Description
7.19% cap rate at the current asking price. HIGHEST & BEST REQUESTED BY 8/15/2026 | NO SHOWINGS WITHOUT UPDATED POF FULLY OCCUPIED 4-UNIT INVESTMENT PROPERTY established in Belvedere Park! All four units are 2BR/1BA and currently produce $4, 745/month / $56, 940 annually in gross rents. Seller-reported stabilized NOI is approximately $36, 869, offering an attractive 7.19% cap. All units were fully updated as of March 2024, including HVAC, electrical, plumbing, flooring, appliances, lighting, and interior finishes. Each unit features an eat-in kitchen, laundry closet and functional 2BR/1BA layout. Electricity is individually metered through Georgia Power; water/sewer is on one master line with flat billing. HOA is approximately $280/month for the entire 4-unit building — not per unit. Interior foyer provides private access to all units, with covered rear patio space for the lower-level residences. Convenient to shopping, restaurants, public transportation, Downtown Decatur and surrounding redevelopment. Turnkey, income-producing asset with immediate cash flow and long-term upside. **Rent roll and seller-reported NOI available. Please do not disturb tenants.** Closing Atty: Heritage Closing Firm “THIS PROPERTY IS PURCHASED AS IS”
Address
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Address: 1610 Line Circle, Decatur, Georgia 30032
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City: Decatur
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State/county: GA
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Zip/Postal Code: 30032
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Area: BELVEDERE PARK/LINE CIRCLE APTS
Details
Updated on August 16, 2026 at 2:05 pm-
Property ID 7775029
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Price $512,500
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Land Area 0.0887 m²
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Year Built 1961
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Property Type Quadruplex, Residential Income
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Property Status Pending, For Sale
Additional details
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Roof Shingle
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Utilities Electricity Available, Sewer Available, Water Available
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Sewer Public Sewer
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Cooling Ceiling Fan(s), Central Air
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Heating Central
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County Dekalb - GA
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Property Type Residential Income
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Parking Attached
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Elementary School Dekalb - Other
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Middle School Dekalb - Other
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High School Dekalb - Other
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Community Features None
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Waterfront None
Mortgage Calculator
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- Jason Tatum