Viewing Listing MLS# 402734426
Lithonia, GA 30058
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 1987Year Built
- 0.20Acres
- MLS# 402734426
- Multifamily
- Other
- Active
- Approx Time on Market2 months, 8 days
- AreaN/A
- CountyDekalb - GA
- Subdivision Leisure Valley
Overview
Looking for cashflow? You found it! This turnkey coliving rental property generates $3,800 per month, and is a 12.0% 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 leased to a PadSplit LLC, and it can be terminated with 30 day notice by the landlord. An experienced Superhost is also available, making this property ideal for any investor, no matter their capacity. This house is set up with 6 rooms, as the dining room, living room, have been converted to bedrooms. PadSplit helps members save money and live closer to work, while providing 2x returns to investors compared to a typical rental. Google ""PadSplit hosts"" to learn more. Part of a Portfolio.
Association Fees / Info
Hoa: No
Community Features: Street Lights
Bathroom Info
Building Info
Habitable Residence: No
Number of Units Total: 5
Exterior Features
Fence: None
Pool Private: No
County: Dekalb - GA
Acres: 0.20
Financial
Original Price: $210,000
Operating Expense: 15600
Net Operating Income: 25,200
Owner Financing: No
Cap Rate: 12
Gross Income: 40,800
Garage / Parking
Parking Features: Garage
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: Common Area
Interior Features
Security Ftr: None
Levels: One
Lot Info
Lot Size Source: Assessor
Lot Features: Level
Lot Size: 60x115x60x115
Misc
Property Attached: No
Home Warranty: No
Open House
Other
Property Info
Construction Materials: Wood Siding
Year Built: 1,987
Property Condition: Resale
Roof: Shingle
Property Type: Residential Income
Rental Info
Land Lease: No
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: Owner/Agent
Tax Info
Tax Amount Annual: 1600
Tax Year: 2,023
Tax Parcel Letter: 16-059-01-256
Unit Info
Utilities / Hvac
Cool System: Central Air
Heating: Central
Utilities: None
Sewer: Public Sewer
Waterfront / Water
Water Body Name: None
Water Source: Public
Waterfront Features: None
Directions
Take exit 71 toward Panola Rd. Go for 0.3 mi. Turn left onto Panola Rd. Go for 1.7 mi. Turn right onto Mallard Trl. Go for 0.6 mi. Turn right onto Mallard Way. Go for 272 ft.Listing Provided courtesy of Realty Hub Of Georgia, Llc
MLS# 390362149