2483 Memorial Dr SE

Discover a rare investment opportunity in the heart of East Lake, one of Atlanta's most charming and sought-after neighborhoods. This property is currently operated as a co-living apartment by Padsplit, the nation’s leading co-living platform. The individual-bedrooms-for-rent model offers a lucrative and stable income stream while also hedging against vacancy risk.
Phenomenal Location:
Nestled in a quiet, family-oriented neighborhood, this property is WALKABLE to various restaurants, coffee shops, grocery stores, parks, and more! Recreation options abound with nearby golf courses, green spaces, and the Atlanta Beltline just a short distance away. Commuting is a breeze with quick access to MARTA and major highways and interstates!
Thoughtful Amenities:
The home features a fully-equipped kitchen with an oversized refrigerator and freezer (including water and ice dispenser), oven, range, dishwasher, microwave, toaster oven, and toaster. Each fully furnished bedroom is designed for comfort and productivity, with a private workspace that includes a desk, rolling chair, and cubby, plus high-speed internet for seamless connectivity. Tenants can enjoy the outdoors in the spacious, fenced-in backyard with a large patio perfect for relaxation.
Easy & Low-Cost Management:
The house has strong bones, is well-maintained, and has been partially renovated over the last two years, ensuring a modern, comfortable, and low-cost living environment. The property is well suited for passive investors seeking investments with little management needs – Padsplit not only finds and vets good, reliable tenants, but also handles all lease documentation, payment processing, and accounting.
Investment Potential:
This stabilized property with value-add potential represents a fantastic opportunity for investors seeking a steady income in a high-demand area. East Lake’s blend of historic charm and modern amenities makes it a desirable location for tenants, and the PadSplit model ensures a consistently high occupancy rate.
Invest in a property that offers both financial rewards and a connection to one of Atlanta's most beloved neighborhoods.