1610 Line Circle, Decatur, GA 30032
- $512,500
- List Price
- $512,500
- Price Change
- ▲ $12,500 1786496841
- MLS#
- 7775029
- Status
- PENDING
- Type
- Multifamily
- Subtype
- Quadruplex
- Lot Size
- 0.0887
- Subdivision
- Belvedere Park/Line Circle Apts
Property Description
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"
Additional Information
- Stories
- Two
- Construction
- Brick, Frame
- Year Built
- 1961
- Neighborhood Amenities
- None
- Roof
- Shingle
- Lot Dimensions
- x
- Parking
- Attached
- Lot Desc
- Level
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Dekalb - Other
- Middle School
- Dekalb - Other
- High School
- Dekalb - Other
- Acres
- 0.09
- Levels
- Two
- Gross Income
- 4745
- Taxes
- $6,343
Listing courtesy of Real Time Realty Of Georgia, LLC..
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