Listing courtesy of Keller Williams Realty
Seize this rare chance to acquire a high-potential coliving investment property in one of Atlanta's most dynamic rental markets! 482 Maynard Terrace SE is a single-story, 8-bedroom, 2-bathroom home with a large unfinished basement offering very healthy cash flow with massive additional potential if the basement were finished out. Currently tenant-occupied but underperforming, this property has the bones to become a premium co-living space catering to renters seeking affordability without sacrificing lifestyle. At peak performance, projections show gross rents exceeding $8,000 per month with net income potential over $4,000 per month and that's before expanding into the basement to add additional rooms. With some strategic updates and repairs, this property could become one of the highest-grossing rentals in the area, drawing in residents who value both affordability and proximity to EAV's buzzing social scene.
Seize this rare chance to acquire a high-potential coliving investment property in one of Atlanta's most dynamic rental markets! 482 Maynard Terrace SE is a single-story, 8-bedroom, 2-bathroom home with a large unfinished basement offering very healthy cash flow with massive additional potential if the basement were finished out. Currently tenant-occupied but underperforming, this property has the bones to become a premium co-living space catering to renters seeking affordability without sacrificing lifestyle. At peak performance, projections show gross rents exceeding $8,000 per month with net income potential over $4,000 per month and that's before expanding into the basement to add additional rooms. With some strategic updates and repairs, this property could become one of the highest-grossing rentals in the area, drawing in residents who value both affordability and proximity to EAV's buzzing social scene.
Residential
Single Family Residence
1948
1
--
0.31
Active
28
1,887 Sq. Ft.
13,503 Sq. Ft.
Location
Josh Stanton
Keller Williams Realty
DeKalb
10478909
Close Of Escrow
Average List Price
$514,892
5%
Average Sale Price
$506,506
5%
Days on Market
58
11%
Homes Sold
97
11%
Median List Price
$475,000
6%
Median Sale Price
$479,382
1%
Sale/Price Ratio
98%
2%
Homes for Sale
155
47%
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