Viewing Listing MLS# 379981637
Decatur, GA 30032
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 1959Year Built
- 0.50Acres
- MLS# 379981637
- Multifamily
- Quadruplex
- Active
- Approx Time on Market1 month, 23 days
- AreaN/A
- CountyDekalb - GA
- SubdivisionMurphy Court Sub.
Overview
FULLY RENOVATED all-brick quadruplex less than 4 miles from Downtown Decatur. The property was gutted completely down to the studs and everything is brand new, including all new HVAC systems, windows, and all appliances, so utility bills are all very low. No expense was spared during the renovation and it shows - beautiful matching granite countertops in all kitchens and bathrooms, elegant matching tile in all of the showers, luxury engineered vinyl planking throughout each unit, and to top it off, a dedicated washer/dryer space in each individual unit! Two units are currently leased with wonderful tenants ($1,500 and $1,200 per month, respectively), and the two vacant units most recently rented for $1,700 and $1,500 per month, respectively, so total expected income when fully occupied is $5,900/mo. Transitioning the property to a short-term rental would generate a whopping estimated $11,070/mo total (assuming $130 average nightly rate and 70% occupancy). 4-unit homes in the area are very rare, especially with such high total rents, so this one is expected to go very quickly.
Association Fees / Info
Hoa: No
Community Features: None
Bathroom Info
Building Info
Habitable Residence: Yes
Number of Units Total: 4
Exterior Features
Fence: None
Pool Private: No
County: Dekalb - GA
Acres: 0.50
Financial
Original Price: $1,150,000
Owner Financing: Yes
Gross Income: 70,200
Garage / Parking
Parking Features: Driveway, Parking Lot, Varies by Unit
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: Central Living Area
Interior Features
Security Ftr: Carbon Monoxide Detector(s)
Levels: Two
Lot Info
Lot Size Source: Public Records
Lot Features: Cul-De-Sac
Lot Size: 268 x 85
Misc
Property Attached: No
Home Warranty: Yes
Open House
Other
Property Info
Construction Materials: Brick, Brick 4 Sides
Year Built: 1,959
Property Condition: Updated/Remodeled
Roof: Shingle
Property Type: Residential Income
Rental Info
Land Lease: Yes
Special Features
Green Features: Appliances, HVAC, Water Heater, Windows
Special Listing Conditions: None
Special Circumstances: Investor Owned, Owner/Agent
Tax Info
Tax Amount Annual: 8055
Tax Year: 2,023
Tax Parcel Letter: 15-152-03-056
Unit Info
Utilities / Hvac
Cool System: Central Air
Heating: Central, Natural Gas
Utilities: Cable Available, Electricity Available, Natural Gas Available
Sewer: Public Sewer
Waterfront / Water
Water Body Name: None
Water Source: Public
Waterfront Features: None
Directions
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