Description
Investor alert! 9.82% cap rate - turnkey, tenanted decatur condo - priced for performance! attention savvy investors and portfolio builders! seize this rare opportunity to acquire a high-performing, turnkey rental asset in a sought-after decatur location. this renovated condo is an investor's dream, delivering immediate cash flow from day one with a strong tenant already in place. generating an impressive $2,150 in gross monthly rent, the numbers on this property speak for themselves, projecting a robust ~9.82% cap rate after factoring in hoa fees, taxes, insurance, and a conservative 20% reserve for vacancy and maintenance. this is not a typical listing. this property has undergone a rigorous, data-driven validtm financial assessment, ensuring the financial projections are transparent and vetted for performance. the work has been done for you - acquire the asset and start collecting rent. this is the definition of a strategic portfolio addition. priced aggressively for a swift transaction, this is your chance to secure a powerful income-producing property without the headaches of renovation and tenant placement. critical information for all buyers and agents: 1. property is sold strictly "as-is": the property is offered in its current condition. the seller will make no repairs, warranties, or concessions. buyer is responsible for all due diligence. 2. property is sold "as occupied": this property is tenant-occupied and will be sold with the tenant in place. the buyer will assume the current lease and tenant. there will be no vacant delivery. 3. do not disturb tenants: under no circumstances should anyone approach the property or disturb the tenants. all showings and inquiries must be scheduled and coordinated exclusively through the listing agent. unauthorized contact will result in immediate disqualification of the offer. showing instructions: all showings require proof of funds or a lender pre-approval letter for an investor loan. 24--hour notice is required.
Property Type
ResidentialSubdivision
HillsideCounty
DeKalbStyle
OtherAD ID
50369992
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 3
- Bedrooms On Upper Level: 3
- Bedrooms On Lower Level: 0
- Main Bedrooms: 0
- Room Type: Other
- Window Features: Double Pane Windows
Bathroom Information
- Total Baths: 2
- Full Baths: 2
- Half Baths: 1
- Full Baths Main: 0
- Baths Full Lower: 0
- Baths Full Upper: 2
Water/Sewer
- Water Source: Public
- Water BodyName: NONE
- Sewer: Public Sewer
Interior Features
- High Ceilings
Appliances
- Dishwasher,Refrigerator
Utilities
- Cable Available,Electricity Available,Phone Available,Sewer Available
Cooling Features
- Central Air
Heating Source
- Central
Fireplace
- Number of Fireplaces: 0
-
Exterior Features
Building Information
- Built Year: 1973
- Roof Type: Composition
- Basement: None
Foundation
- Slab
Laundry Features
- Other
Construction Materials
- Wood Siding
Property Condition
- Resale
-
Property / Lot Details
Lot Information
- Lot Size (Acr): 0.03
- Lot Size Source: Public Records
- Lot Features: Other
Property Information
- Property Type: Residential
- Property Sub Type: Townhouse
- Structure Type: Other
- Subdivision: HILLSIDE
- City: Decatur
- State: GA
- Directions: GPS Friendly
- Property Status: New
-
Listing Information
Listing Price Information
- Original List Price: $122,500
-
Taxes / Assessments
Tax Information
- Annual Tax: $2906
- Tax Year: 2024
Home Warranty
- Home Warranty Paid: No
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking: 0
- Parking Features: Off Street
Homeowners Association Information
- Association: Yes
- Association Fee Includes: Other
-
School, Utilities & Location Details
School Information
- Elementary School: Out of Area
- High School: Out of Area
- Middle School: Other
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Byowner are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.
BuyOwner last updated this listing 07/20/2025 @ 01:05
- MLS: 10559637
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: Georgia MLS
is a Home, with 3 bedrooms which is recently sold, it has 0 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.