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217 Simon Terrace, Atlanta, GA 30318

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For Sale

$245,000

8 beds • 2 baths • 2,014 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $121.65
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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
MLS# 7341847

Courtesy Of Keller Williams Realty Metro Atlanta

(404) 564-5560

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Basement
  • Appliances
    Range - Gas, Refrigerator
  • Architecture Style
    New Traditional
  • Cooling System
    Central A/C
  • Fireplace
    Fireplace
  • Floor Covering
    Laminate
  • Heating System
    Central Furnace, Fireplace
  • Lot Size
    0.22 Acres
  • Roof Type
    Composition Shingle
  • Rooms
    Basement, Bedroom, Full Bath

Map and Directions

Directions to 217 Simon Terrace, Atlanta, GA 30318

Home seller CENTURY 21 InTown

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CENTURY 21 InTown

(404) 355-2833
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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