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
Zillow last checked:
Listing updated:
Bought with:
Jeffrey Stewart, 351821
LOCAL Realty
Source: GAMLS,MLS#: 10244894
Price history
| Date | Event | Price |
|---|---|---|
| 3/19/2024 | Sold | $270,000+0.4%$115/sqft |
Source:  GAMLS #10244894 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 | ||
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Estimated market value
$257,200
