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217 W Simon TER Atlanta, GA 30318
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Key Details
Sold Price $200,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,289 sqft
Price per Sqft $155
Subdivision Pyramid Assoc Inc Sub
MLS Listing ID 10322280
Sold Date 08/19/24
Style Brick 4 Side,Ranch
Bedrooms 8
Full Baths 2
HOA Y/N No
Year Built 1960
Annual Tax Amount $3,023
Tax Year 2023
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 9583.2
Property Sub-Type Single Family Residence
Source Georgia MLS 2
Property Description
Looking for cash flow? You found it! This vacant home has been set up for roommates on the PadSplit platform, which provides furnished rooms for rent. PadSplit provides affordable rooms for the workforce while getting a much higher ROI for investors. This home can generate $5700+ per month in rent with its current setup. Excellent off-street parking behind the house and only 1 mi from HE Holmes MARTA Train Station - this home check's all the boxes for CoLiving or PadSplit. Its layout is also ideal for the savvy house-hacker wanting sweat equity, CoLiving investor, or handy owner-occupant looking for the versatility of a flexible floor plan comprising 8 rooms that could be used as bedrooms or flex-rooms. This home only needs some light cosmetic work to be up and running again. This home's distinctive layout offers a plethora of choices. In need of multiple work-from-home spaces? How about a dedicated gym, a media room, or extra rooms for guests? This property has got you covered. Alternatively, for the savvy owner-occupant, move in and let your roommates pay your mortgage and start building wealth from day one. OFFER REQUIREMENTS: Do all due diligence prior to submitting offer, $7,500 EM, closing attorney must be the Fryer Law Firm
Location
State GA
County Fulton
Rooms
Basement Daylight
Interior
Interior Features Roommate Plan
Heating Forced Air
Cooling Central Air, Electric
Flooring Other
Fireplace No
Appliance Refrigerator
Laundry Common Area
Exterior
Parking Features Garage
Community Features Near Shopping
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 Other
Garage Yes
Private Pool No
Building
Lot Description Other
Faces Take I-85 S and I-20 W to GA-280 N/Hamilton E Holmes Drive NW.Take exit 52B from I-20 W. Turn right onto GA-280 N/Hamilton E Holmes Dr NW and turn left onto Loghaven Dr NW. Turn right onto W Simon Terrace NW and property will be on the right.
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Usher
Middle Schools J. L. Invictus Academy
High Schools Douglass
Others
HOA Fee Include None
Tax ID 14 020600060668
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Resale
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