217 W Simon Terrace, Atlanta, GA 30318

$245,000
8
BD
2
BA
2,014
SqFt
List Price
$245,000
Price Change
▼ $15,000 1712359902
MLS#
7341847
Status
ACTIVE
Type
Single Family Residential
Subtype
Single Family Residence
Bedrooms
8
Bathrooms
2
Square Footage
2,014
Lot Size
0.22
Subdivision
Pyramid Assoc Inc Sub
Basement
Yes
Basement Description
Full

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
Ranch, Traditional
Stories
One
Construction
Brick 4 Sides
Year Built
1960
Neighborhood Amenities
None
Kitchen Features
Cabinets White
Interior
Other
Exterior
Rain Gutters
Roof
Composition, Shingle
Lot Dimensions
70x132x71x133
Parking
Driveway, Garage
Lot Desc
Back Yard, Front Yard, Level
Water
Public
Sewer
Public Sewer
Elementary School
Bazoline E. Usher/Collier Heights
Middle School
John Lewis Invictus Academy/Harper-Archer
High School
Frederick Douglass
Acres
0.22
Dock
None
Levels
One
Taxes
$3,023

Listing courtesy of Keller Williams Realty Metro Atlanta.

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