental income of $3,600 with half occupancy, this property has the potential to bring in up to $5,000 per month with full occupancy. Tenants are flexible and can either stay or vacate based on the new owner's preference, offering you the flexibility to maintain the current arrangement or customize the home to your needs. The property's proximity to major highways, schools, and shopping centers ensures that you'll always be close to all essential amenities. Whether you're looking to maximize your rental income or searching for a home that can comfortably accommodate a large household, this property is an outstanding opportunity. Don't miss out on this versatile home with impressive investment potential.

  • Interior Details
      • InteriorDouble Vanity, High Ceilings, In-Law Floorplan, Pulldown Attic Stairs, Roommate Plan, Split Bedroom Plan, Tray Ceiling(s), Vaulted Ceil
      • Fireplaces1
    • Beds & Baths
      • Bedrooms7
      • Bathrooms4
      • Full Baths4
      • Bedrooms on Main Level3
  • Property Details
      • Lot DescriptionLevel, Private
      • Exterior MaterialsGarden
    • Measurements
      • Acres0.17
      • Square Feet3054
  • Construction Details
      • Basement DescriptionBath Finished, Daylight, Exterior Entry, Finished, Full
      • StyleTraditional
      • Property TypePurchase
      • Basement1
      • Basement Finished1
    • Condition
      • Year Built1993
    • Material information
      • FoundationSlab
  • Utilities / Energy Details
      • Utility FeaturesCable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Water Available
      • Sewer InformationPublic Sewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionParklake
    • Location
      • Middle SchoolLouise Radloff
      • High SchoolMeadowcreek
      • Elementary SchoolFerguson
      • CountyGwinnett
  • Financial Details
      • Taxes Annual$6,080
  • Other
      • MLS #10373663

Location

Valerie Whiteman | Crye-Leike Real Estate Svcs.Real Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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