$450,000
For Sale

482 Maynard Terrace SE

Atlanta, GA 30316
1887 sqft | 8 beds | 2 baths | 0.31 acres | #10478909
Browse 4 photos
Type:Purchase
Structure:House
Zone:Residential

Description

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.

  • Property Details
      • Utility FeaturesElectricity Available, Natural Gas Available, Sewer Available, Water Available
      • Basement DescriptionDaylight, Exterior Entry, Unfinished
      • StyleBungalow/Cottage
      • Elementary SchoolBurgess-Peterson
      • SubdivisionGlenwood Acres
      • Short SaleInvestor Owned
      • High SchoolMH Jackson Jr
      • Sewer InformationPublic Sewer
      • Property TypePurchase
      • MLS #10478909
      • MLS #10478909
      • Utility SourcePublic
      • CountyDeKalb
      • Taxes Annual$1,215
      • Cost450000
      • InteriorOther
      • Lot DescriptionOther
      • FoundationBlock
      • Property SubtypeHouse
      • Structure TypeHouse
      • Acres0.31
      • Square Feet1887
      • Year Built1948
      • Middle SchoolKing
      • Bedrooms8
      • Bathrooms2
      • Full Baths2
      • Bedrooms on Main Level8
      • Parking Spaces2
      • Basement1
      • Basement Finished1
      • Master on Main1

Location

Teddy RealtyTEST GROUP FOR TEDDY
OR

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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