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Key Details
Sold Price $490,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Belvedere Park
MLS Listing ID 7763237
Sold Date 09/11/26
Construction Status Resale
HOA Y/N No
Year Built 1961
Annual Tax Amount $6,860
Tax Year 2025
Lot Size 3,863 Sqft
Acres 0.0887
Property Sub-Type Quadruplex
Source First Multiple Listing Service
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.
Location
State GA
County Dekalb
Area Belvedere Park
Lake Name None
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Window Features None
Exterior
Parking Features Parking Lot, Paved
Fence None
Community Features Homeowners Assoc, Near Public Transport, Near Schools, Near Shopping, Sidewalks, Street Lights, Other
Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available
Waterfront Description None
View Y/N Yes
View Trees/Woods
Roof Type Shingle
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Sloped
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick 4 Sides
Construction Status Resale
Schools
Elementary Schools Peachcrest
Middle Schools Mary Mcleod Bethune
High Schools Towers
Others
Senior Community no
Tax ID 15 184 19 014
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Century 21 Connect Realty
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