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344 Colchester DR Stone Mountain, GA 30088
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Key Details
Sold Price $310,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,692 sqft
Price per Sqft $115
Subdivision Eddington
MLS Listing ID 7399532
Sold Date 08/14/24
Style Traditional
Bedrooms 6
Full Baths 4
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1961
Annual Tax Amount $4,431
Tax Year 2023
Lot Size 0.500 Acres
Acres 0.5
Property Description
Rare, 12% CAP Occupied rental grossing over $6,200+ per month gross income per month (AFTER vacancies). 0.2mi to public transit, and around the corner from downtown Stone Mountain and Pine Lake. Mind boggling cash flow will give you a cash-on-cash return of 20%+! This turnkey rental is managed by a company focused on workforce housing that not only helps members save money and live closer to work but provides a great investment for its owner. All members are professionally screened, required to pass a criminal background check and undergo income verification. Management Company 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. Contact us today for preferred lenders if you need financing.
Location
State GA
County Dekalb
Lake Name None
Rooms
Bedroom Description Other
Other Rooms None
Basement Daylight, Finished, Finished Bath, Interior Entry
Main Level Bedrooms 3
Dining Room None
Interior
Interior Features Other
Heating Central, Forced Air, Natural Gas
Cooling Central Air
Flooring Laminate
Fireplaces Type None
Window Features None
Appliance Gas Range, Range Hood, Refrigerator
Laundry Common Area
Exterior
Exterior Feature Rain Gutters
Garage Driveway
Fence Back Yard, Chain Link
Pool None
Community Features None
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description None
View Other
Roof Type Composition,Shingle
Street Surface Asphalt
Accessibility None
Handicap Access None
Porch Front Porch, Patio
Parking Type Driveway
Private Pool false
Building
Lot Description Back Yard, Front Yard
Story Two
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
Structure Type Brick,Brick 4 Sides,Other
New Construction No
Construction Status Resale
Schools
Elementary Schools Rockbridge - Dekalb
Middle Schools Stone Mountain
High Schools Stone Mountain
Others
Senior Community no
Restrictions false
Tax ID 18 038 04 018
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing no
Special Listing Condition None
Read Less
Bought with Keller Williams Realty Metro Atlanta
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