Status: Sold
4578 Sherrington Ct
Stone Mountain, GA 30083
Sold Price
$280,000
Sold on Oct 31, 2024
This Stone Mountain rental is ideal for the savvy investor. With furnished rooms and 4.5 bathrooms (2 en-suites) this home produces robust rental income compared to anything available on the market, while providing solid workforce housing. It grosses $4600 per month on average with some months averaging consistently above $6000. 0.3 miles to public transit on a major arterial, Redan Rd. Potential for 13% cap rate and 25%+ Cash-on-Cash ROI. FInancials and Proforma available upon request. Powered by PadSplit, this occupied rental is a workforce housing solution 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 by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit 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. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. NOTE: SqFt of home is larger than the tax records state. Financing must be cash, hard money or one of our preferred lenders with PadSplit experience.
Read more
- Bedrooms
- 5
- Baths
- 4.5
- House Size
- 1,750 sqft
- Year Built
- 1970
- Lot Size
- 0.6 ac
Location
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Interior Information
- appliances
- Refrigerator
- basement
- None
- cooling
- Central Air
- features
- Other
- flooring
- Hardwood
- Laminate
- heating
- Central
- laundry features
- Common Area
Exterior Information
- patio and porch
- Porch
- roof
- Other
Property Information
- architectural style
- Traditional
- community
- None
- construction
- Brick
- lot
- Other
- parking
- Off Street
- sewer
- Public Sewer
- subdivision name
- Sherrington
- utilities
- Electricity Available
- Water Available
- water source
- Public
- Listed By Josh Stanton
- josh@stanton.team
- (404) 564-5560
- Keller Williams Realty
- (404) 564-5560
- klrw305@kw.com
- MLS 10373122
Tax History
Date | Property Tax | Land | Additions | Tax Assessment |
|---|---|---|---|---|
| 2024 | $5,373 (+6.5%) | $30,000 | $250,600 | $280,600 (+6%) |
| 2023 | $5,043 (+27.5%) | $30,000 | $234,700 | $264,700 (+29.2%) |
| 2022 | $3,956 (+354.3%) | $18,000 | $186,900 | $204,900 (+24.5%) |
| 2021 | $871 (0%) | $18,000 | $146,600 | $164,600 (+19.4%) |
| 2020 | $871 | $18,000 | $119,900 | $137,900 |
Tax data provied by Attom
