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2083 MALLARD Lithonia, GA 30058
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Key Details
Sold Price $168,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Subdivision Leisure Valley
MLS Listing ID 10413774
Sold Date 01/09/25
Style Ranch
Bedrooms 3
Full Baths 2
HOA Y/N Yes
Originating Board Georgia MLS 2
Year Built 1987
Annual Tax Amount $1,600
Tax Year 2023
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 8712
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
Rooms
Basement None
Interior
Interior Features Master On Main Level
Heating Central
Cooling Central Air
Flooring Tile, Vinyl
Fireplace No
Appliance Dryer, Gas Water Heater, Oven/Range (Combo), Refrigerator
Laundry In Kitchen
Exterior
Parking Features Garage
Community Features Street Lights
Utilities Available None
View Y/N No
Roof Type Concrete,Tile
Garage Yes
Private Pool No
Building
Lot Description Level
Faces Take exit 71 toward Panola Rd. Go for 0.3 mi. Turn left onto Panola Rd. Go for 1.7 mi. Turn right onto Mallard Trl. Go for 0.6 mi. Turn right onto Mallard Way. Go for 272 ft.
Sewer Public Sewer
Water Public
Structure Type Wood Siding
New Construction No
Schools
Elementary Schools Panola Way
Middle Schools Miller Grove
High Schools Miller Grove
Others
HOA Fee Include Maintenance Grounds
Tax ID 16 059 01 256
Special Listing Condition Resale
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