tomo logo

$695,000

Beds
7
Baths
3.5
sq ft
2,886

2483 Memorial Dr SE, Atlanta, GA 30317

2483 Memorial Dr SE

Atlanta, GA 30317

  • <1 day on market
This property offers a rare chance to own a fully occupied, high-end, cash-flowing coliving rental on the PadSplit platform. Launched in February 2024, the property has steadily leased up throughout the year and is now operating at full potential. Spanning nearly 3,000 sq ft, this recently renovated, energy-efficient home features high-quality finishes and thoughtful updates, making it an attractive option for tenants. In December 2024, the property generated over $9,000 in gross income, about $6,500 net after expenses! To learn more about PadSplit and how it maximizes returns for investors, Google PadSplit or contact the listing agent directly. Don't miss this opportunity to own a turnkey investment property with proven results!

Details

Property type

Single Family Residence

Est. home value

$440,257

Lot size

5,663 sq ft

Price per sq ft

$241

Year built

1937

Annual property taxes

$2,884

HOA

No

Price History

01/10/2025
FMLS

FMLS #7507272

Listed
$695,000
+143.86%
11/14/2023
FMLS

FMLS #7207588

Sold
$285,000
-46.93%
11/04/2021
FMLS

FMLS #6935996

Sold
$537,000
+132.47%

Schools & Community

Neighborhood: 

East Lake

Elementary school: 

Fred A. Toomer

Middle school: 

Martin L. King Jr.

High school: 

Maynard Jackson

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

Kiavi Funding

Loan start date

November 2023

Original loan amount

$255,900

Est. remaining balance

$0

Interest rate

7.31%

Loan type

New Conventional, 1 year

Seller

Hjg Llc

Lender

Kiavi Funding

Loan start date

November 2023

Original loan amount

$255,900

Est. remaining balance

$0

Interest rate

7.31%

Loan type

New Conventional, 1 year

Seller

Hjg 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?

Status: Active

Tomo last checked: 01/10/2025 at 3:05 PM

Listing updated: 01/10/2025 at 12:10 PM

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

MLS: FMLS #7507272

FMLS logo

Recently listed in Atlanta