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The Rains Team
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Chimney Rock

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MLS Number 10641797

8 Bedrooms
2 Bathrooms
1 Half Baths
1,951 Square Feet *estimated

This distinctive property features a striking castle-inspired facade and versatile 8-room layout that works for owner occupants seeking flexibility with extra rooms, house hackers looking to offset their mortgage with roommate income, or investors seeking a practically turnkey rental. For investors, this property will perform over a 12% cap rate with over 20% cash-on-cash ROI when operated as co-living or PadSplit, making this an exceptional opportunity in today's market. The property needs some cosmetic updates but offers strong bones and immediate income potential for savvy buyers ready to capitalize on the growing demand for affordable, flexible housing.

Set in the popular Chimney Rock neighborhood, this 8-BR, 2-BA home offers a comfortable blend of space, style, and function. Inside, the home offers 1,951 square feet of finished living space, giving plenty of room for everyday living and easy entertaining. The kitchen was planned for both everyday meals and special occasions, with plenty of room to cook, serve, and connect. The main living areas are filled with natural light and provide an easy flow for hosting friends or enjoying quiet evenings at home. The outdoor space includes approximately 0.37 acres, ideal for gardening, outdoor activities, or simply enjoying the seasons. With parking available, the home provides flexible options for families and visitors. Set within Chimney Rock in Lithonia, this home is close to schools, shopping, dining, and area attractions. Currently listed for about 29 days, this property combines space, style, and value. At $259,000, this home is well positioned for buyers seeking value in Lithonia.

Take I-20 E to exit 68 for Wesley Chapel Rd, turn right, then left onto Snapfinger Rd; follow it about 3 miles, turn right onto Chimney Rock Way, right onto Raiders Ridge Dr, and left onto Hollow Oak Ln. The house will be on your left.

listed by real estate agent josh stanton and keller williams realty