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Key Details
Sold Price $312,500
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,244 sqft
Price per Sqft $139
Subdivision Heathcliff
MLS Listing ID 10463928
Sold Date 04/18/25
Style Traditional
Bedrooms 8
Full Baths 3
HOA Y/N No
Originating Board Georgia MLS 2
Year Built 1978
Annual Tax Amount $5,754
Tax Year 2024
Lot Size 0.360 Acres
Acres 0.36
Lot Dimensions 15681.6
Property Sub-Type Single Family Residence
Property Description
Calling all real estate investors looking for a strong return on investment! 494 South Malton Court in Stone Mountain presents a fantastic opportunity to acquire a property with a 10.3% 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. Located near North Hairston Road, 494 South Malton Court is just 0.4 miles to the nearest Marta Bus route. A direct bus ride takes you to Indian creek MARTA station a short 15-mins by bus making it easy and seamless to access all of Metro Atlanta. Mere minutes to a Walmart Supercenter, the location is prime for current and future occupants who seek the convenience of having groceries and shopping just a short ride away. Make this cash-flowing winner a part of your real estate portfolio today!
Location
State GA
County Dekalb
Rooms
Basement None
Dining Room Separate Room
Interior
Interior Features Bookcases, Walk-In Closet(s)
Heating Central, Forced Air, Natural Gas
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Hardwood, Tile
Fireplaces Number 1
Fireplaces Type Family Room
Fireplace Yes
Appliance Disposal, Gas Water Heater, Microwave, Oven/Range (Combo), Refrigerator, Stainless Steel Appliance(s)
Laundry In Kitchen
Exterior
Parking Features Attached, Garage, Garage Door Opener, Kitchen Level, Off Street
Fence Back Yard, Wood
Community Features Street Lights, Walk To Schools, Near Shopping
Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Available
View Y/N No
Roof Type Composition
Garage Yes
Private Pool No
Building
Lot Description Cul-De-Sac, Level, Private
Faces Please use GPS.
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Other
New Construction No
Schools
Elementary Schools Rockbridge
Middle Schools Stone Mountain
High Schools Stone Mountain
Others
HOA Fee Include None
Tax ID 18 040 02 097
Security Features Smoke Detector(s)
Special Listing Condition Resale
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Jeff Wallace
Owner- Team Lead | License ID: GA-423331
Owner- Team Lead License ID: GA-423331