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1523 Oakview Road

$1,250,000

1523 Oakview Road, Decatur, GA 30030

Active
Last Updated: 02/21/2024

54,963

NOI

4

Units

Details:
NOI:    $54,963
Units:    4
Year Built:    1957
Highlights:
  • Lot Features: Sloped
  • Gross Income: 81760
  • Bathrooms Total: 0
  • Cooling: Central Air
  • Heating: Forced Air
  • Construction Materials: Brick 4 Sides
  • Parking Features: Level Driveway
  • Accessibility Features: None
  • Security Features: None
  • Buyer Agency Compensation: 3
Description:

Quadruplex located in the city of Decatur in the walkable neighborhood of Oakhurst. All 4 units have been renovated with high end appliances, upgraded bathrooms, original hardwood floors and high-end washer/dryers. All units are 2 BR/1BA with 780 sqft/unit. Total sqft: 3,120. Annual Gross rents of $81,760. Expenses $26,797. Net Operating Income, $54,963/yr, with Excellent Appreciation potential. Upgrades include: all water and sewer lines replaced, electrical rewired, tankless water heaters, 7 year old HVAC units, and 3 year old roof. All units are currently rented and low vacancy rates. There are many possibilities for this gem such as possibly building something else on the back of the property, or short-term rentals.

Map:
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