Viewing Listing MLS# 7170064
Decatur, GA 30035
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 1965Year Built
- 0.30Acres
- MLS# 7170064
- Multifamily
- Other
- Active
- Approx Time on Market1 year, 3 months,
- AreaN/A
- CountyDekalb - GA
- SubdivisionGlenwood Estates
Overview
A high-performance, turnkey investment property generating $55,000 in annual rent ($4,500+/mo), nearly at a 9.5% cap rate when you factor expenses. A seasoned PadSplit, this home is in a great location close to expressways, shopping, and public transportation. This property 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. Please see attached documents for financials and additional information. Dining room, living room, and bonus room have been converted to bedrooms. This amazing coliving opportunity helps people to save money, live closer to work, and enjoy a comfortable, affordable lifestyle. Google ""PadSplit hosts"" to learn more.
Association Fees / Info
Hoa: No
Community Features: Near Marta, Near Schools, Public Transportation, Restaurant
Bathroom Info
Building Info
Habitable Residence: Yes
Number of Units Total: 1
Exterior Features
Fence: Back Yard, Wood
Pool Private: No
County: Dekalb - GA
Acres: 0.30
Financial
Original Price: $317,000
Operating Expense: 21550
Net Operating Income: 33,389
Owner Financing: Yes
Cap Rate: 9.5
Gross Income: 54,939
Garage / Parking
Parking Features: Driveway, Level Driveway
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: None
Levels: Multi/Split
Lot Info
Lot Size Source: Public Records
Lot Features: Level
Lot Size: 151 x 75
Misc
Property Attached: No
Home Warranty: Yes
Open House
Other
Property Info
Construction Materials: Brick 3 Sides, Brick Front, Concrete
Year Built: 1,965
Property Condition: Resale
Roof: Composition, Shingle
Property Type: Residential Income
Rental Info
Land Lease: Yes
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: Corporate Owner, Investor Owned, No disclosures from Seller, Sold As/Is
Tax Info
Tax Amount Annual: 1748
Tax Year: 2,022
Tax Parcel Letter: 15-189-05-019
Unit Info
Utilities / Hvac
Cool System: Central Air
Heating: Forced Air, Natural Gas
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Sewer: Public Sewer
Waterfront / Water
Water Body Name: None
Water Source: Public
Waterfront Features: None
Directions
Take exit 67 from I-20 E (or 67B from I-20 W) to head north on I-285. Take exit 44 for Glenwood Rd. Turn right onto Glenwood Rd and head east to Atherton Dr. Take a left on Atherton Dr, and another left on Atherton Cir. The property will be on your left.Listing Provided courtesy of Keller Williams Realty Metro Atlanta