3,863 Sqft Lot
3,863 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Subdivision Belvedere Park/Line Circle Apts
MLS Listing ID 7775029
Construction Status Resale
HOA Y/N No
Year Built 1961
Annual Tax Amount $6,343
Tax Year 2025
Lot Size 3,863 Sqft
Acres 0.0887
Property Sub-Type Quadruplex
Source First Multiple Listing Service
Property Description
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"
Location
State GA
County Dekalb
Area Belvedere Park/Line Circle Apts
Lake Name None
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Window Features Aluminum Frames
Exterior
Parking Features Attached
Fence None
Community Features None
Utilities Available Electricity Available, Sewer Available, Water Available
Waterfront Description None
View Y/N Yes
View Neighborhood
Roof Type Shingle
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Level
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick,Frame
Construction Status Resale
Schools
Elementary Schools Dekalb - Other
Middle Schools Dekalb - Other
High Schools Dekalb - Other
Others
Senior Community no
Tax ID 15 184 19 019
Nearby Locations