4087 Creek Court, Stone Mountain, GA 30083

$304,000 Asking Price

10 beds
3 baths
2,883  sqft
Built in 1964

Rare, 12% CAP Occupied PadSplit grossing over $6,200+ per month gross income per month (AFTER vacancies). 0.3mi to public transit, and around the corner I-85/I-285 interchange and the airport for superb connectivity and access to job centers. Mind boggling cash flow will give you a cash-on-cash return of 25%+! Powered by PadSplit, this occupied rental is a workforce housing solution that not only helps members save money and live closer to work but provides a great investment for its owner. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling.


Features & Amenities

Interior

General:
Other
Appliances:
Microwave, Refrigerator
Laundry:
Common Area
Basement:
Daylight, Finished
Flooring:
Laminate, Tile
A/C:
true, Central Air
Heating:
true, Central
Fireplace:
Fireplaces: 0

Exterior

Style:
Brick 4 Side, Traditional
Parking:
Off Street, Parking spaces: 0

Construction

Roofing:
Other
General:
Brick, Wood Siding, Two, Slab

Location

HOA Amenities:
0.0
Originating MLS:
Georgia MLS 2
County:
DeKalb

Lot

Zoning:
15 222 07 005
Fencing:
Wood

Utilities

Utilities:
Electricity Available, Sewer Available, Water Available, Electricity on Property
Water:
Public
Sewer:
Public Sewer

Financial

Source:
Georgia MLS 2
Buyers Agent Compensation:
3 %

This listing courtesy of:
Keller Williams Realty, Josh Stanton

About Stone Mountain, GA

Housing

Number of Units
48,610
Median Home Value
$178,899
Median Rent
$943

43.10% of housing units are renter occupied.

6.34% are vacant.

Commute

Car
63.99%
Public Transportation
5.68%
Walk to Work
0.64%
Work from Home
28.81%
Other
0.61%

The median travel time to work is 27 minutes.

People

Population
121,014
Median Age
37.90
Median Household Size
2.67

Education

High School
25.55%
Associate’s Degree
10.43%
Bachelor’s Degree
19.85%
Graduate Degree
12.25%

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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