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About This Home
This 0-bedroom, 0-bathroom residential multi family at 1627 Line Circle in Decatur, GA is listed for $539,000. Built in 1961, on a 0.09 acres lot.
Strong investment opportunity in Decatur with this well-maintained 4-unit multifamily property located in an established area near shopping and transit with consistent rental demand. Offering immediate income with additional upside potential, this property is well-positioned for both new and experienced investors.
All units are currently occupied with stable rental history. Two units have been updated, including one unit fully renovated in 2024, featuring granite countertops and stainless steel appliances. The remaining two units offer additional upside potential through cosmetic updates and future rent growth.
Each unit features a functional 2 bedroom, 1 bathroom layout with strong rental appeal. The property includes separate electric meters for each unit and a single water meter that is currently flat billed. Current in-place rents total $4,965 per month. Stabilized rental income is projected at approximately $5,200-$5,600 per month based on market rents. With a combination of stable in-place income and future upside potential, this property is a strong addition to any investment portfolio.
Key Features
- Built in 1961
- 0.09 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$2,883/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1627 Line Circle
Decatur, GA 30032
Belevedere Park Apartments
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 1627 Line Circle is listed at $539,000. The estimated monthly payment is $2,336 based on 20% down at 6.5% interest.
Key features include: Built in 1961, 0.09 acre lot, 2 stories.
This property is listed by Lynae Mamey and can be reached at 8657483574 or bgirlblueberry@msn.com.
