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Key Details
Sold Price $168,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Leisure Valley
MLS Listing ID 7448797
Sold Date 01/09/25
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1987
Annual Tax Amount $1,600
Tax Year 2023
Lot Size 8,712 Sqft
Acres 0.2
Property Description
Looking for cashflow? You found it! This turnkey coliving rental property generates $3,800 per month, and is a 12.0% cap rate when you factor expenses. A seasoned PadSplit, this home is in a great location close to expressways, shopping, and public transportation. This property is sold leased to a PadSplit LLC, and it can be terminated with 30 day notice by the landlord. An experienced Superhost is also available, making this property ideal for any investor, no matter their capacity. This house is set up with 6 rooms, as the dining room, living room, have been converted to bedrooms. PadSplit helps members save money and live closer to work, while providing 2x returns to investors compared to a typical rental. Google "PadSplit hosts" to learn more. Part of a Portfolio.
Location
State GA
County Dekalb
Lake Name None
Interior
Heating Central
Cooling Central Air
Window Features Insulated Windows
Exterior
Parking Features Garage
Fence None
Community Features Street Lights
Utilities Available None
Waterfront Description None
View Other
Roof Type Shingle
Private Pool false
Building
Lot Description Level
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Wood Siding
New Construction No
Construction Status Resale
Schools
Elementary Schools Panola Way
Middle Schools Miller Grove
High Schools Miller Grove
Others
Senior Community no
Tax ID 16 059 01 256
Special Listing Condition None
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Bought with Realty Hub of Georgia, LLC