3927 Wabash Lane, Ellenwood, GA 30294

$210,000
8
BD
2
BA
1,782
SqFt

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List Price
$210,000
MLS#
10803481
Type
Single Family Residential
City
Ellenwood
County
Dekalb
Subdivision
River Run
Bedrooms
8
Bathrooms
2
Living Area
1,782
Year Built
1985

Property Description

Options abound for this contemporary, furnished coliving rental. Currently generating over $3,200 per month in rent, you can reposition the property and bring rents up to market for robust returns north of a 12% cap rate. Or, with after repair values north of $300,000, this home could be a great BRRRR or flip. Already operating as a rental and in need of only minor TLC, there are many value-add plays here. Inside, soaring vaulted ceilings greet you, alongside an updated kitchen with granite countertops and white cabinets, updated bathrooms, LVP flooring throughout, and a dedicated laundry room. Outside, a long, wide driveway offers abundant off-street parking, and the large, level backyard is framed by mature trees for privacy. More than $38,500 in rent over the past year means you collect income from day one while you execute your plan. After some modest improvements, pro forma income as a furnished coliving rental runs over 24%+ cash-on-cash ROI even after management fees, north of 30% if you do self-managed co-living. Whether you plan to keep it or reposition it, you have options. Sold as-is. Pro forma and full financials available upon request.

Additional Information

Elementary School
Oak View
High School
Cedar Grove
Exterior Features
Other
Interior Features
Other, Roommate Plan
Style
Other
Parking
Off Street, Parking Pad
Basement Type
None
Stories
1 Story
Fees Include
None
Tax Year
2025

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty.

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