$312,500
$334,900
6.7%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
3 Baths
2,244 SqFt
SOLD DATE : 04/18/2025
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 7528584
Sold Date 04/18/25
Style Traditional
Bedrooms 8
Full Baths 3
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1978
Annual Tax Amount $5,754
Tax Year 2024
Lot Size 0.360 Acres
Acres 0.36
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
Lake Name None
Rooms
Bedroom Description Oversized Master,Sitting Room
Other Rooms None
Basement None
Main Level Bedrooms 4
Dining Room Separate Dining Room
Interior
Interior Features Bookcases, Disappearing Attic Stairs, Entrance Foyer, High Speed Internet, Low Flow Plumbing Fixtures, 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
Window Features None
Appliance Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
Laundry In Kitchen, Lower Level
Exterior
Exterior Feature Private Entrance, Private Yard, Rain Gutters
Parking Features Attached, Driveway, Garage, Garage Door Opener, Garage Faces Front, Kitchen Level, Level Driveway
Garage Spaces 2.0
Fence Back Yard, Wood
Pool None
Community Features Near Schools, Near Shopping, Restaurant, Street Lights
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available
Waterfront Description None
View Other
Roof Type Composition
Street Surface Paved
Accessibility None
Handicap Access None
Porch Deck, Front Porch
Private Pool false
Building
Lot Description Back Yard, Cul-De-Sac, Front Yard, Level, Private
Story Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
Structure Type Cement Siding
New Construction No
Construction Status Resale
Schools
Elementary Schools Rockbridge - Dekalb
Middle Schools Stone Mountain
High Schools Stone Mountain
Others
Senior Community no
Restrictions false
Tax ID 18 040 02 097
Ownership Fee Simple
Financing no
Special Listing Condition None
Read Less Info
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Bought with Cornerstone Real Estate Partners, LLC
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