Status: Sold
795 Needle Rock Dr
Stone Mountain, GA 30083
Sold Price
$290,000
Sold on Jan 19, 2024
Generating over $5,800 per month in gross rental income ($70,000 per year), this seasoned PadSplit coliving home offers a unique combination of cash flow and turnkey management in a sought-after location. This split level home on a beautiful lot in unincorporated Stone Mountain. It's close to downtown Stone Mountain, interstates and major arterials, ensuring superb connectivity. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit not only helps members save money and live closer to work but also provides an avenue for investors to achieve 3x+ cash flow. 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. Sold with an optional top-rated superhost who coordinates cleaning and repairs, this property is ideal for any investor, regardless of their capacity. In a time when cash flow is hard to find, this turnkey rental defies the odds. It doesn't just meet the '1% rule,' it blows it away. 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.
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- Bedrooms
- 9
- Baths
- 3
- House Size
- 2,025 sqft
- Year Built
- 1969
- Lot Size
- 0.3 ac
Location
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Interior Information
- appliances
- Electric Water Heater
- Dryer
- basement
- Full
- cooling
- Central Air
- features
- High Speed Internet
- flooring
- Hardwood
- Tile
- Laminate
- heating
- Natural Gas
- Forced Air
- laundry features
- In Basement
- view
- City
Exterior Information
- roof
- Composition
Property Information
- architectural style
- Brick 4 Side
- Traditional
- community
- None
- construction
- Brick
- Vinyl Siding
- foundation
- Slab
- lot
- Other
- parking
- Off Street
- security features
- Smoke Detector(s)
- sewer
- Public Sewer
- subdivision name
- Shadowrock Acres
- utilities
- Cable Available
- Electricity Available
- Natural Gas Available
- Phone Available
- Sewer 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 10234918
Tax History
Date | Property Tax | Land | Additions | Tax Assessment |
|---|---|---|---|---|
| 2024 | $4,737 (-0.8%) | $70,000 | $173,400 | $243,400 (-2.1%) |
| 2023 | $4,777 (+37.3%) | $70,000 | $178,700 | $248,700 (+40.5%) |
| 2022 | $3,480 (+32%) | $36,400 | $140,600 | $177,000 (+37.3%) |
| 2021 | $2,636 (0%) | $37,500 | $91,400 | $128,900 (+38.5%) |
| 2020 | $2,636 | $32,000 | $61,100 | $93,100 |
Tax data provied by Attom
