Bought with Cornerstone R/Estate Partners
$395,000
$375,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
2.5 Baths
1,374 SqFt
SOLD DATE : 04/25/2022
Key Details
Sold Price $395,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,374 sqft
Price per Sqft $287
Subdivision Collier Heights
MLS Listing ID 10041104
Sold Date 04/25/22
Style Brick 4 Side,Traditional
Bedrooms 6
Full Baths 2
Half Baths 1
Construction Status Resale
HOA Y/N No
Year Built 1962
Annual Tax Amount $1,534
Tax Year 2021
Lot Size 0.547 Acres
Property Description
A high-performance turnkey 10% cap income-producing property on the PadSplit Coliving platform generating over $58,000 in rent annually, $37,000 after expenses. This home is sold with a master lease to a corporate tenant with over 12 years of experience owning and operating assets like this. Living room and dining room currently repurposed as bedrooms. This amazing coliving opportunity helps people to save money, live closer to work, and enjoy a comfortable, affordable lifestyle. An experienced third-party property manager is also available, making this property ideal for any investor, no matter their capacity.
Location
State GA
County Fulton
Rooms
Basement None
Main Level Bedrooms 3
Interior
Interior Features Roommate Plan
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Hardwood, Laminate
Exterior
Parking Features Carport
Community Features Street Lights, Walk To Public Transit, Walk To Schools, Walk To Shopping
Utilities Available Electricity Available, Natural Gas 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 Usher
Middle Schools Harper Archer
High Schools Douglass
Others
Financing Other
Read Less Info
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