Turnkey rental, fully leased at $5,500 per month in gross rental income ($67,000+ per year), this seasoned PadSplit coliving home in the City of Atlanta offers a unique combination of cash flow and turnkey management in a sought-after location. At a 14% cap rate with a leveraged ROI of 25%+, this is an unbeatable investment, sold As-Is! This home is in the beautiful Heritage Valley neighborhood, no HOA and close to interstates and major arterials, ensuring superb connectivity. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit not only helps members save money and live closer to work but also provides an avenue for investors to achieve 3x+ cash flow. 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. Sold with an optional top-rated superhost who coordinates cleaning and repairs, this property is ideal for any investor, regardless of their capacity. In a time when cash flow is hard to find, this turnkey rental defies the odds. It doesn't just meet the '1% rule,' it blows it away. 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.
Closed
$270,000
1812 Glenview Dr SW, Atlanta, GA 30331
8beds
2,338sqft
Single Family Residence, Residential
Built in 1960
0.45 Acres Lot
$264,900 Zestimate®
$115/sqft
$2,021 Estimated rent
Home value
$264,900
$223,000 - $305,000
$2,021/mo
Zestimate® history
Owner options
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$2,021/mo
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$2,021/mo
Rent Zestimate®
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$1,643/mo
Est. payment
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$1,643/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Josh Stanton,
Keller Williams Realty Metro Atlanta 404-564-5560
Bought with:
Jeffrey Stewart, 351821
Local Realty
Source: FMLS GA,MLS#: 7328537
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Features: Roommate Floor Plan
- Level: Roommate Floor Plan
Bedroom
- Features: Roommate Floor Plan
Primary bathroom
- Features: Tub/Shower Combo
Dining room
- Features: None
Kitchen
- Features: Cabinets White, Eat-in Kitchen, Laminate Counters
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Oven, Electric Range
- Laundry: Laundry Closet, Lower Level
Features
- High Speed Internet
- Flooring: Ceramic Tile, Laminate
- Windows: None
- Basement: None
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,338
- Total interior livable area: 2,338 sqft
- Finished area above ground: 0
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Carport, Covered
- Carport spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
- Patio & porch: None
- Exterior features: Rain Gutters, No Dock
- Pool features: None
- Spa features: None
- Fencing: Back Yard
- Has view: Yes
- View description: City
- Waterfront features: None
- Body of water: None
Lot
- Size: 0.45 Acres
- Features: Back Yard, Front Yard
Details
- Additional structures: None
- Parcel number: 14 025000040368
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence, Residential
Materials
- Brick 4 Sides, Vinyl Siding
- Foundation: Slab
- Roof: Composition,Shingle
Condition
- Resale
- New construction: No
- Year built: 1960
Utilities & green energy
- Electric: 110 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & neighborhood
Security
- Security features: None
Community
- Community features: Near Shopping, Restaurant
Location
- Region: Atlanta
- Subdivision: Heritage Valley
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 3/19/2024 | Sold | $270,000+0.4%$115/sqft |
Source:  FMLS GA #7328537 Report a problem | ||
| 2/15/2024 | Pending sale | $269,000$115/sqft |
Source:  GAMLS #10244894 Report a problem | ||
| 1/24/2024 | Listed for sale | $269,000+7.6%$115/sqft |
Source: GAMLS #10244894 Report a problem | ||
| 10/18/2019 | Listing removed | $250,000$107/sqft |
Source: Foundations Realty Group, LLC #6588738 Report a problem | ||
| 8/18/2019 | Price change | $250,000+79.9%$107/sqft |
Source: Foundations Realty Group, LLC #6588738 Report a problem | ||
| 7/25/2019 | Price change | $139,000-0.7%$59/sqft |
Source: Foundations Realty Group, LLC #6588738 Report a problem | ||
| 7/23/2019 | Listed for sale | $140,000+9.8%$60/sqft |
Source: BHGRE Metro Brokers #6508207 Report a problem | ||
| 6/21/2019 | Sold | $127,500-8.9%$55/sqft |
Source:  GAMLS #8529616 Report a problem | ||
| 6/6/2019 | Pending sale | $140,000$60/sqft |
Source: BHGRE Metro Brokers #8529616 Report a problem | ||
| 4/16/2019 | Listed for sale | $140,000$60/sqft |
Source: BHGRE Metro Brokers #8529616 Report a problem | ||
| 3/29/2019 | Pending sale | $140,000$60/sqft |
Source: BHGRE Metro Brokers #8529616 Report a problem | ||
| 2/20/2019 | Listed for sale | $140,000-28.2%$60/sqft |
Source: BHGRE Metro Brokers #8529616 Report a problem | ||
| 1/1/2019 | Listing removed | $195,000$83/sqft |
Source: Keller Williams Atl. Classic #8397964 Report a problem | ||
| 11/12/2018 | Price change | $195,000-13.3%$83/sqft |
Source: Keller Williams Atl. Classic #8397964 Report a problem | ||
| 10/8/2018 | Listed for sale | $225,000$96/sqft |
Source: Keller Williams Atl. Classic #8397964 Report a problem | ||
| 10/2/2018 | Pending sale | $225,000$96/sqft |
Source: Keller Williams Atl. Classic #8397964 Report a problem | ||
| 8/22/2018 | Price change | $225,000-10%$96/sqft |
Source: Keller Williams Atl. Classic #8397964 Report a problem | ||
| 6/13/2018 | Listed for sale | $250,000+127.3%$107/sqft |
Source: Keller Williams Atl. Classic #8397964 Report a problem | ||
| 8/11/1998 | Sold | $110,000+17.1%$47/sqft |
Source: Public Record Report a problem | ||
| 4/25/1995 | Sold | $93,900$40/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,555 +175% | $86,840 |
| 2023 | $1,293 -21.2% | $86,840 +114.3% |
| 2022 | $1,640 -1.7% | $40,520 |
| 2021 | $1,669 -0.5% | $40,520 |
| 2020 | $1,678 +203.9% | $40,520 |
| 2019 | $552 | $40,520 +63.4% |
| 2018 | $552 | $24,800 +3.9% |
| 2017 | $552 +2% | $23,880 |
| 2016 | $541 +0.8% | $23,880 |
| 2015 | $536 +1251.7% | $23,880 |
| 2014 | $40 -2.7% | $23,880 |
| 2013 | $41 -2.6% | $23,880 |
| 2012 | $42 | $23,880 -45.3% |
| 2011 | -- | $43,680 |
| 2010 | $862 +99.9% | $43,680 -27.8% |
| 2009 | $431 | $60,520 |
| 2008 | -- | $60,520 |
| 2007 | $1,620 | $60,520 |
| 2005 | -- | $60,520 +3.8% |
| 2004 | $425 -72.2% | $58,280 +3.6% |
| 2003 | $1,526 +289.3% | $56,240 +7.6% |
| 2002 | $392 -62.7% | $52,280 +19.1% |
| 2001 | $1,052 | $43,880 |
Find assessor info on the county website
Neighborhood: Heritage Valley
Nearby schools
GreatSchools rating
- 4/10Fickett Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 3/10Bunche Middle SchoolGrades: 6-8Distance: 1.8 mi
- 2/10Therrell High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: R. N. Fickett
- Middle: Ralph Bunche
- High: D. M. Therrell
Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$264,900
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Estimated market value
$264,900
- Georgia
- Fulton County
- Atlanta
- 30331
- Heritage Valley
- 1812 Glenview Dr SW
Nearby cities
Nearby neighborhoods
Nearby zip codes
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