About 217 W Simon Terrace
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 of 217 W Simon Terrace
MLS® # | 10256450 |
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Price | $235,000 |
Bedrooms | 8 |
Bathrooms | 2.00 |
Full Baths | 2 |
Square Footage | 2,014 |
Acres | 0.22 |
Year Built | 1960 |
Type | Residential |
Sub-Type | Single Family Residence |
Style | Brick 4 Side, Ranch, Traditional |
Status | Price Change |
Community Information
Address | 217 W Simon Terrace |
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Subdivision | Pyramid Assoc Inc Sub |
City | Atlanta |
County | Fulton |
State | GA |
Zip Code | 30318 |
Amenities
Utilities | Electricity Available, Natural Gas Available, Sewer Available, Water Available |
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Parking | Garage, Off Street |
Is Waterfront | No |
Has Pool | No |
Interior
Interior Features | Roommate Plan |
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Appliances | Refrigerator |
Heating | Central |
Cooling | Central Air |
Fireplace | No |
Stories | One |
Exterior
Lot Description | Level |
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Roof | Composition |
Construction | Brick |
School Information
Elementary | Usher |
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Middle | J. L. Invictus Academy |
High | Douglass |
Additional Information
Days on Market | 71 |
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Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | Keller Williams Realty |
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