1627 Line CIR, Decatur, GA 30032
1627 Line CIR, Decatur, GA 30032
1627 Line CIR, Decatur, GA 30032
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$539,000
Est. payment /mo
3,876 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family,Quadruplex

Listing Status New

Purchase Type For Sale

Subdivision Belevedere Park Apartments

MLS Listing ID 10770535

HOA Y/N Yes

Year Built 1961

Annual Tax Amount $6,319

Tax Year 25

Lot Size 3,876 Sqft

Acres 0.089

Lot Dimensions 3876.84

Property Sub-Type Multi Family,Quadruplex

Source Georgia MLS 2

Property Description

Strong investment opportunity in Decatur with this well-maintained 4-unit multifamily property located in an established area 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.

Location

State GA

County Dekalb

Rooms

Bedroom Description No

Basement Crawl Space

Interior

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Fireplace No

Laundry In Unit

Exterior

Parking Features Over 1 Space per Unit

Community Features Sidewalks, Street Lights, Near Public Transport, Near Shopping

Utilities Available Electricity Individual Meters

View Y/N No

Garage No

Private Pool No

Building

Faces USE GPS

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction No

Schools

Elementary Schools Peachcrest

Middle Schools Mary Mcleod Bethune

High Schools Towers

Others

HOA Fee Include Insurance,Maintenance Grounds,Other,Private Roads,Reserve Fund

Tax ID 15 184 19 014

Special Listing Condition Resale


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Georgia MLS - GAMLS
Terin Delisser

Terin Delisser

Broker | License ID: 368799

+1(678) 427-2662

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1627 Line CIR