1955 E Lake Drive, Marietta, GA 30066

$515,000 Asking Price

5 beds
3 baths
2,500  sqft
Built in 1962

Investment Opportunity: Fully Renovated Home with Cash Flow Potential Discover a rare investment opportunity with this stunning, fully renovated home that boasts dual living areas, perfect for maximizing rental income while enjoying your own living space. Located in a vibrant neighborhood, this property is not just a residence but a strategic investment that offers significant cash flow potential. Key Investment Highlights: - **Dual Living Areas:** With separate entrances and fully equipped kitchens on both levels, this home is ideal for multi-generational living or can be easily converted into a dual rental setup. Live in one unit while renting out the other to help offset your mortgage costs. - **Cash Flow Potential:** The flexible layout allows for multiple income-generating options. Rent out the downstairs living area to long-term tenants or consider short-term rentals for additional cash flow, especially given the property’s desirable location. - **Five Bedrooms:** The spacious layout, featuring five well-appointed bedrooms, provides ample room for tenants, making it easy to maximize occupancy and rental income. - **Three Modern Bathrooms:** With three stylish bathrooms, tenant comfort is prioritized, ensuring high demand for rentals in this property. - **New Kitchens and HVAC:** The two brand-new kitchens and efficient HVAC system add significant value, attracting quality tenants who appreciate modern amenities and comfort. - **Location Advantage:** Situated in a sought-after neighborhood with access to schools, parks, and local amenities, this property is poised to attract a wide range of renters, enhancing its investment potential. This property not only serves as a beautiful home but also a smart financial decision. Whether you’re looking to generate passive income or accommodate extended family, this fully renovated home offers the best of both worlds. Schedule a showing today and explore the incredible investment potential that awaits!


Features & Amenities

Interior

General:
Other
Rooms:
Other
Appliances:
Electric Oven, Electric Range
Laundry:
Common Area
Basement:
Driveway Access, Full
Flooring:
Carpet
A/C:
Central Air
Heating:
Central, Electric
Fireplace:
Fireplaces: 0
Disability Feature:
None
Eco/Green Feature:
Appliances, HVAC, Thermostat, None

Exterior

General:
Rain Gutters, Storage
Style:
Ranch
Pool:
None
Parking:
Carport, Drive Under Main Level, Level Driveway

Construction

Roofing:
Composition
Windows:
Insulated Windows
General:
Brick 4 Sides, Two, Slab

Location

Road/Access:
Private Road
Originating MLS:
First Multiple Listing Service
County:
Cobb - GA

Lot

Zoning:
16-0734-0-019-0, 16073400190
View:
Rural
Fencing:
None

Utilities

Utilities:
Electricity Available, Sewer Available, 220 Volts
Water:
Public
Sewer:
Public Sewer

Financial

Source:
First Multiple Listing Service

This listing courtesy of:
Virtual Properties Realty.com, Yadira Cruz

About Marietta, GA

Housing

Number of Units
132,098
Median Home Value
$329,963
Median Rent
$1,070

33.79% of housing units are renter occupied.

5.02% are vacant.

Commute

Car
59.71%
Public Transportation
0.86%
Walk to Work
0.95%
Work from Home
37.09%
Other
1.27%

The median travel time to work is 21 minutes.

People

Population
332,779
Median Age
38.50
Median Household Size
2.80

Education

High School
16.67%
Associate’s Degree
6.60%
Bachelor’s Degree
32.03%
Graduate Degree
18.80%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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