tomo logo

$274,000

Beds
9
Baths
3.5
sq ft
2,053

1132 Helmer Rd, Riverdale, GA 30296

1132 Helmer Rd

Riverdale, GA 30296

  • 47 days on market
    • Price drop $5,000↓
BEHOLD this unique opportunity to acquire a strong cash-flowing rental in a challenging market. 14% CAP Occupied PadSplit grossing over $5700+ per month gross income per month. Close to public transit, major roads and the busiest airport in the world which ensure superb connectivity and access to job centers. 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. * Virtual tour taken prior to occupancy.

Details

Property type

Single Family Residence

Est. home value

$287,209

Lot size

0.67 acres

Price per sq ft

$134

Year built

1984

Annual property taxes

$3,542

Price History

07/29/2024
FMLS

FMLS #7419782

Price change
$274,000
-1.79%
07/12/2024
FMLS

FMLS #7419782

Listed
$279,000
+24%
10/22/2021
FMLS

FMLS #6927297

Sold
$225,000

Schools & Community

Elementary school: 

Pointe South

Middle school: 

Kendrick

High school: 

Riverdale

Community features: 

None

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Vontive

Loan start date

October 2022

Original loan amount

$1,713,170

Est. remaining balance

Not provided

Interest rate

5.13%

Loan type

Commercial, 30 year

Seller

Co Living Capital Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 08/27/2024 at 9:40 PM

Listing updated: 08/05/2024 at 4:15 PM

Listed by: Josh Stanton, Keller Williams Realty Metro Atlanta Phone #: (404) 564-5560

MLS: FMLS #7419782

FMLS logo

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