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John English

john@englishgroupre.com +1(404) 395-9301

$ 180,000

Est. payment | -/mo

6 Beds

2 Baths

0.51 Acres Lot

Save

$ 180,000

Est. payment | -/mo

Save

6 Beds

2 Baths

0.51 Acres Lot

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Subdivision Southglen

MLS Listing ID 7717208

Style Traditional

Bedrooms 6

Full Baths 2

Construction Status Fixer

HOA Y/N No

Year Built 1972

Annual Tax Amount $1,843

Tax Year 2025

Lot Size 0.510 Acres

Acres 0.51

Property Sub-Type Single Family Residence

Source First Multiple Listing Service

Property Description

A fixer-upper with multiple exit strategies. Fix and flip - there's real upside here with renovated houses selling for $280K. Buy, Renovate, Rent, Refinance, Repeat (BRRRR) - set this up for co-living and rent it for $5,000/month with over $1,000/month cash flow even after you pull out your equity with a refinance. Perfect for a handy owner-occupant looking to get some sweat equity. It needs work, but the spacious layout is ideal for an owner-occupant or investor. Only a quarter mile from public transportation, which is ideal for a rental. As a PadSplit/Coliving property it's set to perform at a 13% cap rate, and well over 20% cash-on-cash ROI. Reach out and we'll share the PadSplit financials. Please do all due diligence prior to submitting an offer.

Location

State GA

County Clayton

Area Southglen

Lake Name None

Rooms

Bedroom Description Roommate Floor Plan

Other Rooms None

Basement None

Dining Room Open Concept

Kitchen Eat-in Kitchen

Interior

Interior Features Crown Molding, Entrance Foyer

Heating Forced Air, Natural Gas

Cooling Central Air, Electric

Flooring Carpet, Laminate, Tile

Fireplaces Type None

Equipment None

Window Features None

Appliance Gas Range

Laundry Electric Dryer Hookup, Laundry Closet, Lower Level

Exterior

Exterior Feature Garden, Private Entrance, Rain Gutters

Parking Features Driveway, Level Driveway, Kitchen Level

Fence Chain Link, Back Yard

Pool None

Community Features Curbs, Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Park, Street Lights

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront Description None

View Y/N Yes

View Neighborhood

Roof Type Composition,Shingle

Street Surface Asphalt,Paved

Accessibility None

Handicap Access None

Porch Deck, Patio

Total Parking Spaces 2

Private Pool false

Building

Lot Description Cul-De-Sac, Front Yard, Level

Story One and One Half

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One and One Half

Structure Type Frame,Brick,Wood Siding

Construction Status Fixer

Schools

Elementary Schools Kilpatrick

Middle Schools Jonesboro

High Schools Jonesboro

Others

Senior Community no

Restrictions false

Tax ID 13178C F005

Acceptable Financing Cash, 1031 Exchange, Other

Listing Terms Cash, 1031 Exchange, Other

Listed by Keller Williams Realty Metro Atlanta

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(404) 395-9301

john@englishgroupre.com

240 N Highland Ave NE, Atlanta, GA, 30307, USA

745 S Carter DR Jonesboro, GA 30236