Bought with Josh Stanton • Keller Williams Realty
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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
Subdivision Pyramid Assoc Inc Sub
MLS Listing ID 10322280
Sold Date 08/19/24
Style Brick 4 Side,Ranch
Bedrooms 8
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1960
Annual Tax Amount $3,023
Tax Year 2023
Lot Size 9,583 Sqft
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
Main Level Bedrooms 5
Interior
Interior Features Roommate Plan
Heating Forced Air
Cooling Central Air, Electric
Flooring Other
Exterior
Garage Garage
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 Other
Building
Story One
Foundation Block
Sewer Public Sewer
Level or Stories One
Construction Status Resale
Schools
Elementary Schools Usher
Middle Schools J. L. Invictus Academy
High Schools Douglass
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Investor Owned
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