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3927 Wabash Lane; Ellenwood, GA 30294

$210,000

1,782 Sq Ft
8 Bedrooms
2 Bathrooms
Driveway
7802374
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.
Key Facts
  • Style:
  • Year Built: 1985
  • Status: Active
Schools
  • Elementary School: Oak View - DeKalb
  • Middle School: Cedar Grove
  • High School: Cedar Grove
Bedrooms
  • Beds Total: 8
Bathrooms
  • Baths Full: 2
  • Baths Half: 0
  • Main Full Baths: 2
  • Master Bath Features: None

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Private & Public Schools Nearby

  • 1 / 5
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    Cedar Grove Middle School
    2300 WILDCAT ROAD; Decatur, GA 30034
    Public 6th-8th  |  749 students
    Metro Atlanta School Rank: 492nd
  • 1 / 5
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    Cedar Grove High School
    2360 RIVER ROAD; Ellenwood, GA 30294
    Public 9th-12th  |  1,055 students
    Metro Atlanta School Rank: 320th

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Listing information last updated on August 3, 2026
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