- 3 beds
- 2.5 baths
- – sqft
- 1,307 sqft lot
- 1973 build
- – on site
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.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Jul 8, 2025
•
MLS# 10559637 —
The Building
-
Year Built:1973
-
Construction Materials:Wood Siding
-
Architectural Style:Contemporary, Other
-
Structure Type:Other
-
Roof:Composition
-
Foundation Details:Slab
-
Levels:Two
-
Basement:None
-
Living Area Source:Public Records
-
Common Walls:2+ Common Walls
-
Window Features:Double Pane Windows
Interior
-
Interior Features:High Ceilings
-
Flooring:Laminate
-
Rooms:Other
Financial & Terms
-
Home Warranty:No
-
Possession:Close Of Escrow
Location
-
Latitude:33.710514
-
Longitude:-84.192609
The Property
-
Property Type:Residential
-
Property Subtype:Townhouse
-
Property Condition:Resale
-
Lot Features:Other
-
Lot Size Acres:0.03
-
Lot Size Source:Public Records
-
Parcel Number:16-009-02-037
-
Leased Land:No
-
Waterfront Footage:No
Listing Agent
- Contact info:
- Agent phone:
- (404) 255-8655
- Office phone:
- (404) 255-8655
Taxes
-
Tax Year:2024
-
Tax Annual Amount:$2,906
Beds
-
Bedrooms:3
-
Bed Upper Level:3
Baths
-
Full Baths:2
-
Upper Level Full Baths:2
-
Half Baths:1
-
Main Half Baths:1
Heating & Cooling
-
Heating:Central
-
Cooling:Central Air
Utilities
-
Utilities:Cable Available, Electricity Available, Phone Available, Sewer Available
-
Sewer:Public Sewer
-
Water Source:Public
Appliances
-
Appliances:Dishwasher, Refrigerator
-
Laundry Features:Other
Schools
-
Elementary School:Other
-
Middle School:Other
-
High School:Other
The Community
-
Subdivision:HILLSIDE
-
Community Features:None
-
Association:Yes
-
Association Fee Includes:Other
Parking
-
Parking Features:Off Street
Monthly cost estimate

Asking price
$122,500
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$655
|
Taxes | $242 |
Insurance | $33 |
Utilities | N/A |
Total | $930/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/8/25
Jul 8, 2025
|
Listed / Active | GAMLS | $122,500 |