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This turnkey 8-bedroom, 3-bathroom (2 shared baths) co-living home presents a rare opportunity for investors seeking high monthly cash flow in the Atlanta metro area. Fully renovated and fully occupied through PadSplit, this 1,850 sqft property generates $4,450/month in gross rents with an estimated NOI of $2,300/month and a 10.6% cap rate. Just minutes from major interstates and Hartsfield-Jackson International Airport, Magnolia Drive is ideally positioned for workforce housing, attracting reliable tenants looking to live closer to job hubs. PadSplit is a co-living platform that helps provide affordable housing to working professionals while maximizing returns for property owners. The platform handles tenant screening and onboarding, income verification, rent collection, and provides easy communication and maintenance management tools. If you're unfamiliar with how PadSplit works or want to explore whether this model is right for you, reach out-we'd be happy to walk you through it.
| DAYS ON MARKET | 11 | LAST UPDATED | 4/30/2025 |
|---|---|---|---|
| TRACT | Markland | YEAR BUILT | 1971 |
| GARAGE SPACES | 4.0 | COUNTY | Clayton |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Lee Street |
|---|---|
| Jr. High School | Jonesboro |
| High School | Jonesboro |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater, Oven , Range, Refrigerator |
| BASEMENT | Exterior Entry, Interior Entry, Yes |
| CONSTRUCTION | Wood Siding |
| GARAGE | Yes |
| HEAT | Central, Natural Gas |
| INTERIOR | Other |
| LOT | 0.258 acre(s) |
| LOT DESCRIPTION | Level |
| PARKING | Off Street |
| SEWER | Public Sewer |
| STORIES | Split/Multi Level |
| STYLE | Other |
| SUBDIVISION | Markland |
| TAXES | 2918 |
| UTILITIES | Cable Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Keller Williams Realty
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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.
