217 W Simon Terrace, Atlanta, GA

$235,000

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8

Beds

2

Baths

2,014

Square feet

0.22

Acres

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
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
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
Parking Garage, Off Street
Is Waterfront No
Has Pool No

Interior

Interior Features Roommate Plan
Appliances Refrigerator
Heating Central
Cooling Central Air
Fireplace No
Stories One

Exterior

Lot Description Level
Roof Composition
Construction Brick

School Information

Elementary Usher
Middle J. L. Invictus Academy
High Douglass

Additional Information

Days on Market 71
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Realty

Listing Map

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