Description
21 working-class rental units on 19 parcels, conveniently located in close proximity to each other within the booming 30032 zip code. 100% Occupancy. Current rents average $1, 216/month — $25, 550/month gross — against a market rate average of $1, 582. That gap is intentional. There are many long term tenants and every unit that turns has potential to be a profitable flip, cosmetic renovation and rent bump or just re-lease at the same price. The 30032 zip code sits on I-20 and near I285 with direct access to Downtown Atlanta, East Atlanta Village, and Hartsfield-Jackson. The Avondale MARTA station is nearby. These are practical amenities that keep working-class renters in place. The corridor is moving. Belvedere Plaza at Memorial Drive and Columbia Drive just landed a $24.3 million redevelopment backed by a $3 million Decide DeKalb grant — four national retailers and a full-service grocery anchor coming in 2027. DeKalb County’s long-range plan calls for mixed-use and multifamily density along Memorial Drive. That’s not speculation. That’s a unanimous board vote and a developer writing a real check. Publix is opening a second store on Glenwood close to these properties. The play is straightforward. Collect $25, 550/month while you hold. Renovate as units turn. Re-lease at market rate. A fully repositioned portfolio at $1, 582/month gross clears over $33, 200/month. Or flip individual renovated units as retail sales. Working-class housing. Below-market rents. I-20 access. A corridor with institutional money coming in behind it.
Address
Open on Google Maps-
Address: 1860 S Columbia Place, Decatur, Georgia 30032
-
City: Decatur
-
State/county: GA
-
Zip/Postal Code: 30032
-
Area: BELVEDERE
Details
Updated on September 12, 2026 at 11:42 am-
Property ID 7836741
-
Price $3,950,000
-
Land Area 0.15 m²
-
Year Built 1950
-
Property Type Other, Residential Income
-
Property Status Active, For Sale
Additional details
-
Listing Terms 1031 Exchange, Cash
-
Roof Composition
-
Utilities Electricity Available, Natural Gas Available, Sewer Available
-
Sewer Public Sewer
-
Cooling Central Air
-
Heating Central
-
Flooring Hardwood
-
County Dekalb - GA
-
Property Type Residential Income
-
Parking Carport, Driveway
-
Elementary School Dekalb - Other
-
Middle School Dekalb - Other
-
High School Dekalb - Other
-
Community Features None
-
Waterfront None
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees
- Jason Tatum