$320,000
$319,000
0.3%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3 Baths
1,994 SqFt
SOLD DATE : 02/14/2023
Key Details
Sold Price $320,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,994 sqft
Price per Sqft $160
Subdivision Flat Shoals
MLS Listing ID 7158478
Sold Date 02/14/23
Style Ranch, Traditional
Bedrooms 5
Full Baths 3
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1963
Annual Tax Amount $3,385
Tax Year 2022
Lot Size 0.300 Acres
Acres 0.3
Property Description
Are you looking for cash-flow? Stop what you are doing, because you’ve found what you’ve been seeking. Averaging over $5,600 in gross rents per month, this high-performance 12% cap turnkey rental generates over $67,000 per year. It blows away the "1% rule." This seasoned PadSplit coliving home occupies a prime location with ample parking and good proximity to public transit. This home is sold with a master lease to a corporate tenant with over 12 years of experience owning and operating assets like this. An experienced third-party property manager is also available, making this property ideal for any investor, no matter their capacity.
Location
State GA
County Dekalb
Lake Name None
Rooms
Bedroom Description Other
Other Rooms None
Basement Daylight, Exterior Entry, Finished, Interior Entry
Dining Room Other
Interior
Interior Features Entrance Foyer, High Speed Internet, Other
Heating Central, Forced Air, Natural Gas
Cooling Central Air
Flooring Ceramic Tile, Hardwood, Laminate
Fireplaces Type None
Window Features None
Appliance Dishwasher, Electric Range, Refrigerator
Laundry Lower Level
Exterior
Exterior Feature Garden, Private Front Entry, Private Rear Entry, Private Yard
Garage Attached, Carport, Covered, Driveway, Kitchen Level, Level Driveway
Fence None
Pool None
Community Features Near Marta, Near Schools, Near Shopping, Park
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View Other
Roof Type Composition, Shingle
Street Surface Asphalt
Accessibility None
Handicap Access None
Porch Patio
Parking Type Attached, Carport, Covered, Driveway, Kitchen Level, Level Driveway
Building
Lot Description Back Yard, Front Yard, Level
Story Multi/Split
Foundation Block, Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Ranch, Traditional
Level or Stories Multi/Split
Structure Type Brick 4 Sides
New Construction No
Construction Status Resale
Schools
Elementary Schools Flat Shoals - Dekalb
Middle Schools Mcnair - Dekalb
High Schools Mcnair
Others
Senior Community no
Restrictions false
Tax ID 15 119 09 006
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Keller Williams Realty Metro Atlanta
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
GET MORE INFORMATION
Request More Info
