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 was appraised below last Appraisal at $850,000! Each unit is spacious, total gross living area is 3,764 sqft. Each unit floor plan and style is varies.
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, 3764 sqft. Each unit floor plan and style are varies.Full Kitchen with stainless steel appliances, Washer/Dryer. Rear bottom level access. Owner has tenant in place at $1600. Market rent - $1,800.00.
Total current market rent is $5,100/ month. Estimate market rent is $6,000/month.
Property has 2 NEW AC UNITS / 3 NEW Furnace. New Appliances throughout. Roof replaced in 2016. 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.
