$488,250
$549,900
11.2%For more information regarding the value of a property, please contact us for a free consultation.
8,712 Sqft Lot
SOLD DATE : 09/09/2020
Key Details
Sold Price $488,250
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Decatur Heights
MLS Listing ID 6727604
Sold Date 09/09/20
Construction Status Updated/Remodeled
HOA Y/N No
Originating Board FMLS API
Year Built 1958
Annual Tax Amount $7,808
Tax Year 2019
Lot Size 8,712 Sqft
Acres 0.2
Property Description
BRING ALL OFFERS - This cozy triplex is truly a beautiful piece of art. It's been recently renovated, and is currently fully occupied. Some rents are below market rent, giving you the ability to purchase this property and add extra value to this property. At the end of Fairview street, about 100 feet away from the subject property is Glenn Creek Nature Preserve. It is a 2 acre walking trail with lush nature scenery. This property is very close to the CDC, Emory, the VA Hospital, shopping, farmer's markets, and loads of restaurants/breweries. This triplex offers a plethora of opportunity ranging from purchasing with a conventional, FHA, or VA loan with the goal of living in one unit for free/cheaply while bringing in income on the other two units, or buying this property solely as an investment property and collecting loads of cash flow each month. On top of the handsome cashflow opportunity that this property brings, residential property in the City of Decatur Highschool area has appreciated over 100% in the past 10 years alone! (According to FMLS's "Stats") - BRING ALL OFFERS!
One owner of the property is a property manager and is willing to continue managing the property for 6% of gross rent + 1/2 months rent on new rentals.
Location
State GA
County Dekalb
Area 52 - Dekalb-West
Lake Name None
Interior
Heating Heat Pump
Cooling Ceiling Fan(s), Heat Pump
Window Features Shutters
Exterior
Garage Driveway, Paved
Fence Chain Link
Community Features Near Marta, Near Trails/Greenway, Park, Public Transportation, Restaurant, Sidewalks, Street Lights, Other
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Other
Roof Type Shingle
Accessibility None
Handicap Access None
Parking Type Driveway, Paved
Total Parking Spaces 1
Building
Lot Description Cul-De-Sac, Sloped, Wooded
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block, Brick 4 Sides
New Construction No
Construction Status Updated/Remodeled
Schools
Elementary Schools New Glennwood
Middle Schools Renfroe
High Schools Decatur
Others
Senior Community no
Tax ID 18 007 05 024
Special Listing Condition None
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Bought with Keller Williams Rlty, First Atlanta
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