1812 Glenview Drive SW
Atlanta, GA 30331
- 8 beds
- 2 baths
- 2,338 sqft
- ~1/2 acre lot
- $115 per sqft
- 1960 build
- – on site
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Turnkey rental, fully leased at $5,500 per month in gross rental income ($67,000+ per year), this seasoned PadSplit coliving home in the City of Atlanta offers a unique combination of cash flow and turnkey management in a sought-after location. At a 14% cap rate with a leveraged ROI of 25%+, this is an unbeatable investment, sold As-Is! This home is in the beautiful Heritage Valley neighborhood, no HOA and close to interstates and major arterials, ensuring superb connectivity. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit not only helps members save money and live closer to work but also provides an avenue for investors to achieve 3x+ cash flow. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated superhost who coordinates cleaning and repairs, this property is ideal for any investor, regardless of their capacity. In a time when cash flow is hard to find, this turnkey rental defies the odds. It doesn't just meet the '1% rule,' it blows it away. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution.
Listing courtesy of GAMLS / Josh Stanton / Keller Williams Realty
Last checked:
Checking…
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Last updated Mar 19, 2024
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MLS# 10244894 —
The Building
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Year Built:1960
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Construction Materials:Brick, Vinyl Siding
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Architectural Style:Brick 4 Side, Ranch
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Structure Type:House
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Roof:Composition
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Levels:Multi/Split
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Common Walls:No Common Walls
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Basement:None
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Foundation Details:Slab
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Total Finished Area:2338
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Above Grade Finished:2338
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Living Area Source:Appraiser
Interior
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Rooms:Laundry
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Interior Features:Roommate Plan
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Kitchen Features:Breakfast Area
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Flooring:Tile, Laminate
Financial & Terms
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Home Warranty:No
Location
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Latitude:33.705967
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Longitude:-84.49937
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Condition:Resale
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Lot Features:City Lot
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Lot:14
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Lot Size Acres:0.452
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Lot Size Source:Public Records
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Parcel Number:14 025000040368
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Leased Land:No
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Land Lot:250
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View:City
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Fencing:Back Yard
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Waterfront Footage:No
Listing Agent
- Contact info:
- Agent phone:
- (404) 564-5560
- Office phone:
- (404) 564-5560
Taxes
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Tax Year:2023
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Tax Annual Amount:$1,659
Beds
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Bedrooms:8
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Bed Main:3
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Upper Level Full Baths:2
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Bed Upper Level:3
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Bed Lower Level:2
Baths
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Full Baths:2
Heating & Cooling
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Heating:Natural Gas, Forced Air
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Cooling:Central Air
Utilities
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Utilities:Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher
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Laundry Features:Laundry Closet
Schools
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Elementary School:Fickett
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Elementary Bus:Yes
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Middle School:Bunche
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Middle School Bus:Yes
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High School:Therrell
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High School Bus:Yes
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District:14
The Community
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Subdivision:Heritage Valley
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Community Features:Walk To Shopping
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Association:No
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Association Fee Includes:None
Parking
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Parking Features:Carport
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
2/19/24
Feb 19, 2024
|
FMLS | $269,000 | ||
2/15/24
Feb 15, 2024
|
FMLS | $269,000 | ||
2/15/24
Feb 15, 2024
|
Pending | GAMLS | $269,000 |