Bought with Jeffrey Stewart • LOCAL Realty
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1812 Glenview DR SW Atlanta, GA 30331
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Key Details
Sold Price $270,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,338 sqft
Price per Sqft $115
Subdivision Heritage Valley
MLS Listing ID 10244894
Sold Date 03/19/24
Style Brick 4 Side,Ranch
Bedrooms 8
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1960
Annual Tax Amount $1,659
Tax Year 2023
Lot Size 0.452 Acres
Property Description
Turnkey rental, fully leased at $5,500 per month in gross rental income ($67,000+ per year), this seasoned PadSplit coliving home in the City of Atlanta offers a unique combination of cash flow and turnkey management in a sought-after location. At a 14% cap rate with a leveraged ROI of 25%+, this is an unbeatable investment, sold As-Is! This home is in the beautiful Heritage Valley neighborhood, no HOA and close to 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.
Location
State GA
County Fulton
Rooms
Basement None
Main Level Bedrooms 3
Interior
Interior Features Roommate Plan
Heating Natural Gas, Forced Air
Cooling Central Air
Flooring Tile, Laminate
Exterior
Garage Carport
Fence Back Yard
Community Features Walk To Shopping
Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available
View City
Roof Type Composition
Building
Story Multi/Split
Foundation Slab
Sewer Public Sewer
Level or Stories Multi/Split
Construction Status Resale
Schools
Elementary Schools Fickett
Middle Schools Bunche
High Schools Therrell
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Other
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