482 Maynard TER SE new

Atlanta,GA 30316

$ 450000

8 Beds

2 Baths

1887 SqFt


Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,887 sqft

Price per Sqft $238

Subdivision Glenwood Acres

MLS Listing ID 7541168

Style Bungalow

Bedrooms 8

Full Baths 2

Year Built 1948

Annual Tax Amount $1,215

Tax Year 2024

Lot Size 0.310 Acres

Property Sub-Type Single Family Residence

Property Description

Seize this rare chance to acquire a high-potential PadSplit in one of Atlanta's most dynamic rental markets! 482 Maynard Terrace SE is a single-story, 8-bedroom, 2-bathroom home with a large unfinished basement offering very healthy cash flow with massive additional potential if the basement were finished out. Currently tenant-occupied but underperforming, this property has the bones to become a premium co-living space catering to renters seeking affordability without sacrificing lifestyle. At peak performance, projections show gross rents exceeding $8,000 per month with net income potential over $4,000 per month and that's before expanding into the basement to add additional rooms. With some strategic updates and repairs, this property could become one of the highest-grossing PadSplits in the area, drawing in residents who value both affordability and proximity to EAV's buzzing social scene.

Location

State GA

County Dekalb

Rooms

Other Rooms None

Dining Room None

Interior

Heating Central

Cooling Central Air

Flooring Ceramic Tile,Hardwood

Fireplaces Type None

Laundry In Kitchen

Exterior

Exterior Feature Rain Gutters

Parking Features Driveway,On Street

Fence None

Pool None

Community Features None

Utilities Available Electricity Available,Natural Gas Available,Sewer Available,Water Available

Waterfront Description None

View Neighborhood

Roof Type Composition,Shingle

Building

Lot Description Back Yard,Front Yard

Story One

Foundation Block

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools Burgess-Peterson

Middle Schools Martin L. King Jr.

High Schools Maynard Jackson

Others

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition None

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