Josephine Kay
BEDS0
BATHS
MLS#7763237
STATUS
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBelvedere Park
SCHOOLPeachcrest - Towers
Property Description
Price improvement! Fully occupied 4-unit multifamily property in Decatur with all 2BR/1BA units and current in-place rents totaling $4,965/month, or $59,580 annualized. June and July rent have both been collected at the current rent roll, supporting the property's current stabilized income position. The property is located in an established rental area near shopping ( new Publix Coming), transit, and major roadways, offering immediate income with additional upside potential. Two units have been updated, including one unit fully renovated in 2024 with updated finishes, granite countertops, and stainless steel appliances. The remaining units offer additional upside through future cosmetic updates and rent growth. Each unit features a functional 2-bedroom, 1-bathroom layout with strong rental appeal. The property has four separate electric meters, with tenants paying electric, and one water meter currently handled through a flat billing structure. Regular HOA dues are approximately $280/month and include landscaping, trash, street lights, and road maintenance. Buyer-facing financials are available upon request. Please do not disturb tenants.
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: 51
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: Josephine Kay
Agent Phone: (678) 826-8565
Agency Title: Crye-Leike Real Estate Services
Source: FMLS
Estimate Your Payment
Estimated Payment
$ 1,892.96 per month $1,168.20 Principal & Interest $571.67 Property Tax $153.10 Homeowner's InsuranceChange Payment Information
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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 $524,900. Line Circle is located within the Peachcrest - Towers school district. Search Decatur real estate on josephinekay.crye-leike.com today.