Closed by Keller Williams Realty Metro Atlanta

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

Features
: No
: Roommate Floor Plan
: Other
: No
: High Speed Internet
: Common Area
: Smoke Detector(s)
: Daylight, Other
: No
: Rain Gutters
: Front Yard, Back Yard
: Shingle
: No
: Driveway, Garage
2
Address Map
217 W Simon Terrace
Atlanta
GA
30318
Fulton - GA
W85° 31' 28.6''
N33° 45' 39.2''
Take I-85 S and I-20 W to GA-280 N/Hamilton E Holmes Drive NW.Take exit 52B from I-20 W. Turn right onto GA-280 N/Hamilton E Holmes Dr NW and turn left onto Loghaven Dr NW. Turn right onto W Simon Terrace NW and property will be on the right.
Pyramid Assoc Inc Sub
Additional Details
7407051
Keller Williams Realty Metro Atlanta
: Ranch
Frederick Douglass
John Lewis Invictus Academy/harper-archer
Bazoline E. Usher/Collier Heights
$200,000
: Brick 4 Sides, Brick
: One
: No
: No
40
: No
: Cash, Conventional
$219,000
14 020600060668
: Resale
: City Street
: No
$3,023
2023
: Public
: Public Sewer

217 W Simon Terrace

217 W Simon Terrace, Atlanta, Georgia 30318

8 Bedrooms
2 Bathrooms
1,289 Sqft
$200,000
MLS# 7407051
Basic Details
Status : Closed
Asking Price : $200,000
Bedrooms : 8
Bathrooms : 2
Square Footage : 1,289 Sqft
Year Built : 1960
Lot Area : 0.22 Acres
Standard Status : Closed
Close Date : 08/19/2024
Property SubType : Single Family Residence
Ben Hirsh
Hirsh Real Estate - Buckhead.com
Contact Ben