tomo logo

$239,000

Beds
8
Baths
2.0
sq ft
1,979

488 Paul St, Riverdale, GA 30274

488 Paul St

Riverdale, GA 30274

  • 18 days on market
This occupied furnished rental is ideal for the savvy investor. Recently updated kitchens and bathrooms make this a comfortable co-living property in an in-demand location. Very Strong rental income, grosses $3,300 per month on average with some months generating over $5,000/mo in gross income. Close to the interstate, the busiest airport in the world, and major logistics centers to ensure superb connectivity and access to jobs. 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.

Details

Property type

Single Family Residence

Est. home value

$262,810

Lot size

0.34 acres

Price per sq ft

$121

Year built

1974

Annual property taxes

$2,479

HOA

No

Price History

12/03/2024
FMLS

FMLS #7493494

Listed
$239,000
+18.91%
05/11/2021
GeorgiaMLS

GeorgiaMLS #8936669

Sold
$201,000
+93.27%
09/24/2020
FMLS

FMLS #6773569

Sold
$104,000

Schools & Community

Elementary school: 

Church Street

Middle school: 

Riverdale

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

Tucky Lending

Loan start date

September 2020

Original loan amount

$112,000

Est. remaining balance

$0

Interest rate

2.88%

Loan type

New Conventional, 1 year

Seller

Beyond Love Investments 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?

Similar Homes Nearby

FMLS
$214,000
8 bd
|
2 ba
|
1,260 sq ft
|
House

158 Flint River Rd, Riverdale, GA 30274

Price drop
FMLS
$236,900
5 bd
|
2 ba
|
House

226 Stayman Dr, Riverdale, GA 30274

FMLS
$235,000
3 bd
|
2 ba
|
House

198 Lucan Way, Riverdale, GA 30274

Status: Active

Tomo last checked: 12/22/2024 at 4:15 PM

Listing updated: 12/04/2024 at 9:45 AM

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

MLS: FMLS #7493494

FMLS logo

Recently listed in Riverdale

$269,900|4 bd|2.5 ba|House
$249,000|4 bd|2.0 ba|House
$318,000|4 bd|2.5 ba|House
$145,000|2 bd|1.0 ba|Townhouse
$175,000|3 bd|2.5 ba|Townhouse
$259,900|3 bd|2.0 ba|House
$325,000|5 bd|3.0 ba|House
$300,000|3 bd|2.5 ba|House