Discover a rare investment opportunity in the heart of East Lake, one of Atlanta's most charming and sought-after neighborhoods. This property is currently operated as a co-living apartment by Padsplit, the nation’s leading co-living platform. The individual bedrooms-for-rent model offers a lucrative and stable income stream while also hedging against vacancy risk.
Phenomenal Location:
Nestled in a quiet, family-oriented neighborhood, this property is WALKABLE to various restaurants, coffee shops, grocery stores, parks, and more! Recreation options abound with nearby golf courses, green spaces, and the Atlanta Beltline just a short distance away. Commuting is a breeze with quick access to MARTA, major highways, and interstates!
Thoughtful Amenities:
The home features a fully equipped kitchen with an oversized refrigerator and freezer (including a water and ice dispenser), oven, range, dishwasher, microwave, toaster oven, and toaster. Each fully furnished bedroom is designed for comfort and productivity, with a private workspace that includes a desk, rolling chair, and cubby, plus high-speed internet for seamless connectivity. Tenants can enjoy the outdoors in the spacious, fenced-in backyard with a large patio perfect for relaxation.
Easy & Low-Cost Management:
The house has strong bones, is well-maintained, and has been partially renovated over the last two years, ensuring a modern, comfortable, and low-cost living environment. The property is well suited for passive investors seeking investments with little management needs – Padsplit not only finds and vets good, reliable tenants but also handles all lease documentation, payment processing, and accounting.
Investment Potential:
This stabilized property with value-add potential represents a fantastic opportunity for investors seeking a steady income in a high-demand area. East Lake’s blend of historic charm and modern amenities makes it a desirable location for tenants, and the PadSplit model ensures a consistently high occupancy rate.