2 Beds
2 Baths
1,054 SqFt
2 Beds
2 Baths
1,054 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,054 sqft
Price per Sqft $293
Subdivision Cloverdale
MLS Listing ID 7576503
Style Traditional
Bedrooms 2
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1959
Annual Tax Amount $4,261
Tax Year 2024
Lot Size 0.331 Acres
Acres 0.3306
Property Sub-Type Single Family Residence
Source First Multiple Listing Service
Property Description
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.
And just when you think it can't get better — there's a vending machine on-site generating an extra $1,500 a month. Passive. Predictable. Profitable.
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
Lake Name None
Rooms
Bedroom Description Double Master Bedroom,In-Law Floorplan,Split Bedroom Plan
Other Rooms None
Basement Bath/Stubbed, Unfinished
Main Level Bedrooms 2
Dining Room Open Concept
Interior
Interior Features Entrance Foyer, Recessed Lighting, Wet Bar
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Tile, Vinyl, Wood
Fireplaces Type None
Window Features Double Pane Windows,Window Treatments
Appliance Dishwasher, Range Hood, Refrigerator
Laundry Common Area
Exterior
Exterior Feature Other
Parking Features Carport, Level Driveway, On Street
Fence Back Yard, Fenced
Pool None
Community Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description None
View City
Roof Type Composition
Street Surface Asphalt
Accessibility None
Handicap Access None
Porch Covered, Deck, Side Porch
Private Pool false
Building
Lot Description Back Yard, Cleared, Front Yard, Landscaped, Level
Story One
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories One
Structure Type Brick 4 Sides,Brick Front
New Construction No
Construction Status Resale
Schools
Elementary Schools John Wesley Dobbs
Middle Schools Crawford Long
High Schools South Atlanta
Others
Senior Community no
Restrictions false
Tax ID 14 005900010562
Special Listing Condition None
Virtual Tour https://idx.paradym.com/idx/2148-Meador-Avenue-SE-Atlanta-GA-30315/4921071/prt/37
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