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344 Colchester 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 10313839
Sold Date 08/14/24
Style Brick 4 Side,Traditional
Bedrooms 6
Full Baths 4
HOA Y/N No
Originating Board Georgia MLS 2
Year Built 1961
Annual Tax Amount $4,431
Tax Year 2023
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 21780
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
Rooms
Basement Finished Bath, Daylight, Finished, Interior Entry
Interior
Interior Features Other
Heating Central, Forced Air, Natural Gas
Cooling Central Air
Flooring Laminate
Fireplace No
Appliance Refrigerator
Laundry Common Area
Exterior
Parking Features Off Street
Fence Back Yard, Chain Link
Community Features None
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Y/N No
Roof Type Composition
Garage No
Private Pool No
Building
Lot Description Other
Faces Head south on I-75 S, take exit 259 to merge on to I-285E towards Greenville/Augusta, keep left on I-285E, take exit 41 to GA-10 E/Memorial Dr towards Avondale Estates, turn right onto Rockbridge Rd SW, turn right onto Eddington Way, turn left onto Colchester Dr, destination will be on your left.
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Rockbridge
Middle Schools Stone Mountain
High Schools Stone Mountain
Others
HOA Fee Include None
Tax ID 18 038 04 018
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Resale
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