$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 10234918
Style Brick 4 Side,Traditional
Bedrooms 9
Full Baths 3
Year Built 1969
Annual Tax Amount $3,480
Tax Year 2022
Lot Size 0.300 Acres
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
Interior
Heating Natural Gas, Forced Air
Cooling Central Air
Flooring Hardwood, Tile, Laminate
Laundry In Basement
Exterior
Parking Features Off Street
Garage Spaces 4.0
Community Features None
Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available
View Y/N Yes
View City
Roof Type Composition
Building
Lot Description Other
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick,Vinyl Siding
New Construction No
Schools
Elementary Schools Stone Mill
Middle Schools Stone Mountain
High Schools Stone Mountain
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Resale
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
© 2025 Georgia Multiple Listing Service. All Rights Reserved.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1355 Terrell Mill Rd., Bldg # 1464, Marietta, GA, 30067