Soaring vaulted ceilingsDedicated laundry roomUpdated bathroomsLvp flooring throughout
Options abound for this contemporary, furnished coliving rental. Currently generating over $3,200 per month in rent, you can reposition the property and bring rents up to market for robust returns north of a 12% cap rate. Or, with after repair values north of $300,000, this home could be a great BRRRR or flip. Already operating as a rental and in need of only minor TLC, there are many value-add plays here. Inside, soaring vaulted ceilings greet you, alongside an updated kitchen with granite countertops and white cabinets, updated bathrooms, LVP flooring throughout, and a dedicated laundry room. Outside, a long, wide driveway offers abundant off-street parking, and the large, level backyard is framed by mature trees for privacy. More than $38,500 in rent over the past year means you collect income from day one while you execute your plan. After some modest improvements, pro forma income as a furnished coliving rental runs over 24%+ cash-on-cash ROI even after management fees, north of 30% if you do self-managed co-living. Whether you plan to keep it or reposition it, you have options. Sold as-is. Pro forma and full financials available upon request.
8 days
|
779
|
60
|
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Josh Stanton,
Keller Williams Realty Metro Atlanta404-564-5560
Source: FMLS GA,MLS#: 7802374
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 2
Main level bedrooms: 8
Rooms
Room types: Other
Primary bedroom
Features: Roommate Floor Plan
Level: Roommate Floor Plan
Bedroom
Features: Roommate Floor Plan
Primary bathroom
Features: None
Dining room
Features: Other
Kitchen
Features: Cabinets White, Stone Counters
Heating
Central
Cooling
Central Air
Appliances
Included: Dishwasher, Microwave, Refrigerator
Laundry: Laundry Room
Features
High Speed Internet, Other
Flooring: Laminate
Windows: None
Basement: None
Number of fireplaces: 1
Fireplace features: Other Room
Common walls with other units/homes: No Common Walls
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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