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217 W Simon TER Atlanta, GA 30318
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Key Details
Sold Price $200,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,289 sqft
Price per Sqft $155
Subdivision Pyramid Assoc Inc Sub
MLS Listing ID 7407051
Sold Date 08/19/24
Style Ranch
Bedrooms 8
Full Baths 2
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1960
Annual Tax Amount $3,023
Tax Year 2023
Lot Size 9,583 Sqft
Acres 0.22
Property Description
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
Location
State GA
County Fulton
Lake Name None
Rooms
Bedroom Description Roommate Floor Plan
Other Rooms None
Basement Daylight, Other
Main Level Bedrooms 5
Dining Room None
Interior
Interior Features High Speed Internet
Heating Forced Air
Cooling Central Air, Electric
Flooring Other
Fireplaces Type None
Window Features None
Appliance Refrigerator, Other
Laundry Common Area
Exterior
Exterior Feature Rain Gutters
Garage Driveway, Garage
Garage Spaces 2.0
Fence None
Pool None
Community Features Near Shopping, Restaurant
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View City
Roof Type Shingle
Street Surface Asphalt
Accessibility None
Handicap Access None
Porch Screened, Side Porch
Private Pool false
Building
Lot Description Back Yard, Front Yard
Story One
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One
Structure Type Brick,Brick 4 Sides
New Construction No
Construction Status Resale
Schools
Elementary Schools Bazoline E. Usher/Collier Heights
Middle Schools John Lewis Invictus Academy/Harper-Archer
High Schools Frederick Douglass
Others
Senior Community no
Restrictions false
Tax ID 14 020600060668
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing no
Special Listing Condition None
Read Less
Bought with Keller Williams Realty Metro Atlanta
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