Forest Park, GA 30297,1152 S Parkwood DR
Forest Park, GA 30297,1152 S Parkwood DR
Forest Park, GA 30297,1152 S Parkwood DR
13
Listed by Josh Stanton • Keller Williams Realty
Bought with John Eder • Atlanta Communities
$195,000
$199,000
2.0%
Est.Price: ?

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7 BD
2 BA
10,497 Sqft Lot

1152 S Parkwood DR Forest Park, GA 30297

Est. payment /mo
SOLD DATE : 08/23/2024

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Key Details

Sold Price $195,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Subdivision Woodland Park

MLS Listing ID 10317649

Sold Date 08/23/24

Style Brick 4 Side,Ranch

Bedrooms 7

Full Baths 2

Construction Status Resale

HOA Y/N No

Year Built 1957

Annual Tax Amount $2,387

Tax Year 2023

Lot Size 10,497 Sqft

Property Description

Eureka! You've found the ultimate cash-flowing rental. This 4-sided brick PadSplit coliving home generates over $4,600 per month in gross rental income ($56,000+ per year). This investment offers a unique combination of cash flow and turnkey management. After expenses the CAP rate is over 12% and 20% cash-on-cash ROI. Featuring granite countertops and upgraded bathrooms, this fully occupied rental is conveniently located minutes from major employers, including Hartsfield-Jackson International Airport. Its proximity to public transit and I-75 / I-285 ensures superb connectivity for its occupants. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit is a workforce housing solution that not only helps members save money and live closer to work but also provides an avenue for investors to achieve 2-3x+ cash flow of typical rental properties. 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 before calling. Part of a portfolio, contact the listing agent if you are interested in purchasing multiple properties with a similar setup and ROI.

Location

State GA

County Clayton

Rooms

Basement Crawl Space

Main Level Bedrooms 7

Interior

Interior Features Pulldown Attic Stairs, Roommate Plan

Heating Central

Cooling Central Air

Flooring Hardwood, Laminate

Exterior

Parking Features Off Street

Community Features None

Utilities Available Electricity Available, Water Available

Roof Type Composition

Building

Story One

Foundation Block

Sewer Public Sewer

Level or Stories One

Construction Status Resale

Schools

Elementary Schools Edmonds

Middle Schools Forest Park

High Schools Forest Park

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

Special Listing Condition As Is, Investor Owned

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Georgia MLS (GAMLS)

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Michael Stansky

Agent | License ID: 403637

+1(706) 309-0448

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