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Unique income-producing investment opportunity in Riverdale! This 9-bedroom, 3-bath home is currently operating as an established, furnished PadSplit co-living rental property with residents in place. Offered at $270,000, approximately $30,000 per rentable bedroom, with documented 2026 operating history supporting an estimated 11% cap rate after estimated insurance. Located approximately 6 miles from Hartsfield-Jackson Atlanta International Airport, the property offers 2,352 square feet on a 0.26-acre lot in the Stoneridge subdivision. Features include a finished partial basement with bathroom, basement laundry, central HVAC, and a carport. An opportunity for investors seeking an existing income-producing rental operation without undertaking the conversion and initial lease-up process. Illustrative financing scenarios indicate potential cash-on-cash returns approaching 20%, subject to financing terms, operating expenses, and investment assumptions. Contact the listing agent for additional information, historical financial performance, and access to the full investment offering. Property is tenant-occupied. No showings until under contract. Please do not disturb residents.

Listing courtesy of Realty of America



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Last checked: 2026-11-14 12:10 AM UTC