$285,000
$285,000
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7 Beds
2 Baths
1,954 SqFt
SOLD DATE : 09/26/2023
Key Details
Sold Price $285,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,954 sqft
Price per Sqft $145
Subdivision Toney Gardens
MLS Listing ID 7258759
Sold Date 09/26/23
Style Traditional
Bedrooms 7
Full Baths 2
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1959
Annual Tax Amount $3,894
Tax Year 2022
Lot Size 0.300 Acres
Acres 0.3
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. NOTE: The virtual 3D tour was taken immediately after renovation, listing photos are current.
Location
State GA
County Dekalb
Lake Name None
Rooms
Bedroom Description Roommate Floor Plan, Split Bedroom Plan
Other Rooms None
Basement None
Main Level Bedrooms 1
Dining Room Other
Interior
Interior Features Entrance Foyer, Low Flow Plumbing Fixtures, Other
Heating Central, Natural Gas
Cooling Central Air
Flooring Hardwood, Laminate
Fireplaces Type None
Window Features Double Pane Windows
Appliance Dishwasher, Dryer, Electric Cooktop, Electric Oven, Gas Water Heater, Refrigerator, Washer
Laundry Common Area, Laundry Room, Lower Level
Exterior
Exterior Feature None
Garage Carport, Driveway
Fence None
Pool None
Community Features None
Utilities Available Electricity Available, Natural Gas Available, Water Available
Waterfront Description None
View Other
Roof Type Composition, Shingle
Street Surface Asphalt
Accessibility None
Handicap Access None
Porch Patio
Private Pool false
Building
Lot Description Back Yard, Front Yard, Level
Story Multi/Split
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Multi/Split
Structure Type Brick 4 Sides
New Construction No
Construction Status Resale
Schools
Elementary Schools Columbia
Middle Schools Columbia - Dekalb
High Schools Columbia
Others
Senior Community no
Restrictions false
Tax ID 15 135 05 011
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing no
Special Listing Condition None
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516 Sosebee Farm Unit 1211, Grayson, Georgia, 30052, United States