Exceptional value-add quadruplex opportunity in rapidly growing Decatur, located within 1 mile of the new $29 million Candler Crossing shopping center featuring anchor tenant Publix along with additional retail and dining development. This four-unit multifamily property offers tremendous upside for investors seeking to renovate and reposition in a high-demand rental corridor. The property consists of four 2-bedroom, 1-bathroom units, including two upstairs units featuring original hardwood floors. The property is currently vacant, allowing immediate access for renovations and repositioning without tenant disruption. All units require full renovation, creating the opportunity to significantly increase rental income and overall asset value. A major capital improvement has already been completed with a new roof installed in 2024. Each unit is separately metered for gas and electricity, while the building is currently serviced by two water meters. Adding two additional water meters during renovation is recommended to further increase NOI and operational efficiency. Located on the bus line with convenient access to I-20, this property is positioned in an area experiencing strong redevelopment, retail expansion, and increasing rental demand. A member of the corporate holding entity holds a Georgia Salesperson License.
62 days
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393
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33
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Zillow last checked:
Listing updated:
Listed by:
Céline Higgins Evans470-309-1545,
Simply List
Source: GAMLS,MLS#: 10774278
Facts & features
Interior
Heating
Heat Pump, Natural Gas
Cooling
Window Unit(s)
Features
Basement: None
Has fireplace: No
Property
Parking
Total spaces: 4
Parking features: Off Street, Parking Pad
Has uncovered spaces: Yes
Features
Levels: One
Stories: 1
Body of water: None
Lot
Size: 0.27 Acres
Details
Parcel number: 15 151 09 045
Special conditions: Agent Owned
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family, Quadruplex
Materials
Brick
Condition
Resale
New construction: No
Year built: 1955
Utilities & green energy
Sewer: Public Sewer, Septic Tank
Water: Public
Utilities for property: Other
Community & HOA
Community
Features: Sidewalks, Street Lights, Near Public Transport
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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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