Caitlyn Verdugo · Keller Williams Metro Atlanta · 678-884-4494 · cv.sellshomes@gmail.com
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OFFERING MEMORANDUM · Conley · COLIVING
OFFERING MEMORANDUM · Conley
The Conley Eight
Turnkey Coliving Home, Fully Occupied and Cash Flowing
ASKING PRICE
$215,000
$26,875 per room
BEDS / BATHS
8 bd / 2 ba
1,442 sqft
CAP RATEProjected
~8%
On in-place income
LIVE OCCUPANCY
8 of 8
From PadSplit · pulled daily
The offering
Established PadSplit home with residents and a property manager in place, ready for its next owner.
This 8 bedroom coliving home has been running on PadSplit for the past 5 years, and is fully occupied today. The conversion is done and the house is stabilized, so you skip the build-out, furnishing, and lease-up turmoil. The property manager is ready to stay on through the sale, which makes the handoff simple - just walk right in and start cash-flowing from the get-go.
Share this offering
Property detail
0103
PROPERTY TYPE
Occupied Padsplit
SQUARE FEET
1,442
BUILT / RENOVATED
1970 / 2020
PARKING
Street, driveway 3-4 cards
LAUNDRY
In unit, conveys
FURNISHINGS
All rooms convey
Occupancy
LIVE FROM PADSPLIT · PULLED DAILY
0202
CURRENT OCCUPANCY
8 of 8 rooms
100%
Last updated Oct 12, 11:22 PM ET from the property's live PadSplit listing.
Gross rents are all rooms at in-place weekly rates. Expenses cover utilities, cleaning, platform fees, taxes, and reserves. Cash-on-cash assumes conventional financing at current rates. Cap rate is on in-place income.
The asking price reflects both local comparable sales and the income the asset produces — coliving houses are underwritten on both.
LINE-ITEM DETAIL LOCKED
Rents, expenses, debt service, and CapEx open on this page.
Gross rents$X,XXX
Net earnings (after PadSplit)$X,XXX
OpEx$X,XXX
NOI$X,XXX
Projected debt service$X,XXX
Net cash flow$X,XXX
LINE-ITEM DETAIL LOCKED
Monthly rents, expenses, debt service, and CapEx open on this page.
Unlock reveals rents, expenses, debt service, and CapEx.
The process
0404
01
Review the offering
Everything on this page, plus the line-item underwriting once you unlock. Questions get answered before you write anything.
Everything on this page, plus line-item underwriting once you unlock.
02
Make an offer
The button on this page connects you to me to write it — an offer has to be on GAR forms before it can go to the seller. We'll talk your terms through first.
The button connects you to me to write it. We'll talk your terms through first.
03
See it in person during DD
The house is occupied, so showings happen during due diligence. The address is shared with serious buyers considering an offer, to protect everyone in the home.
The house is occupied, so showings happen during due diligence.
04
Transaction & handoff
Members stay in place through closing, and the PadSplit account, member agreements, and deposits transfer to you.
Members stay in place through closing; the PadSplit account transfers to you.
Ready to move
Ready to make an offer?
Tell me your price and terms and I'll call you the same day to walk through them. Nothing here is a contract and nothing goes to the seller until we've talked.
Goes straight to Caitlyn — typically a call back within a few hours.
For PadSplit owners
What would your PadSplit sell for?
A coliving house gets priced two ways at once: the local comps, and the income the asset actually produces. I run both — what houses like yours have traded for in your submarket, alongside room revenue, a realistic expense load, and what in-place occupancy supports. Where those two land tells you the list price.
48 hours
WRITTEN ANALYSIS BACK
No pressure
EVALUATION OF YOUR PADSPLIT
For PadSplit owners
What would your PadSplit sell for?
A coliving house gets priced with a combination of local comps and the income the asset produces. Get an idea of what yours could sell for here.
CONFIDENTIALITY & DISCLAIMER
This memorandum is provided for the sole purpose of evaluating a possible purchase of the property described and is intended only for the recipient. The address and member information are withheld until a showing is scheduled, out of respect for the people currently living in the house. Occupancy and room-rate figures are pulled from the property's live PadSplit listing daily and reflect conditions as of the last refresh; income and expense figures are supplied by the seller, are unaudited, and are not a representation of future performance. A buyer should conduct independent due diligence. This is not an offer to sell or a solicitation of an offer to buy. Caitlyn Verdugo, licensed real estate agent in Georgia, Keller Williams Metro Atlanta. Each office independently owned and operated. Equal Housing Opportunity.
