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Alex Olu

alexander.olu@evatlanta.com +1(512) 796-5871

$ 122,500

Est. payment -/mo

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New

9 Quail Run RUN Decatur, GA 30035

3 Beds

2.5 Baths

1,306 Sqft Lot

UPDATED:

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

HOA Y/N Yes

Year Built 1973

Annual Tax Amount $2,906

Tax Year 2024

Lot Size 1,306 Sqft

Acres 0.03

Lot Dimensions 1306.8

Property Sub-Type Townhouse

Source Georgia MLS 2

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

Rooms

Basement None

Interior

Interior Features High Ceilings

Heating Central

Cooling Central Air

Flooring Laminate

Fireplace No

Appliance Dishwasher, Refrigerator

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

Garage No

Private Pool No

Building

Lot Description Other

Faces GPS Friendly

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

HOA Fee Include Other

Tax ID 1600902037

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Resale

Alex Olu

Real Estate Advisor | License ID: 386304

+1(512) 796-5871

Alex Olu

9 Quail Run RUN Decatur, GA 30035

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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9 Quail Run RUN