Are you looking for cash-flow? Stop what you are doing, because you’ve found what you’ve been seeking. Averaging over $5,600 in gross rents per month, this high-performance 12% cap turnkey rental generates over $67,000 per year. It blows away the "1% rule." This seasoned PadSplit coliving home occupies a prime location with ample parking and good proximity to public transit. This home is sold with a master lease to a corporate tenant with over 12 years of experience owning and operating assets like this. An experienced third-party property manager is also available, making this property ideal for any investor, no matter their capacity.
Closed
$320,000
2666 Jamestown Way, Decatur, GA 30034
5beds
1,994sqft
Single Family Residence, Residential
Built in 1963
0.3 Acres Lot
$257,100 Zestimate®
$160/sqft
$2,431 Estimated rent
Home value
$257,100
$224,000 - $288,000
$2,431/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 30, 2023 at 11:02pm
Listing Provided by:
Josh Stanton,
Keller Williams Realty Metro Atlanta 404-564-5560
Bought with:
Josh Stanton, 379772
Keller Williams Realty Metro Atlanta
Source: FMLS GA,MLS#: 7158478
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Features: Other
- Level: Other
Bedroom
- Features: Other
Primary bathroom
- Features: Other
Dining room
- Features: Other
Kitchen
- Features: Cabinets White, Eat-in Kitchen, Solid Surface Counters
Heating
- Central, Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Range, Refrigerator
- Laundry: Lower Level
Features
- Entrance Foyer, High Speed Internet, Other
- Flooring: Ceramic Tile, Hardwood, Laminate
- Windows: None
- Basement: Daylight,Exterior Entry,Finished,Interior Entry
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,994
- Total interior livable area: 1,994 sqft
- Finished area above ground: 1,240
- Finished area below ground: 754
Property
Parking
- Total spaces: 1
- Parking features: Attached, Carport, Covered, Driveway, Kitchen Level, Level Driveway
- Carport spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
- Patio & porch: Patio
- Exterior features: Garden, Private Yard, No Dock
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Other
- Waterfront features: None
- Body of water: None
Lot
- Size: 0.30 Acres
- Dimensions: 128 x 106
- Features: Back Yard, Front Yard, Level
Details
- Additional structures: None
- Parcel number: 15 119 09 006
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Brick 4 Sides
- Foundation: Block, Brick/Mortar
- Roof: Composition,Shingle
Condition
- Resale
- New construction: No
- Year built: 1963
Utilities & green energy
- Electric: Other
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Near Public Transport, Near Schools, Near Shopping, Park
Location
- Region: Decatur
- Subdivision: Flat Shoals
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 2/16/2023 | Pending sale | $319,000-0.3%$160/sqft |
Source:  GAMLS #10119500 | ||
| 2/14/2023 | Sold | $320,000+0.3%$160/sqft |
Source:  FMLS GA #7158478 | ||
| 1/17/2023 | Contingent | $319,000$160/sqft |
Source: FMLS GA #7158505 | ||
| 1/3/2023 | Listed for sale | $319,000+117%$160/sqft |
Source: GAMLS #10119500 | ||
| 1/25/2019 | Sold | $147,000-9.8%$74/sqft |
Source:  FMLS GA #6112473 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,542 +61.8% | $116,000 +68.6% |
| 2023 | $3,426 -25.1% | $68,820 |
| 2022 | $4,572 +55.3% | $68,820 +17% |
Find assessor info on the county website
Neighborhood: Panthersville
Nearby schools
GreatSchools rating
- 4/10Flat Shoals Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 5/10McNair Middle SchoolGrades: 6-8Distance: 1 mi
- 3/10Mcnair High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Flat Shoals - Dekalb
- Middle: McNair - Dekalb
- High: McNair
Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$257,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$257,100