Viewing Listing MLS# 403459144
Stone Mountain, GA 30083
- 5Beds
- 4Full Baths
- 1Half Baths
- N/A SqFt
- 1970Year Built
- 0.60Acres
- MLS# 403459144
- Residential
- Single Family Residence
- Pending
- Approx Time on Market14 days
- AreaN/A
- CountyDekalb - GA
- Subdivision Sherrington
Overview
This Stone Mountain rental is ideal for the savvy investor. With furnished rooms and 4.5 bathrooms (2 en-suites) this home produces robust rental income compared to anything available on the market, while providing solid workforce housing. It grosses $4600 per month on average with some months averaging consistently above $6000. 0.3 miles to public transit on a major arterial, Redan Rd. Potential for 13% cap rate and 25%+ Cash-on-Cash ROI. FInancials and Proforma available upon request. Powered by PadSplit, this occupied rental is a workforce housing solution that not only helps members save money and live closer to work but provides a great investment for its owner. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. NOTE: SqFt of home is larger than the tax records state. Financing must be cash, hard money or one of our preferred lenders with PadSplit experience.
Association Fees / Info
Hoa: No
Community Features: None
Bathroom Info
Main Bathroom Level: 4
Halfbaths: 1
Total Baths: 5.00
Fullbaths: 4
Room Bedroom Features: Other
Bedroom Info
Beds: 5
Building Info
Habitable Residence: No
Business Info
Equipment: None
Exterior Features
Fence: None
Patio and Porch: Front Porch
Exterior Features: Rain Gutters
Road Surface Type: Asphalt
Pool Private: No
County: Dekalb - GA
Acres: 0.60
Pool Desc: None
Fees / Restrictions
Financial
Original Price: $274,000
Owner Financing: No
Garage / Parking
Parking Features: Driveway
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: None
Fireplace Features: None
Levels: One
Appliances: Electric Cooktop, Electric Oven, Range Hood, Refrigerator
Laundry Features: Common Area
Interior Features: Other
Flooring: Hardwood, Laminate
Spa Features: None
Lot Info
Lot Size Source: Public Records
Lot Features: Front Yard
Lot Size: 26x26x179x85x140x78x102
Misc
Property Attached: No
Home Warranty: No
Open House
Other
Other Structures: None
Property Info
Construction Materials: Brick
Year Built: 1,970
Property Condition: Resale
Roof: Shingle
Property Type: Residential Detached
Style: Traditional
Rental Info
Land Lease: No
Room Info
Kitchen Features: Cabinets Stain
Room Master Bathroom Features: Other
Room Dining Room Features: None
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: Corporate Owner, No disclosures from Seller, Sold As/Is
Sqft Info
Building Area Total: 1750
Building Area Source: Public Records
Tax Info
Tax Amount Annual: 5043
Tax Year: 2,023
Tax Parcel Letter: 15-224-06-089
Unit Info
Utilities / Hvac
Cool System: Central Air
Electric: 110 Volts
Heating: Central
Utilities: Electricity Available, Water Available
Sewer: Public Sewer
Waterfront / Water
Water Body Name: None
Water Source: Public
Waterfront Features: None
Directions
Head E on US-278E to Covington Rd, turn left onto Redan Rd, turn right onto Sherrington Dr, turn left onto Sherrington Ct.Listing Provided courtesy of Keller Williams Realty Metro Atlanta
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