tomo logo

$339,900

Beds
8
Baths
3.0
sq ft
1,856

4422 Wellington Ter, Decatur, GA 30035

4422 Wellington Ter

Decatur, GA 30035

  • <1 day on market
Calling all real estate investors looking for a strong return on investment! 4422 Wellington Terrace in Decatur, presents a great opportunity to acquire a property with a 10.15% cap rate. This 8-bedroom, 3-bathroom property is a turnkey, operating PadSplit with a strong track record of high occupancy. PadSplit is a housing solution platform that helps members find accessible housing throughout the nation. The property is leased directly to PadSplit PadSplit sources and screens members for property owners making this an easy lift for both first-time and seasoned investors alike. Google PadSplit to learn more about the platform and becoming a PadSplit host. 4422 Wellington Terrace is an excellent location for occupants who desire retail, shops and restaurants in close proximity. Kroger, McDonald's, Home Depot, Planet Fitness are all just a stone's throw away! Easy access to I-20 means you can zip into Downtown Atlanta in 25 minutes or less. Make this cash-flowing winner a part of your real estate portfolio today!

Details

Property type

Single Family Residence

Est. home value

$291,931

Lot size

0.28 acres

Price per sq ft

$184

Year built

1987

Annual property taxes

$5,006

HOA

No

Price History

02/21/2025
FMLS

FMLS #7528634

Listed
$339,900
+33.29%
04/27/2023
FMLS

FMLS #7174976

Sold
$255,000

Schools & Community

Elementary school: 

Canby Lane

Middle school: 

Mary McLeod Bethune

High school: 

Towers

Community features: 

Park, Street Lights

Negotiation Insights

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

Seller could get up to

$125,147
Asking price
$339,900
Closing costs (~8% of asking)
-$27,192
Est. remaining loan balance
-$187,561
Cash to seller
$125,147

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Ark La Tex Financial Services

Loan start date

June 2023

Original loan amount

$191,250

Est. remaining balance

$187,561

Interest rate

6.43%

Loan type

New Conventional, 30 year

Seller

Aditya Bansal

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: 02/22/2025 at 5:10 AM

Listing updated: 02/22/2025 at 12:30 AM

Listed by: Allison Haywood, Bolst, Inc. Phone #: (404) 482-2293

MLS: FMLS #7528634

FMLS logo

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