2083 MALLARD WAY Active Save Request In-Person Tour Request Virtual Tour
Lithonia,GA 30058
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Leisure Valley
MLS Listing ID 10413774
Style Ranch
Bedrooms 3
Full Baths 2
Year Built 1987
Annual Tax Amount $1,600
Tax Year 2023
Lot Size 8,712 Sqft
Property Description
Looking for cashflow? You found it! This turnkey coliving rental property generates $3,800 per month, and is a 12.0% cap rate when you factor expenses. A seasoned PadSplit, this home is in a great location close to expressways, shopping, and public transportation. This property is sold leased to a PadSplit LLC, and it can be terminated with 30 day notice by the landlord. An experienced Superhost is also available, making this property ideal for any investor, no matter their capacity. This house is set up with 6 rooms, as the dining room, living room, have been converted to bedrooms. PadSplit helps members save money and live closer to work, while providing 2x returns to investors compared to a typical rental. Google "PadSplit hosts" to learn more. Part of a Portfolio.
Location
State GA
County Dekalb
Interior
Heating Central
Cooling Central Air
Flooring Tile,Vinyl
Exterior
Parking Features Garage
Community Features Street Lights
Utilities Available None
Roof Type Concrete,Tile
Building
Story One
Sewer Public Sewer
Schools
Elementary Schools Panola Way
Middle Schools Miller Grove
High Schools Miller Grove
Others
Special Listing Condition Agent Owned