BEDS0
BATHS
MLS#7763237
STATUS
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBelvedere Park
SCHOOLPeachcrest - Towers
Property Description
Strong investment opportunity in Decatur with this well-maintained 4-unit multifamily property located in an established area near shopping and transit with consistent rental demand. Offering immediate income with additional upside potential, this property is well-positioned for both new and experienced investors.All units are currently occupied with stable rental history. Two units have been updated, including one unit fully renovated in 2024, featuring granite countertops and stainless steel appliances. The remaining two units offer additional upside potential through cosmetic updates and future rent growth.Each unit features a functional 2 bedroom, 1 bathroom layout with strong rental appeal. The property includes separate electric meters for each unit and a single water meter that is currently flat billed. Current in-place rents total $4,965 per month. Stabilized rental income is projected at approximately $5,200?$5,600 per month based on market rents. With a combination of stable in-place income and future upside potential, this property is a strong addition to any investment portfolio
Property Features
Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s), Central Air
Heating: Central
Lot Size: 0.09 Acres
Roof Type: Shingle
Taxes: $6,860
Year Built: 1961
Feature Descriptions
Days on Site: 3
Exterior: Brick 4 Sides
Lot: Sloped
Lot Dimensions: x
Neighborhood Amenities: Homeowners Assoc, Near Public Transport, Near Schools, Near Shopping, Sidewalks, Street Lights, Other
Parking Notes: Parking Lot, Paved
Parking Total: 0
Sewer: Public Sewer
Special View Info: Trees/Woods
Units: 4
Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
Water: Public
Local Schools
High School: Towers
Middle School: Mary McLeod Bethune
Elementary School: Peachcrest
School District: Peachcrest - Towers
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty Peachtree Rd.
Agency Phone: 404-419-3500
Shown By
Agent Name: Terry Womack
Agent Phone: (423) 529-0037
Agency Title: Crye-Leike Real Estate Services
Source: FMLS
Estimate Your Payment
Estimated Payment
$ 1,928.46 per month $1,199.58 Principal & Interest $571.67 Property Tax $157.21 Homeowner's Insurance
1627 Line Circle | MLS# 7763237
This multi-family property located at 1627 Line Circle, Decatur, GA 30032 is currently listed for sale with an asking price of $539,000. Line Circle is located within the Peachcrest - Towers school district. Search Decatur real estate on terrywomack.crye-leike.com today.