2148 Meador AVE SE Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30315
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Price Change
Purchase Type For Sale
Square Footage 1,054 sqft
Price per Sqft $293
Subdivision Cloverdale
MLS Listing ID 10518495
Style Brick 3 Side,Brick Front
Bedrooms 2
Full Baths 2
Year Built 1959
Annual Tax Amount $3,299
Tax Year 22
Lot Size 0.331 Acres
Property Sub-Type Single Family Residence
Property Description
If you're an investor looking for your next high-yield opportunity, stop scrolling - because this one checks every box, and then some. Located in the heart of Lakewood - one of the most sought-after rental zones in the state - this fully occupied single-family home is already performing like a duplex... and with just one move, it becomes a powerful triplex cash-flow machine. Here's how it breaks down: the main unit is rented through Section 8 at $1,500 a month - guaranteed, consistent income. In the rear, there's a fully functional in-law suite currently listed on Airbnb, bringing in about $500 a week. That's short-term rental income already flowing. But it doesn't stop there - the basement is unfinished, but with a simple conversion, it's ready to become a 2-bedroom rental unit. And with Lakewood's STR demand, you're looking at an additional $2,500 a month in projected income. So what do we have? Three separate rental streams. All on one property. All in a red-hot location. Now, let's talk financing. The seller has a connection to DSCR lending with rates in the low 6% range - so whether you're buying for long-term cash flow or a short-term BRRRR strategy, your numbers are looking strong. Here's the deal: highest and best offers are due by Friday, May 23rd. That means you've got a limited window to walk it, run your numbers, and lock this in. So if you're serious about building real, scalable cash flow - this is your moment. Reach out now, schedule your showing, and let's get you in before this one's gone.
Location
State GA
County Fulton
Rooms
Other Rooms Other
Dining Room Separate Room
Interior
Heating Central,Electric,Natural Gas
Cooling Ceiling Fan(s),Central Air
Flooring Laminate,Vinyl
Fireplaces Type Other
Laundry In Basement
Exterior
Exterior Feature Balcony,Dock
Parking Features Carport,Parking Pad
Fence Back Yard,Fenced,Front Yard
Community Features Near Public Transport,Near Shopping
Utilities Available Cable Available,Electricity Available,High Speed Internet,Natural Gas Available,Sewer Connected,Underground Utilities,Water Available
View Y/N Yes
View City
Roof Type Composition,Tar/Gravel
Building
Lot Description Level
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Dobbs
Middle Schools Long
High Schools South Atlanta
Others
Acceptable Financing Cash,Conventional,VA Loan
Listing Terms Cash,Conventional,VA Loan
Special Listing Condition Resale