$216,000
$219,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
4 Baths
2,509 SqFt
SOLD DATE : 12/18/2023
Key Details
Sold Price $216,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,509 sqft
Price per Sqft $86
MLS Listing ID 7308298
Sold Date 12/18/23
Style Cape Cod,Traditional
Bedrooms 7
Full Baths 4
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1971
Annual Tax Amount $2,848
Tax Year 2022
Lot Size 0.344 Acres
Acres 0.344
Property Description
Step into a world of endless possibilities with this unique and spacious property. With 7 bedrooms and additional bonus rooms, this versatile home is great for your large family, roommates, or anyone needing ample space. This home sits on an expansive 15,000 sf lot and features a huge rocking chair front porch. Upstairs has 3 bedrooms, including a primary bedroom with en-suite bath. There are 2 living spaces on the main floor, plus 2 additional bedrooms including an additional primary bedroom on the main level. With multiple living spaces, and 4 full bathrooms, this home is perfect for multi-generational living, guests, or house-hacking. For the savvy investor, this home is a slam dunk and would rent for $3000/mo or more.
The house has numerous rooms, offering flexibility for various uses such as studios, offices, meditation spaces, home theater, a gym, or anything you can imagine. It’s unheard of to find a move-in ready home like this. Check out the 3D walkthrough! Investors will find this property particularly appealing. It's an excellent rental opportunity and would rent for over $3000/month blowing away the 1% rule - providing a substantial return on investment at a 10% cap rate. The house is in turnkey condition, making it an ideal choice for house hacking or buy-and-hold. It could make a good flip too. If you renovate the home to the next level, its value will be above $300,000 and you could refinance and take out almost all your equity or sell it for a profit. While rich in potential, it's important to clarify that this property is not recommended for PadSplit or an investor renting out all 10 rooms to unrelated individuals. The City of Morrow does not allow it. This home is a rare find, offering a blend of space and flexibility for a variety of living arrangements.
Location
State GA
County Clayton
Lake Name None
Rooms
Bedroom Description Roommate Floor Plan
Other Rooms Shed(s)
Basement Daylight, Finished
Main Level Bedrooms 2
Dining Room None
Interior
Interior Features Bookcases, Entrance Foyer, High Speed Internet, Walk-In Closet(s)
Heating Natural Gas
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Laminate
Fireplaces Type None
Window Features None
Appliance Dryer, Electric Oven, Electric Water Heater, Gas Range, Microwave, Range Hood, Refrigerator, Washer
Laundry In Basement, Lower Level
Exterior
Exterior Feature Private Yard, Storage
Garage Driveway
Fence Back Yard
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,Shingle
Street Surface Concrete
Accessibility None
Handicap Access None
Porch Front Porch
Parking Type Driveway
Private Pool false
Building
Lot Description Back Yard, Front Yard
Story Multi/Split
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Cape Cod, Traditional
Level or Stories Multi/Split
Structure Type Aluminum Siding
New Construction No
Construction Status Resale
Schools
Elementary Schools Morrow
Middle Schools Morrow
High Schools Morrow
Others
Senior Community no
Restrictions false
Tax ID 12143B A009
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing no
Special Listing Condition None
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