Bought with Josh Stanton • Keller Williams Realty
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Key Details
Sold Price $285,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Subdivision Toney Gardens
MLS Listing ID 10190015
Sold Date 09/26/23
Style Brick 4 Side,Traditional
Bedrooms 7
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1959
Annual Tax Amount $3,894
Tax Year 2022
Lot Size 0.300 Acres
Property Description
Introducing an unparalleled turnkey rental opportunity for investors. Experience the perfect blend of location, turnkey management, and income with this high-performance income property on the sought-after PadSplit Coliving platform. This 4-sided brick home, perched high above the street with ample parking, is strategically situated in a prime ITP location in Decatur. It's close (but not too close) to interstates and major arterials, ensuring superb connectivity. Generating over $4,500 per month in gross rental income ($50,000+ per year), this seasoned PadSplit coliving home offers a unique combination of cash flow and potential appreciation in a sought-after location. 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 2x-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
Rooms
Basement None
Main Level Bedrooms 1
Interior
Interior Features Roommate Plan, Split Bedroom Plan
Heating Central, Natural Gas
Cooling Central Air
Flooring Hardwood, Laminate
Exterior
Parking Features Carport
Community Features None
Utilities Available Electricity Available, Natural Gas Available, Water Available
Roof Type Composition
Building
Story Multi/Split
Foundation Block
Sewer Public Sewer
Level or Stories Multi/Split
Construction Status Resale
Schools
Elementary Schools Columbia
Middle Schools Columbia
High Schools Columbia
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Investor Owned
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