3927 Wabash LN, Ellenwood, GA 30294
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3927 Wabash LN, Ellenwood, GA 30294
3927 Wabash LN, Ellenwood, GA 30294
3927 Wabash LN, Ellenwood, GA 30294
3927 Wabash LN, Ellenwood, GA 30294
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3927 Wabash LN Ellenwood, GA 30294

8 Beds

2 Baths

1,782 SqFt


UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,782 sqft

Price per Sqft $117

Subdivision River Run

MLS Listing ID 7802374

Style Other

Bedrooms 8

Full Baths 2

Construction Status Resale

HOA Y/N No

Year Built 1985

Annual Tax Amount $4,252

Tax Year 2025

Lot Size 0.380 Acres

Acres 0.38

Property Sub-Type Single Family Residence

Source First Multiple Listing Service

Property Description

Options abound for this contemporary, furnished coliving rental. Currently generating over $3,200 per month in rent, you can reposition the property and bring rents up to market for robust returns north of a 12% cap rate. Or, with after repair values north of $300,000, this home could be a great BRRRR or flip. Already operating as a rental and in need of only minor TLC, there are many value-add plays here. Inside, soaring vaulted ceilings greet you, alongside an updated kitchen with granite countertops and white cabinets, updated bathrooms, LVP flooring throughout, and a dedicated laundry room. Outside, a long, wide driveway offers abundant off-street parking, and the large, level backyard is framed by mature trees for privacy. More than $38,500 in rent over the past year means you collect income from day one while you execute your plan. After some modest improvements, pro forma income as a furnished coliving rental runs over 24%+ cash-on-cash ROI even after management fees, north of 30% if you do self-managed co-living. Whether you plan to keep it or reposition it, you have options. Sold as-is. Pro forma and full financials available upon request.

Location

State GA

County Dekalb

Area River Run

Lake Name None

Rooms

Bedroom Description Roommate Floor Plan

Other Rooms None

Basement None

Main Level Bedrooms 8

Dining Room Other

Kitchen Cabinets White, Stone Counters

Interior

Interior Features High Speed Internet, Other

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Number 1

Fireplaces Type Other Room

Equipment None

Window Features None

Appliance Dishwasher, Microwave, Refrigerator

Laundry Laundry Room

Exterior

Exterior Feature Other

Parking Features Driveway

Fence None

Pool None

Community Features None

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront Description None

View Y/N Yes

View Neighborhood, Trees/Woods

Roof Type Composition,Shingle

Street Surface Paved

Accessibility None

Handicap Access None

Porch None

Total Parking Spaces 2

Private Pool false

Building

Lot Description Back Yard, Landscaped, Wooded

Story One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories One

Structure Type Cedar

Construction Status Resale

Schools

Elementary Schools Oak View - Dekalb

Middle Schools Cedar Grove

High Schools Cedar Grove

Others

Senior Community no

Restrictions false

Tax ID 15 027 01 041


First Multiple Listing Service(FMLS)
Listed by Keller Williams Realty Metro Atlanta

NEARBY SCHOOLS & PROPERTIES

Beka Rickman

Beka Rickman

Agent | License ID: 361599

+1(404) 606-3905

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3927 Wabash LN