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.

Similar Homes

Message

Interested in this home?

Request more information: