Sold

217 W Simon Terrace

Atlanta GA, 30318

$200,000


Sold

8 Beds

2 Baths

Residential

Built in 1960

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

10322280

MLS ID

June 19, 2024

Listed

August 23, 2024

Updated

Map

217 W Simon Terrace
Atlanta GA, 30318

Interior Features

Total Stories

1


Bedrooms

8


Total Bathrooms

2


Full Bathrooms

2


Interior Features

Roommate Plan


Appliances

Refrigerator


Laundry Description

Common Area


Floor Description

Other


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Electric


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.22 Acres


Lot Features

Other


Architectual Style

Brick 4 Side, Ranch


Roof

Other


Sewer

Public Sewer

School Information

High School

Douglass


Elementary School

Usher

Other Property Details

Taxes

$3,023


Tax Frequency

Annually


Days on Market

40


Garage

Yes


Parking

Garage


Parking Total

0


View

Yes


View Description

City


County

Fulton


Water Source

Public


Pool

No

Listing History

Date

Event

Price

8/20/2024

Sold

$200,000

7/30/2024

Pending

Bought with with Keller Williams Realty and Listed by Stanton Team with Keller Williams Realty 

Based on information from Georgia MLS as of 8/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

©2024 Georgia MLS. All rights reserved. 

Data last updated 7:50 AM UTC, 8/23/2024

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