Forest Park, GA 30297,1152 S Parkwood DR
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Forest Park, GA 30297,1152 S Parkwood DR
Forest Park, GA 30297,1152 S Parkwood DR
Forest Park, GA 30297,1152 S Parkwood DR
Forest Park, GA 30297,1152 S Parkwood DR

$195,000

Est. payment /mo

$199,000

2.0%
Est.Price: ?

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1152 S Parkwood DR Forest Park, GA 30297

7 Beds

2 Baths

1,946 SqFt

SOLD DATE : 08/23/2024

Key Details

Sold Price $195,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 1,946 sqft

Price per Sqft $100

Subdivision Woodland Park

MLS Listing ID 7402999

Sold Date 08/23/24

Style Ranch

Bedrooms 7

Full Baths 2

Construction Status Resale

HOA Y/N No

Originating Board First Multiple Listing Service

Year Built 1957

Annual Tax Amount $2,387

Tax Year 2023

Lot Size 10,497 Sqft

Acres 0.241

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

Lake Name None

Rooms

Bedroom Description Roommate Floor Plan

Other Rooms None

Basement Crawl Space

Main Level Bedrooms 7

Dining Room None

Interior

Interior Features Disappearing Attic Stairs

Heating Central

Cooling Central Air

Flooring Hardwood, Laminate

Fireplaces Type None

Window Features None

Appliance Dryer, Electric Range, Microwave, Refrigerator

Laundry In Hall

Exterior

Exterior Feature Rain Gutters

Garage Driveway

Fence None

Pool None

Community Features None

Utilities Available Electricity Available, Water Available

Waterfront Description None

View Other

Roof Type Composition,Shingle

Street Surface Concrete

Accessibility None

Handicap Access None

Porch None

Private Pool false

Building

Lot Description Back Yard, Front Yard, Level

Story One

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Ranch

Level or Stories One

Structure Type Brick,Brick 4 Sides

New Construction No

Construction Status Resale

Schools

Elementary Schools Edmonds

Middle Schools Forest Park

High Schools Forest Park

Others

Senior Community no

Restrictions false

Tax ID 13048B C010

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing no

Special Listing Condition None

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First Multiple Listing Service(FMLS)
Listed by Keller Williams Realty Metro Atlanta
Bought with Atlanta Communities

Steven Singleton

Broker | License ID: 385395

+1(470) 204-0911

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