Introducing an unparalleled turnkey rental opportunity for investors. Experience the perfect blend of location, turnkey management, and income with this high-performance income property on the sought-after PadSplit Coliving platform. This 4-sided brick home, perched high above the street with ample parking, is strategically situated in a prime ITP location in Decatur. It's close (but not too close) to interstates and major arterials, ensuring superb connectivity. Generating over $4,500 per month in gross rental income ($50,000+ per year), this seasoned PadSplit coliving home offers a unique combination of cash flow and potential appreciation in a sought-after location. 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 2x-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 before calling. NOTE: The virtual 3D tour was taken immediately after renovation, listing photos are current.
Closed
$285,000
3210 Thrasher Cir, Decatur, GA 30032
7beds
1,954sqft
Single Family Residence, Residential
Built in 1959
0.3 Acres Lot
$238,600 Zestimate®
$146/sqft
$1,138 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 13, 2023 at 11:59am
Listing Provided by:
Josh Stanton,
Keller Williams Realty Metro Atlanta 404-564-5560
Bought with:
Josh Stanton, 379772
Keller Williams Realty Metro Atlanta
Source: FMLS GA,MLS#: 7258759
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Features: Roommate Floor Plan, Split Bedroom Plan
- Level: Roommate Floor Plan, Split Bedroom Plan
Bedroom
- Features: Roommate Floor Plan, Split Bedroom Plan
Primary bathroom
- Features: None
Dining room
- Features: Other
Kitchen
- Features: Breakfast Bar, Cabinets White, Eat-in Kitchen, Laminate Counters
Heating
- Central, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Electric Cooktop, Electric Oven, Gas Water Heater, Refrigerator, Washer
- Laundry: Common Area, Laundry Room, Lower Level
Features
- Entrance Foyer, Other
- Flooring: Hardwood, Laminate
- Windows: Double Pane Windows
- Basement: None
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,954
- Total interior livable area: 1,954 sqft
- Finished area above ground: 0
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Carport, Driveway
- Carport spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
- Patio & porch: Patio
- Exterior features: None, No Dock
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Other
- Waterfront features: None
- Body of water: None
Lot
- Size: 0.30 Acres
- Features: Back Yard, Front Yard, Level
Details
- Additional structures: None
- Parcel number: 15 135 05 011
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Brick 4 Sides
- Foundation: Block
- Roof: Composition,Shingle
Condition
- Resale
- New construction: No
- Year built: 1959
Utilities & green energy
- Electric: 110 Volts, 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
- Water conservation: Low-Flow Fixtures
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: None
Location
- Region: Decatur
- Subdivision: Toney Gardens
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Body type: Other
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Road surface type: Asphalt
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Estimated market value
$238,600