Price improvement! Fully occupied 4-unit multifamily property in Decatur with all 2BR/1BA units and current in-place rents totaling $4,965/month, or $59,580 annualized. June and July rent have both been collected at the current rent roll, supporting the property's current stabilized income position. The property is located in an established rental area near shopping ( new Publix Coming), transit, and major roadways, offering immediate income with additional upside potential. Two units have been updated, including one unit fully renovated in 2024 with updated finishes, granite countertops, and stainless steel appliances. The remaining units offer additional upside through future cosmetic updates and rent growth. Each unit features a functional 2-bedroom, 1-bathroom layout with strong rental appeal. The property has four separate electric meters, with tenants paying electric, and one water meter currently handled through a flat billing structure. Regular HOA dues are approximately $280/month and include landscaping, trash, street lights, and road maintenance. Buyer-facing financials are available upon request. Please do not disturb tenants.
68 days
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663
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60
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Zillow last checked:
Listing updated:
Listed by:
Lynae Mamey865-748-3574,
Keller Williams Realty
Source: GAMLS,MLS#: 10770535
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Heating
Central, Electric
Cooling
Ceiling Fan(s), Central Air, Electric
Appliances
Laundry: In Unit
Features
Basement: Crawl Space
Has fireplace: No
Property
Parking
Parking features: Over 1 Space per Unit
Features
Levels: Two
Stories: 2
Lot
Size: 3,876 Square Feet
Details
Parcel number: 15 184 19 014
Special conditions: Agent/Seller Relationship,Covenants/Restrictions
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family, Quadruplex
Materials
Brick
Condition
Resale
New construction: No
Year built: 1961
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Individual Meters
Community & HOA
Community
Features: Sidewalks, Street Lights, Near Public Transport, Near Shopping
Subdivision: Belevedere Park Apartments
HOA
Has HOA: Yes
Services included: Insurance, Maintenance Grounds, Other, Private Roads, Reserve Fund
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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