Homes for sale - 1050 Falling Water LN, Norcross, GA 30093

Key Details

Sold Price $475,0003.1%

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 3,054 sqft

Price per Sqft $155

Subdivision Parklake

MLS Listing ID 7452260

Sold Date

Style Traditional

Bedrooms 7

Full Baths 4

Construction Status Resale

HOA Y/N No

Originating Board First Multiple Listing Service

Year Built 1993

Annual Tax Amount $6,080

Tax Year 2023

Lot Size 7,405 Sqft

Acres 0.17

Property 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.

Location

State GA

County Gwinnett

Lake Name None

Rooms

Bedroom Description In-Law Floorplan,Roommate Floor Plan,Split Bedroom Plan

Other Rooms None

Basement Daylight,Exterior Entry,Finished,Finished Bath,Full,Walk-Out Access

Main Level Bedrooms 3

Dining Room Seats 12+,Separate Dining Room

Interior

Interior Features Disappearing Attic Stairs,Double Vanity,Entrance Foyer 2 Story,High Ceilings 9 ft Main,High Speed Internet,Tray Ceiling(s),Vaulted Ceiling(s),Wet Bar

Heating Forced Air,Natural Gas,Zoned

Cooling Ceiling Fan(s),Central Air,Electric,Zoned

Flooring Laminate,Tile

Fireplaces Number 1

Fireplaces Type Factory Built,Family Room,Gas Log,Gas Starter

Window Features Double Pane Windows,Insulated Windows

Appliance Dishwasher,Disposal,Dryer,Gas Range,Gas Water Heater,Microwave,Refrigerator,Washer

Laundry In Kitchen,Laundry Room,Lower Level,Main Level

Exterior

Exterior Feature Garden,Private Yard

Parking Features Driveway,On Street

Fence Back Yard,Fenced,Wood

Pool None

Community Features Near Public Transport,Near Schools,Near Shopping,Park,Restaurant

Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Water Available

Waterfront Description None

View Neighborhood

Roof Type Composition

Street Surface Paved

Accessibility None

Handicap Access None

Porch Deck

Private Pool false

Building

Lot Description Back Yard,Front Yard,Level

Story Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

Structure Type Vinyl Siding

New Construction No

Construction Status Resale

Schools

Elementary Schools Ferguson

Middle Schools Radloff

High Schools Meadowcreek

Others

Senior Community no

Restrictions false

Tax ID R6174 565

Special Listing Condition None