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Calling all real estate investors looking for a strong return on investment! 494 South Malton Court in Stone Mountain presents a fantastic opportunity to acquire a property with a 10.3% cap rate. This 8-bedroom, 3-bathroom property is a turnkey, operating PadSplit with a strong track record of high occupancy. PadSplit is a housing solution platform that helps members find accessible housing throughout the nation. The property is leased directly to PadSplit PadSplit sources and screens members for property owners making this an easy lift for both first-time and seasoned investors alike. Google PadSplit to learn more about the platform and becoming a PadSplit host. Located near North Hairston Road, 494 South Malton Court is just 0.4 miles to the nearest Marta Bus route. A direct bus ride takes you to Indian creek MARTA station a short 15-mins by bus making it easy and seamless to access all of Metro Atlanta. Mere minutes to a Walmart Supercenter, the location is prime for current and future occupants who seek the convenience of having groceries and shopping just a short ride away. Make this cash-flowing winner a part of your real estate portfolio today!
| DAYS ON MARKET | 1 | LAST UPDATED | 2/21/2025 |
|---|---|---|---|
| TRACT | Heathcliff | YEAR BUILT | 1978 |
| COUNTY | DeKalb | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Rockbridge |
|---|---|
| Jr. High School | Stone Mountain |
| High School | Stone Mountain |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Gas Water Heater, Microwave , Oven , Range, Refrigerator, Stainless Steel Appliance(s) |
| BASEMENT | None |
| CONSTRUCTION | Other |
| FIREPLACE | Yes |
| GARAGE | Attached Garage, Garage Door Opener, Yes |
| HEAT | Central, Forced Air, Natural Gas |
| INTERIOR | Bookcases, Breakfast Bar, Entrance Foyer, High Speed Internet, Pantry, Walk-In Closet(s) |
| LOT | 0.36 acre(s) |
| LOT DESCRIPTION | Cul-De-Sac, Level, Private |
| PARKING | Attached, Garage, Garage Door Opener, Kitchen Level, Off Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Traditional |
| SUBDIVISION | Heathcliff |
| TAXES | 5754 |
| UTILITIES | Cable Available, Electricity Available, Natural Gas Available, Sewer Available |
| WATER | Public |
| WATER ACCESS | None |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 GAMLS. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 GAMLS. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.
