3631 Raiders Ridge DR Active Save Request In-Person Tour Request Virtual Tour
Lithonia,GA 30038
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,951 sqft
Price per Sqft $132
Subdivision Chimney Rock
MLS Listing ID 7679884
Style Traditional
Bedrooms 8
Full Baths 2
Half Baths 1
Year Built 1995
Annual Tax Amount $5,304
Tax Year 2025
Lot Size 0.370 Acres
Property Sub-Type Single Family Residence
Property Description
This distinctive property features a striking castle-inspired façade 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.
Location
State GA
County Dekalb
Area Chimney Rock
Rooms
Other Rooms None
Dining Room None
Kitchen Breakfast Bar,Cabinets White,Eat-in Kitchen,Stone Counters,Solid Surface Counters
Interior
Heating Central,Forced Air,Natural Gas
Cooling Central Air,Electric
Flooring Laminate,Tile
Fireplaces Type None
Equipment None
Laundry Electric Dryer Hookup,Laundry Closet,Laundry Room,Main Level
Exterior
Exterior Feature Garden,Private Yard,Rain Gutters
Parking Features Attached,Driveway,Garage,Garage Faces Side,Kitchen Level,Level Driveway,Garage Door Opener
Garage Spaces 2.0
Fence None
Pool None
Community Features Near Schools,Near Shopping,Park,Street Lights
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
Waterfront Description None
View Y/N Yes
View Neighborhood
Roof Type Composition,Shingle
Building
Lot Description Back Yard,Corner Lot,Front Yard,Level
Story Two
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick,Vinyl Siding
Schools
Elementary Schools Browns Mill
Middle Schools Chapel Hill - Dekalb
High Schools Martin Luther King Jr
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional