• 217 W Simon Terrace Atlanta, GA 30318

  • $245,000
  • 8
    Bed(s)
  • 2
    Baths
  • 2,014
    Sq Ft
  • 0.22
    Acre

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

Property Type :

Residential

Subdivision :

Green Acres

County :

Fulton

Style :

Residential

Sell a home like this and save $14,201 Find Out How

Property Details

 

Bedroom Information

Total Bedrooms : 8

Bedrooms On Upper Level: 0

Bedrooms On Lower Level: 3

Main Bedrooms: 5

Room Type: Other

Window Features: Insulated Windows

Bathroom Information

Total Baths: 2

Full Baths: 2

Half Baths: 0

Full Baths Main: 1

Baths Full Lower: 1

Baths Full Upper: 0

Water/Sewer

Water Source: Public

Water BodyName: None

Sewer: Public Sewer

Interior Features

Roommate Plan

Flooring: Laminate

Appliances

Refrigerator

Utilities

Electricity Available,Natural Gas Available,Sewer Available,Water Available

Cooling Features

Central Air

Heating Source

Central

Fireplace

Number of Fireplaces: 0

Building Information

Built Year: 1960

Roof Type: Composition

Basement: Full

Common Walls: No Common Walls

Levels: One

Property Age: 64

Laundry Features

In Basement

Patio And Porch

Screened

Construction Materials

Brick

Property Condition

Resale

Lot Information

Lot Size (Acr): 0.22

Land Lot: 206

Lot Size Source: Public Records

Lot Features: Level

Property Information

Property Type: Residential

Property Sub Type: Single Family Residence

Structure Type: House

Subdivision: Pyramid Assoc Inc Sub

City: Atlanta

State: GA

Directions: 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.

Property Status: Active

Listing Price Information

Original List Price: $245,000

Tax Information

Annual Tax: $3023

Tax Year: 2023

Tax Block: B

Tax Lot: 12

Home Warranty

Home Warranty Paid: No

Virtual Tour

Parking Information

Parking: 0

Parking Features: Garage,Off Street

Homeowners Association Information

Association: No

Annual Association Fee: 0

Calculated Total Monthly Association Fees: 0

Association Fee Includes: None

Community Features: None

School Information

Elementary School: Usher

High School: Douglass

High School Bus: Yes

Middle School: J. L. Invictus Academy

Middle School Bus: Yes

Source Neighborhood: Pyramid Assoc Inc Sub

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1917 Ford Street, Atlanta, GA,30318 $125,000 -- -- -- 0.14 Acre
1031 Division Street #34, Atlanta, GA,30318 $757,863 3 4 -- --
815 NW Cameron M Alexan.., Atlanta, GA,30318 $87,900 3 1 1,420 0.085 Acre
Barrett Drive #LOT 21, Atlanta, GA,30318 $85,000 -- -- -- 0.263 Acre
0000 Barrett Drive #LOT.., Atlanta, GA,30318 $70,000 -- -- -- 0.143 Acre
1709 Barrett Drive #LOT.., Atlanta, GA,30318 $85,000 -- -- -- 0.191 Acre
000 Barrett Drive #LOT 11, Atlanta, GA,30318 $85,000 -- -- -- 0.217 Acre
2698 Collier Drive, Atlanta, GA,30318 $335,000 4 3 4,500 1.163 Acres
2094 Donald Lee Hollowe.., Atlanta, GA,30318 $350,000 -- -- -- 0.395 Acre
1005 Callahan Street, Atlanta, GA,30318 $75,000 -- -- -- 0.516 Acre
MLS Logo

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Byowner are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2024 Georgia MLS. All rights reserved.

ByOwner last updated this listing 04/29/2024 @ 12:21

MLS: 10256450
LISTED BY: Agent , KWAD01
SOURCE: Georgia MLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

Selling? Save $14,201 when you sell a home like this

Learn More about this Property
Message allows only 500 character

Don't Pay 6% Commistion