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Key Details
Sold Price $280,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,750 sqft
Price per Sqft $160
Subdivision Sherrington
MLS Listing ID 7451858
Sold Date 10/31/24
Style Traditional
Bedrooms 5
Full Baths 4
Half Baths 1
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1970
Annual Tax Amount $5,043
Tax Year 2023
Lot Size 0.600 Acres
Acres 0.6
Property Description
This Stone Mountain rental is ideal for the savvy investor. With furnished rooms and 4.5 bathrooms (2 en-suites) this home produces robust rental income compared to anything available on the market, while providing solid workforce housing. It grosses $4600 per month on average with some months averaging consistently above $6000. 0.3 miles to public transit on a major arterial, Redan Rd. Potential for 13% cap rate and 25%+ Cash-on-Cash ROI. FInancials and Proforma available upon request. Powered by PadSplit, this occupied rental is a workforce housing solution that not only helps members save money and live closer to work but provides a great investment for its owner. 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. 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. NOTE: SqFt of home is larger than the tax records state. Financing must be cash, hard money or one of our preferred lenders with PadSplit experience.
Location
State GA
County Dekalb
Lake Name None
Rooms
Bedroom Description Other
Other Rooms None
Basement None
Main Level Bedrooms 5
Dining Room None
Interior
Interior Features Other
Heating Central
Cooling Central Air
Flooring Hardwood, Laminate
Fireplaces Type None
Window Features None
Appliance Electric Cooktop, Electric Oven, Range Hood, Refrigerator
Laundry Common Area
Exterior
Exterior Feature Rain Gutters
Garage Driveway
Fence None
Pool None
Community Features None
Utilities Available Electricity Available, Water Available
Waterfront Description None
Roof Type Shingle
Street Surface Asphalt
Accessibility None
Handicap Access None
Porch Front Porch
Private Pool false
Building
Lot Description Front Yard
Story One
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories One
Structure Type Brick
New Construction No
Construction Status Resale
Schools
Elementary Schools Allgood - Dekalb
Middle Schools Freedom - Dekalb
High Schools Clarkston
Others
Senior Community no
Restrictions false
Tax ID 15 224 06 089
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing no
Special Listing Condition None
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Bought with Cornerstone Real Estate Partners, LLC
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