- 8 Beds
- 2 Baths
- 2,014 Sqft
- .22 Acres
217 W Simon Terrace
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® #10256450
- Price$245,000
- Bedrooms8
- Bathrooms2.00
- Full Baths2
- Square Footage2,014
- Acres0.22
- Year Built1960
- TypeResidential
- Sub-TypeSingle Family Residence
- StatusActive
Style
Brick 4 Side, Ranch, Traditional
Community Information
- Address217 W Simon Terrace
- SubdivisionPyramid Assoc Inc Sub
- CityAtlanta
- CountyFulton
- StateGA
- Zip Code30318
Amenities
- ParkingGarage, Off Street
Utilities
Electricity Available, Natural Gas Available, Sewer Available, Water Available
Interior
- Interior FeaturesRoommate Plan
- AppliancesRefrigerator
- HeatingCentral
- CoolingCentral Air
- StoriesOne
Exterior
- Lot DescriptionLevel
- RoofComposition
- ConstructionBrick
School Information
- ElementaryUsher
- MiddleJ. L. Invictus Academy
- HighDouglass
Additional Information
- Days on Market67
Listing Details
- Listing Provided Courtesy Of Keller Williams Realty
Price Change History for 217 W Simon Terrace, Atlanta, GA (MLS® #10256450)
| Date | Details | Change | |
|---|---|---|---|
| Status Changed from Price Change to Active | – | ||
| Status Changed from Active to Price Change | – | ||
| Price Reduced from $260,000 to $245,000 | |||
| Status Changed from Price Change to Active | – | ||
| Status Changed from Active to Price Change | – | ||
| Show More (2) | |||
| Price Reduced from $274,000 to $260,000 | |||
| Status Changed from New to Active | – | ||
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Listing information last updated on April 29th, 2024 at 1:01pm EDT.