15K PRICE REDUCTIONS!!!!!!!!! Seller is motivated and $40K below Appraisal value!!!! Bring your serious and prequalified Buyers and schedule a showing today!!!!
Perfectly located turn-key income producing property in City of Decatur, close to shopping, restaurants, colleges, the Beltline, parks and trails. Conveniently within walking distance to Downtown Decatur, Oakhurst Village, and Agnes Scott University. The property is a historic home, modernized in 2008, featuring three spacious units. Very well upkeep, each unit blends contemporary amenities with historical accents, providing unique character and a home feel to each unit. It includes a large rear yard and parking for 2-3 cars, plus additional street parking. Its also perfect for owner-occupied with roommate plan, or in-law suite. Surrounded by million dollars home, this property is a great investment and can also be easily converted to a single family home and flip for huge profit. Property is very spacious at 3,764 sqft.
Property is a Legal Triplex with 2 street level units and 1 side access city approved 3rd lower level unit. All three units have long term tenants with signed leases through mid 2026.
APT A UNIT – 2 Bedroom 2 bathroom. Front door access. new paint, well-kept original hardwood floors, Fireplace, separate living and dining room, Large bedrooms, new appliances including washer/dryers. Unit has 2 levels with 2 bedrooms on ground floor. Owner has tenant in place at $1750.00. Market rent - $2100.00.
APT B UNIT - 2 Bedroom 2 bathroom. Front Door access. New paint, Granite counters, original hardwood floors throughout, good size living room, dining/study room, historical fireplace and built-in wood hutch, new appliances including washer/dryers. 2 Bedrooms with back door access to a very large deck overlooking back yard. Owner has tenant in place at $1750.00. Market rent - $2100.00.
APT C UNIT – 2 bedroom 1 full bathroom. Side Door Access. Tons of natural light. Large open floor plan. Full Kitchen with stainless steel appliances, Washer/Dryer. Rear bottom level access. Owner has tenant in place at $1600. Market rent - $1,800.00.
Projected market rent is $6,000/month. With projected market rate, you easily cap at $6% for this property.
Three HVAC units; 2 newer cooler, replaced at 2020-2021, one was replaced at 2009. All three newer furnaces. Roof replaced in 2016. Siding was painted at 2019, back deck was painted this year. Large front porch and Rear deck, Concrete slab entrainment area in rear. Huge backyard with large walk-in shed on property. Separate electricity and gas meters, paid by tenants. Water is paid by Owner.
