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3927 Wabash Lane

Ellenwood, GA 30294
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Bed 8

Bed

Bath 2

Bath

Acres0.38

Acre(Lot)

Options abound for this contemporary, furnished coliving rental. Currently generating over $3,200 per month in rent, you can reposition the property and bring rents up to market for robust returns north of a 12% cap rate. Or, with after repair values north of $300,000, this home could be a great BRRRR or flip. Already operating as a rental and in need of only minor TLC, there are many value-add plays here. Inside, soaring vaulted ceilings greet you, alongside an updated kitchen with granite countertops and white cabinets, updated bathrooms, LVP flooring throughout, and a dedicated laundry room. Outside, a long, wide driveway offers abundant off-street parking, and the large, level backyard is framed by mature trees for privacy. More than $38,500 in rent over the past year means you collect income from day one while you execute your plan. After some modest improvements, pro forma income as a furnished coliving rental runs over 24%+ cash-on-cash ROI even after management fees, north of 30% if you do self-managed co-living. Whether you plan to keep it or reposition it, you have options. Sold as-is. Pro forma and full financials available upon request.

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Detail Ic Property Details

Property Type : Residential

Price : $210,000

AD Id : 87882854

MLS Id : 7802374

Beds : 8

Lot Size : 0.38 Acre

Year Built : 1985

County : Dekalb

Subdivision: River Run

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Basement: None
  • Flooring Information

    Laminate
  • Roofing Information

    Composition, Shingle
  • Interior Features

    High Speed Internet, Other Roof: Composition, Shingle Appliances: Dishwasher, Microwave, Refrigerator Laundry Features: Laundry Room
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1985 Building Area Total: 1782 Construction Materials: Cedar Patio And Porch Features: None Pool Features: None Private Pool: No View: Neighborhood, Trees/Woods
  • Exterior Features

    Exterior Features: Other

  • Lot Information

    Lot Dimensions: 160 x 100 Lot Size Acres: 0.38 Lot Size Source: Public Records Lot Description: Back Yard, Landscaped, Wooded

    Property Information

    Subdivision: River Run Source Property Type: Residential Postal Code Plus 4: 1306 Property SubType: Single Family Residence Levels: One Property Age: 41

  • Listing Price Information

    Listing Price: $210000

  • Tax Information

    Parcel Number: 15 027 01 041 Tax Year: 2025 Annual Tax: $4252 Tax Legal Desc: See legal description

  • Parking Information

    Parking Total: 2 Driveway

  • School Information

    Elementary School: Oak View - DeKalb
    Junior High School: Cedar Grove
    Senior High School: Cedar Grove
  • Utility Information

    Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Location Information

    Direction: Please use GPS for most accurate driving directions WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2643 Colville Terrace, Ellenwood, GA, 30294 $341,990 3 3 1,677 1,677 SqFt
2639 Colville Terrace, Ellenwood, GA, 30294 $372,990 3 3 1,864 1,864 SqFt
Grant Road, Ellenwood, GA, 30294 $45,000 -- -- --
2643 Colville Terrace, Ellenwood, GA, 30294 $341,990 3 2 1,677 1,677 SqFt
2639 Colville Terrace, Ellenwood, GA, 30294 $372,990 3 2 1,864 1,864 SqFt
105 Southview Drive, Ellenwood, GA, 30294 $549,900 4 4 2,800 2,800 SqFt
5931 Brassie Ridge Lane, Ellenwood, GA, 30294 $310,000 3 2 --
5931 Brassie Ridge Lane, Ellenwood, GA, 30294 $310,000 3 3 --
4360 Riverstone Shoals, Ellenwood, GA, 30294 $995,000 5 3 4,205 4,205 SqFt
4453 Postwood Lane, Ellenwood, GA, 30294 $675,000 5 4 --

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ByOwner last updated this listing 07/21/2026 @ 11:25

MLS: 7802374 LISTED BY: Josh Stanton, Keller Williams Realty Metro Atlanta 404-564-5560 SOURCE: First Multiple Listing Service (FMLS)

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