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Shannon Sanborn

shannon@exploregainesvillega.com +1(678) 997-0206

$ 210,000

Est. payment -/mo

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Active

3927 Wabash LN Ellenwood, GA 30294

8 Beds

2 Baths

1,782 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,782 sqft

Price per Sqft $117

Subdivision River Run

MLS Listing ID 10803481

Style Other

Bedrooms 8

Full Baths 2

HOA Y/N No

Year Built 1985

Annual Tax Amount $4,252

Tax Year 2025

Lot Size 0.380 Acres

Acres 0.38

Lot Dimensions 16552.8

Property Sub-Type Single Family Residence

Source Georgia MLS 2

Property Description

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

State GA

County Dekalb

Rooms

Bedroom Description No

Basement None

Interior

Interior Features Other, Roommate Plan

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Number 1

Fireplaces Type Other

Fireplace Yes

Appliance Dishwasher, Microwave, Refrigerator

Laundry Laundry Closet

Exterior

Exterior Feature Other

Parking Features Off Street, Parking Pad

Garage Spaces 2.0

Community Features None

Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available

View Y/N Yes

View Seasonal View

Roof Type Composition

Total Parking Spaces 2

Garage No

Private Pool No

Building

Lot Description Private

Faces Please use GPS for most accurate driving directions

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Other

Structure Type Wood Siding

New Construction No

Schools

Elementary Schools Oak View

Middle Schools Cedar Grove

High Schools Cedar Grove

Others

HOA Fee Include None

Tax ID 15 027 01 041

Special Listing Condition Resale

Nearby Locations

Shannon Sanborn

The Flying Realtor® | eXp Realty

Ready to Take the Next Step?
Let's Talk About Your Real Estate Goals

Whether you're buying your first home, exploring new construction, selling your current property, or relocating to Gainesville and Hall County, I'm here to help you make confident decisions every step of the way.

What sets me apart is 20+ years of experience in all phases of new construction homes — from framing and electrical to roofing, siding, doors, windows, cabinets, and structural repairs. I've worked on homes from the ground up.

That experience allows me to see beyond cosmetic finishes and provide insights that help protect one of your biggest investments — especially when buying new construction in Hall County.

When you work with me, you'll get honest advice, responsive communication, and a trusted advocate who is committed to helping you achieve your real estate goals — not just complete a transaction.

I'd love the opportunity to earn your trust and help you take the next step. Schedule a consultation today, and let's build a plan that's right for you.

+1(678) 997-0206 shannon@exploregainesvillega.com

About Me