$815,000
$849,900
4.1%For more information regarding the value of a property, please contact us for a free consultation.
0.4 Acres Lot
SOLD DATE : 03/23/2021
Key Details
Sold Price $815,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Oakhurst
MLS Listing ID 6784764
Sold Date 03/23/21
Construction Status Resale
HOA Y/N No
Originating Board FMLS API
Year Built 1910
Annual Tax Amount $10,809
Tax Year 2019
Lot Size 0.400 Acres
Acres 0.4
Property Description
When it comes to incorporating real estate as a portion of your overall portfolio, there are a few boxes you want to tick to ensure that your investment is a worthwhile one. First, an ideal property is located in a perennial part of town, for instance, something close to Emory, Agnes Scott, and the CDC (not to mention the walkable lifestyle options offered by a neighborhood like Decatur) help ensure demand for the long run. Second, an investment-owner doesn't want a lot of surprises, so something newly renovated goes a long way toward ensuring that their investment doesn't become a money pit. Third, while single-family homes have long been the rage, there are downsides: there's a lot to be said for a multi-unit setup, where all of your tenants are under the same roof. Fourth, small units at competitive-but-substantial prices help maintain a roster of professionally minded tenants who are simply more likely to treat your property with respect. The list goes on, but those are the big ones' points thoroughly covered (with a discernible sense of wraparound-porch charm, we might add) by 411 S. Candler Street in the City of Decatur, a historic, spit-polished, quintessentially Southern quadruplex that's ready to move into, just six minutes by bike from Decatur Square (with plenty of extra space for parking out back). Bottom line: we see each of these wood-floored, independently accessible, stainless appliance-equipped, one-bed/one-bath units renting for about $1,400 per month by today's market standard.
Location
State GA
County Dekalb
Area 52 - Dekalb-West
Lake Name None
Interior
Heating Central
Cooling Central Air
Window Features None
Exterior
Parking Features Parking Lot
Fence None
Community Features Near Marta, Near Schools, Near Shopping, Near Trails/Greenway, Park, Playground, Public Transportation, Restaurant, Sidewalks, Street Lights
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View City
Roof Type Composition
Accessibility None
Handicap Access None
Building
Lot Description Level, Other
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Frame
New Construction No
Construction Status Resale
Schools
Elementary Schools Winnona Park/Talley Street
Middle Schools Renfroe
High Schools Decatur
Others
Senior Community no
Tax ID 15 214 01 007
Special Listing Condition None
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Bought with Non FMLS Member