3927 Wabash Ln, Ellenwood, GA 30294

Beds
8
Baths
2
Sqft
1,782

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Listed byKeller Williams Realty Metro Atlanta
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Overview

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

Full feature list

Basic info

Property type
House
Number of stories
1
Number of bedrooms
8
Number of bathrooms
2
Square feet
1,782
Lot size (acres)
0.38
Year built
1985

Interior features

Fireplaces
1
Laundry
Laundry Room

Utilities

Heating
Central
Cooling
Central Air
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$4,252

Public schools

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Sourced from: First Multiple Listing Service (FMLS) MLS®#: 7802374 Last checked:

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