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Lithonia,GA 30038
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status New
Purchase Type For Sale
Square Footage 1,951 sqft
Price per Sqft $132
Subdivision Chimney Rock
MLS Listing ID 10641797
Style Traditional
Bedrooms 8
Full Baths 2
Half Baths 1
Year Built 1995
Annual Tax Amount $5,304
Tax Year 2025
Lot Size 0.370 Acres
Property Sub-Type Single Family Residence
Property Description
This distinctive property features a striking castle-inspired facade and versatile 8-room layout that works for owner occupants seeking flexibility with extra rooms, house hackers looking to offset their mortgage with roommate income, or investors seeking a practically turnkey rental. For investors, this property will perform over a 12% cap rate with over 20% cash-on-cash ROI when operated as co-living or PadSplit, making this an exceptional opportunity in today's market. The property needs some cosmetic updates but offers strong bones and immediate income potential for savvy buyers ready to capitalize on the growing demand for affordable, flexible housing.
Location
State GA
County Dekalb
Interior
Heating Central,Natural Gas,Forced Air
Cooling Central Air,Electric
Flooring Laminate,Tile
Laundry Laundry Closet,Other
Exterior
Exterior Feature Garden
Parking Features Garage,Attached,Kitchen Level,Garage Door Opener
Community Features None
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Phone Available,High Speed Internet
View Y/N No
Roof Type Composition
Building
Lot Description Corner Lot,Level
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick,Vinyl Siding
New Construction No
Schools
Elementary Schools Browns Mill
Middle Schools Chapel Hill
High Schools Martin Luther King Jr
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition Resale