217 W Simon Terrace, Atlanta

$245,000

8 Beds
2 Baths
2,014 Sqft
.22 Acres
2 Garages

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

Essential Information
MLS® #7341847
Price$245,000
Bedrooms8
Bathrooms2.00
Full Baths2
Square Footage2,014
SqFt SourcePublic Records
Acres0.22
Year Built1960
TypeResidential
Sub-TypeSingle Family Residence
StyleRanch, Traditional
StatusActive
Community Information
Address217 W Simon Terrace
SubdivisionPyramid Assoc Inc Sub
CityAtlanta
CountyFulton - GA
StateGA
Zip Code30318
Amenities
ParkingDriveway, Garage
# of Garages2
ViewOther
WaterfrontNone
PoolNone
Utilities

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

Interior
Interior FeaturesOther
AppliancesGas Range, Refrigerator
HeatingCentral
CoolingCentral Air
FireplacesNone
StoriesOne
Exterior
Exterior FeaturesRain Gutters
Lot DescriptionBack Yard, Front Yard, Level
WindowsNone
RoofComposition, Shingle
ConstructionBrick 4 Sides
School Information
HighFrederick Douglass
Elementary

Bazoline E. Usher/Collier Heights

Middle

John Lewis Invictus Academy/Harper-Archer

Listed By:

Keller Williams Realty Metro Atlanta

Property History
Price Reduced from $260,000 to $245,000
Price Reduced from $274,000 to $260,000
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Listing information last updated on April 29th, 2024 at 2:15am CDT.

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