482 Maynard TER SE new Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30316
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