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