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Decatur,GA 30035
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status New
Purchase Type For Sale
Subdivision Hillside
MLS Listing ID 10559637
Style Contemporary,Other
Bedrooms 3
Full Baths 2
Half Baths 1
Year Built 1973
Annual Tax Amount $2,906
Tax Year 2024
Lot Size 1,306 Sqft
Property Sub-Type Townhouse
Property Description
INVESTOR ALERT! 9.82% CAP RATE - Turnkey, Tenanted Decatur Condo - PRICED FOR PERFORMANCE! Attention Savvy Investors and Portfolio Builders! Seize this rare opportunity to acquire a high-performing, turnkey rental asset in a sought-after Decatur location. This renovated condo is an investor's dream, delivering immediate cash flow from day one with a strong tenant already in place. Generating an impressive $2,150 in gross monthly rent, the numbers on this property speak for themselves, projecting a robust ~9.82% CAP RATE after factoring in HOA fees, taxes, insurance, and a conservative 20% reserve for vacancy and maintenance. This is not a typical listing. This property has undergone a rigorous, data-driven VALIDTM Financial Assessment, ensuring the financial projections are transparent and vetted for performance. The work has been done for you - acquire the asset and start collecting rent. This is the definition of a strategic portfolio addition. Priced aggressively for a swift transaction, this is your chance to secure a powerful income-producing property without the headaches of renovation and tenant placement. CRITICAL INFORMATION FOR ALL BUYERS AND AGENTS: 1. PROPERTY IS SOLD STRICTLY "AS-IS": The property is offered in its current condition. The seller will make NO repairs, warranties, or concessions. Buyer is responsible for all due diligence. 2. PROPERTY IS SOLD "AS OCCUPIED": This property is tenant-occupied and will be sold with the tenant in place. The buyer will assume the current lease and tenant. There will be NO vacant delivery. 3. DO NOT DISTURB TENANTS: Under NO circumstances should anyone approach the property or disturb the tenants. All showings and inquiries MUST be scheduled and coordinated exclusively through the listing agent. Unauthorized contact will result in immediate disqualification of the offer. Showing Instructions: All showings require proof of funds or a lender pre-approval letter for an investor loan. 24--hour notice is required.
Location
State GA
County Dekalb
Interior
Heating Central
Cooling Central Air
Flooring Laminate
Laundry Other
Exterior
Parking Features Off Street
Community Features None
Utilities Available Cable Available,Electricity Available,Phone Available,Sewer Available
View Y/N No
Roof Type Composition
Building
Lot Description Other
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Wood Siding
New Construction No
Schools
Elementary Schools Out Of Area
Middle Schools Other
High Schools Out Of Area
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Resale