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.
Closed
$310,000
344 Colchester Dr, Stone Mountain, GA 30088
6beds
2,692sqft
Single Family Residence, Residential
Built in 1961
0.5 Acres Lot
$301,300 Zestimate®
$115/sqft
$2,244 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: August 19, 2024 at 10:51pm
Listing Provided by:
Josh Stanton,
Keller Williams Realty Metro Atlanta 404-564-5560
Bought with:
Allison Haywood, 396541
Keller Williams Realty Metro Atlanta
Source: FMLS GA,MLS#: 7399532
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 3
- Main level bedrooms: 3
Primary bedroom
- Features: Other
- Level: Other
Bedroom
- Features: Other
Primary bathroom
- Features: Other
Dining room
- Features: None
Kitchen
- Features: Cabinets White, Other Surface Counters
Heating
- Central, Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Gas Range, Range Hood, Refrigerator
- Laundry: Common Area
Features
- Other
- Flooring: Laminate
- Windows: None
- Basement: Daylight,Finished,Finished Bath,Interior Entry
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,692
- Total interior livable area: 2,692 sqft
- Finished area above ground: 2,692
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Front Porch, Patio
- Exterior features: Rain Gutters, No Dock
- Pool features: None
- Spa features: None
- Fencing: Back Yard,Chain Link
- Has view: Yes
- View description: Other
- Waterfront features: None
- Body of water: None
Lot
- Size: 0.50 Acres
- Dimensions: 108x199x108x199
- Features: Back Yard, Front Yard
Details
- Additional structures: None
- Parcel number: 18 038 04 018
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Brick, Brick 4 Sides, Other
- Foundation: Block
- Roof: Composition,Shingle
Condition
- Resale
- New construction: No
- Year built: 1961
Utilities & green energy
- Electric: 110 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & neighborhood
Security
- Security features: None
Community
- Community features: None
Location
- Region: Stone Mountain
- Subdivision: Eddington
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Body type: Other
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Road surface type: Asphalt
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Estimated market value
$301,300