3927 Wabash Lane, Ellenwood, GA 30294
- $210,000
- 8
- BD
- 2
- BA
- 1,782
- SqFt
- List Price
- $210,000
- MLS#
- 7802374
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Single Family Residence
- Bedrooms
- 8
- Bathrooms
- 2
- Square Footage
- 1,782
- Lot Size
- 0.38
- Subdivision
- River Run
- Basement Description
- None
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.
Additional Information
- Style
- Other
- Stories
- One
- Construction
- Cedar
- Year Built
- 1985
- Neighborhood Amenities
- None
- Kitchen Features
- Cabinets White, Stone Counters
- Interior
- High Speed Internet, Other
- Fireplaces
- 1
- Exterior
- Other
- Roof
- Composition, Shingle
- Lot Dimensions
- 160 x 100
- Parking
- Driveway
- Lot Desc
- Back Yard, Landscaped, Wooded
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Oak View - Dekalb
- Middle School
- Cedar Grove
- High School
- Cedar Grove
- Acres
- 0.38
- Levels
- One
- Taxes
- $4,252
Listing courtesy of Keller Williams Realty Metro Atlanta.
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2026 FMLS. Last updated