$290,000
$275,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
3 Baths
2,025 SqFt
SOLD DATE : 01/19/2024
Key Details
Sold Price $290,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,025 sqft
Price per Sqft $143
Subdivision Shadowrock Acres
MLS Listing ID 7315855
Sold Date 01/19/24
Style Traditional
Bedrooms 9
Full Baths 3
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1969
Annual Tax Amount $3,480
Tax Year 2022
Lot Size 0.300 Acres
Acres 0.3
Property Description
Generating over $5,800 per month in gross rental income ($70,000 per year), this seasoned PadSplit coliving home offers a unique combination of cash flow and turnkey management in a sought-after location. This split level home on a beautiful lot in unincorporated Stone Mountain. It's close to downtown Stone Mountain, interstates and major arterials, ensuring superb connectivity. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit not only helps members save money and live closer to work but also provides an avenue for investors to achieve 3x+ cash flow. All members are professionally screened by PadSplit, 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 direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated superhost who coordinates cleaning and repairs, this property is ideal for any investor, regardless of their capacity. In a time when cash flow is hard to find, this turnkey rental defies the odds. It doesn't just meet the '1% rule,' it blows it away. 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 before calling.
Location
State GA
County Dekalb
Lake Name None
Rooms
Bedroom Description Roommate Floor Plan
Other Rooms None
Basement Finished Bath, Full
Main Level Bedrooms 3
Dining Room None
Interior
Interior Features High Speed Internet, Other
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Ceramic Tile, Hardwood, Laminate
Fireplaces Type None
Window Features None
Appliance Dryer, Electric Oven, Electric Range, Electric Water Heater
Laundry In Basement
Exterior
Exterior Feature Private Yard
Garage Driveway
Fence None
Pool None
Community Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View City
Roof Type Composition
Street Surface Asphalt
Accessibility None
Handicap Access None
Porch Rear Porch
Parking Type Driveway
Total Parking Spaces 4
Private Pool false
Building
Lot Description Back Yard, Front Yard
Story Multi/Split
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Multi/Split
Structure Type Brick 4 Sides,Vinyl Siding
New Construction No
Construction Status Resale
Schools
Elementary Schools Stone Mill
Middle Schools Stone Mountain
High Schools Stone Mountain
Others
Senior Community no
Restrictions false
Tax ID 18 073 05 024
Ownership Fee Simple
Acceptable Financing Assumable Vendor Lien, Conventional
Listing Terms Assumable Vendor Lien, Conventional
Financing no
Special Listing Condition None
Read Less Info
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Bought with BHGRE Metro Brokers
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broker@sandshomesrealtyllc.com
100 Courthouse Square, Buchanan, GA, 30113, United States