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$512,500
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
|
0 |
$6,343 |
1961 |
|
On the market:
120 days
|
View full details, photos, school info, and price history
7.19% cap rate at the current asking price.
HIGHEST & BEST REQUESTED BY 8/15/2026 | NO SHOWINGS WITHOUT UPDATED POF
FULLY OCCUPIED 4-UNIT INVESTMENT PROPERTY established in Belvedere Park! All four units are 2BR/1BA and currently produce $4,745/month / $56,940 annually in gross rents. Seller-reported stabilized NOI is approximately $36,869, offering an attractive 7.19% cap.
All units were fully updated as of March 2024, including HVAC, electrical, plumbing, flooring, appliances, lighting, and interior finishes. Each unit features an eat-in kitchen, laundry closet and functional 2BR/1BA layout. Electricity is individually metered through Georgia Power; water/sewer is on one master line with flat billing. HOA is approximately $280/month for the entire 4-unit building — not per unit.
Interior foyer provides private access to all units, with covered rear patio space for the lower-level residences.
Convenient to shopping, restaurants, public transportation, Downtown Decatur and surrounding redevelopment. Turnkey, income-producing asset with immediate cash flow and long-term upside.
**Rent roll and seller-reported NOI available. Please do not disturb tenants.**
Closing Atty: Heritage Closing Firm
"THIS PROPERTY IS PURCHASED AS IS"
Listing courtesy of Danielle Moore, Real Time Realty Of Georgia, LLC.