217 W Simon Terrace, Atlanta, GA 30318

$245,000
8
BD
2
BA
2,014
SqFt
List Price
$245,000
Price Change
▼ $15,000 1712362405
MLS#
10256450
Status
ACTIVE
Type
Single Family Residential
Subtype
Single Family Residence
Bedrooms
8
Bathrooms
2
Square Footage
2,014
Square Footage Source
Public Records
Lot Size
0.22
Subdivision
Pyramid Assoc Inc Sub
Basement
Yes

Property Description

Looking for cash flow? You found it! This vacant home has been set up for roommates on the PadSplit platform, which provides furnished rooms for rent. PadSplit provides affordable rooms for the workforce while getting a much higher ROI for investors. This home can generate $5700+ per month in rent with its current setup. Excellent off-street parking behind the house and only 1 mi from HE Holmes MARTA Train Station - this home check's all the boxes for CoLiving or PadSplit. Its layout is also ideal for the savvy house-hacker wanting sweat equity, CoLiving investor, or handy owner-occupant looking for the versatility of a flexible floor plan comprising 8 rooms that could be used as bedrooms or flex-rooms. This home only needs some light cosmetic work to be up and running again. This home's distinctive layout offers a plethora of choices. In need of multiple work-from-home spaces? How about a dedicated gym, a media room, or extra rooms for guests? This property has got you covered. Alternatively, for the savvy owner-occupant, move in and let your roommates pay your mortgage and start building wealth from day one. OFFER REQUIREMENTS: Do all due diligence prior to submitting offer, $7,500 EM, closing attorney must be the Fryer Law Firm

Additional Information

Style
Brick 4 Side, Ranch, Traditional
Stories
1 Story
Year Built
1960
Parking
Garage, Off Street
Sewer
Public Sewer
Elementary School
Usher
High School
Douglass
Acres
0.22
Levels
One

Listing courtesy of Keller Williams Realty.

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