Property Description

Established 9-bedroom, 3-bath PadSplit co-living investment opportunity in Riverdale, approximately 6 miles from Hartsfield-Jackson Atlanta International Airport! Offered at $270,000, this furnished, operating rental property features existing residents, documented 2026 income, and an estimated 11% capitalization rate based on annualized historical performance and estimated insurance. Investors can also explore approximately 19% projected cash-on-cash returns using illustrative financing with 20% down, 7.25% interest, 30-year amortization, and 3% closing costs. Returns are estimates, not guarantees, and are subject to operating expenses and financing terms. At approximately $30,000 per rentable bedroom, this property offers an opportunity to acquire an established room-rental operation without the time and expense of converting, furnishing, and initially leasing up a property. The 2,352-square-foot home sits on a 0.26-acre lot and features a finished partial basement, basement laundry, central HVAC, and a carport. Ideal for existing PadSplit operators and cash-flow-focused investors looking to expand their portfolios. Seller-provided operating history and a detailed investment package are available to qualified buyers. Contact the listing agent for financial details, investment analysis, and access to the offering. Property is occupied. No showings until under contract. Please do not disturb residents.