tomo logo

$450,000

Beds
8
Baths
2.0
sq ft
1,887

482 Maynard Ter SE, Atlanta, GA 30316

482 Maynard Ter SE

Atlanta, GA 30316

  • 18 days on market
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.

Details

Property type

Single Family Residence

Est. home value

$307,803

Lot size

0.31 acres

Price per sq ft

$239

Year built

1948

Annual property taxes

$1,215

HOA

No

Price History

03/14/2025
FMLS

FMLS #7541168

Listed
$450,000
+150%
12/22/2022
FMLS

FMLS #7124638

Sold
$180,000

Schools & Community

Neighborhood: 

East Atlanta

Elementary school: 

Burgess-Peterson

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

Castle Bank

Loan start date

November 2023

Original loan amount

$388,000

Est. remaining balance

$383,161

Interest rate

7.49%

Loan type

New Conventional, 30 year

Seller

Holly Rd Nw Llc and Katrina Marcos

Lender

Easy Street Capital Investmens

Loan start date

December 2022

Original loan amount

$286,025

Est. remaining balance

Not provided

Interest rate

6.95%

Loan type

Commercial, 1 year

Seller

Holly Rd Nw 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: 04/01/2025 at 9:55 PM

Listing updated: 03/24/2025 at 2:41 PM

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

MLS: FMLS #7541168

FMLS logo

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