Viewing Listing MLS# 7123538
Decatur, GA 30034
- 6Beds
- 3Full Baths
- N/AHalf Baths
- N/A SqFt
- 1969Year Built
- 0.40Acres
- MLS# 7123538
- Residential
- Single Family Residence
- Active
- Approx Time on Market1 year, 5 months, 24 days
- AreaN/A
- CountyDekalb - GA
- SubdivisionN/A
Overview
A high-performance, turnkey investment property generating over $51,300 in annual rent! A seasoned PadSplit, this home is in a great location and was completely renovated in 2019. 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. The net income has been rising monthly since the owners have adopted a new Superhost (management company) in March 2022. Please see attached documents for financials and additional information. 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.
Association Fees / Info
Hoa: No
Community Features: Near Marta, Near Schools, Near Shopping, Public Transportation, Restaurant, Street Lights
Bathroom Info
Main Bathroom Level: 2
Total Baths: 3.00
Fullbaths: 3
Room Bedroom Features: Roommate Floor Plan
Bedroom Info
Beds: 6
Building Info
Habitable Residence: Yes
Business Info
Equipment: None
Exterior Features
Fence: Chain Link
Patio and Porch: None
Exterior Features: Private Front Entry, Private Rear Entry, Private Yard, Rain Gutters
Road Surface Type: Asphalt
Pool Private: No
County: Dekalb - GA
Acres: 0.40
Pool Desc: None
Fees / Restrictions
Financial
Original Price: $359,900
Owner Financing: Yes
Garage / Parking
Parking Features: Carport, Driveway
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: Smoke Detector(s)
Fireplace Features: Basement
Levels: One
Appliances: Dishwasher, Dryer, Gas Oven, Gas Range, Microwave, Refrigerator, Washer
Laundry Features: Lower Level
Interior Features: Double Vanity
Flooring: Carpet, Hardwood
Spa Features: None
Lot Info
Lot Size Source: Public Records
Lot Features: Back Yard, Front Yard
Lot Size: 203 x 112
Misc
Property Attached: No
Home Warranty: Yes
Open House
Other
Other Structures: None
Property Info
Construction Materials: Brick 4 Sides
Year Built: 1,969
Property Condition: Resale
Roof: Composition, Shingle
Property Type: Residential Detached
Style: Ranch, Traditional
Rental Info
Land Lease: Yes
Room Info
Kitchen Features: Cabinets White, Solid Surface Counters, Stone Counters
Room Master Bathroom Features: Double Vanity
Room Dining Room Features: Separate Dining Room
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: Corporate Owner, Investor Owned, Sold As/Is
Sqft Info
Building Area Total: 2703
Building Area Source: Public Records
Tax Info
Tax Amount Annual: 4900
Tax Year: 2,022
Tax Parcel Letter: 15-101-07-011
Unit Info
Utilities / Hvac
Cool System: Central Air
Electric: Other
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
From the City of Decatur, take Columbia Drive south to left on Rainbow Drive to right on Cocklebur Road to right on Cocklebur Trail, take a right on Preakness Drive to right on Paddock Drive.Listing Provided courtesy of Keller Williams Realty Metro Atlanta