Bought with Josh Stanton • Keller Williams Realty
$320,000
$319,000
0.3%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3 Baths
1,994 SqFt
SOLD DATE : 02/14/2023
Key Details
Sold Price $320,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,994 sqft
Price per Sqft $160
Subdivision Flat Shoals
MLS Listing ID 10119500
Sold Date 02/14/23
Style Brick 4 Side,Ranch,Traditional
Bedrooms 5
Full Baths 3
Construction Status Resale
HOA Y/N No
Year Built 1963
Annual Tax Amount $3,385
Tax Year 2022
Lot Size 0.300 Acres
Property Description
Are you looking for cash-flow? Stop what you are doing, because you've found what you've been seeking. Averaging over $5,600 in gross rents per month, this high-performance 12% cap turnkey rental generates over $67,000 per year. It blows away the "1% rule." This seasoned PadSplit coliving home occupies a prime location with ample parking and good proximity to public transit. This home is sold with a master lease to a corporate tenant with over 12 years of experience owning and operating assets like this. An experienced third-party property manager is also available, making this property ideal for any investor, no matter their capacity.
Location
State GA
County Dekalb
Rooms
Basement Daylight, Exterior Entry, Finished, Interior Entry
Interior
Interior Features Other
Heating Central, Forced Air, Natural Gas
Cooling Central Air
Flooring Hardwood, Laminate, Tile
Exterior
Exterior Feature Garden
Garage Attached, Carport, Kitchen Level
Community Features Park, Walk To Public Transit, Walk To Schools, Walk To Shopping
Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront Description No Dock Or Boathouse
Roof Type Composition
Building
Story Multi/Split
Foundation Block
Sewer Public Sewer
Level or Stories Multi/Split
Structure Type Garden
Construction Status Resale
Schools
Elementary Schools Flat Shoals
Middle Schools Mcnair
High Schools Mcnair
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Financing Conventional
Special Listing Condition Investor Owned
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