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1657 Richard Allen Drive

Decatur, GA 30032
  • $600,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 10119407
UPDATED: 67 min ago
$600,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2021
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

GREAT OPPORTUNITY FOR BUY AND HOLD INVESTORS. One of two identical properties (1663 Richard Allen is also available) situated next to each other in the dynamic Memorial Drive growth corridor. As this area continues to evolve the long term appreciation opportunity is a reality. Move in ready, new construction with all of the features and upgrades a high end rental property should have. Due to their prime location with easy access to Decatur Square, Emory, and Midtown the potential long term tenant for these properties most likely works at Emory, CDC. VA Hospital, and Childrens Healthcare. It's proximity to I20, I285 and MARTA adds to the rental value of these homes. Most recent rental comps support $4500 per month. Expect a Cap Rate of 8% and a NOI of $47,500 per year. There are no HOA restrictions or fees which makes them even more attractive an investment. CONSIDER RENTING SHORT TERM AND THE CAP RATE UPS TO OVER 10%. Perfect rental for the FILM INDUSTRY. If you are an agent working with the FILM and TV industry-this is your golden opportunity-just minutes to the new Assembly Studios/NBC Universal Doraville location. New residential development directly behind these homes start in January with 10 townhomes. Get your investor/buyer in on the ground floor.

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Georgia MLS logo© 2023 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Crest Realty are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Crest Realty. Data last updated: 2023-01-29T07:08:51.81.
www.crestrealtygafl.com/homes/135720273
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1657 Richard Allen Drive Decatur, GA 30032

  • Price: $600,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 67 min ago
  • MLS #: 10119407
0
Beds
0
Baths
0
½ Baths
0.3
Acres
2021
Built
Neighborhood:
White Oak
County:
Dekalb
Area:
DEKALB
Elementary School:
Peachcrest
Middle School:
Mary Mcleod Bethune
High School:
Towers
Property Description
GREAT OPPORTUNITY FOR BUY AND HOLD INVESTORS. One of two identical properties (1663 Richard Allen is also available) situated next to each other in the dynamic Memorial Drive growth corridor. As this area continues to evolve the long term appreciation opportunity is a reality. Move in ready, new construction with all of the features and upgrades a high end rental property should have. Due to their prime location with easy access to Decatur Square, Emory, and Midtown the potential long term tenant for these properties most likely works at Emory, CDC. VA Hospital, and Childrens Healthcare. It's proximity to I20, I285 and MARTA adds to the rental value of these homes. Most recent rental comps support $4500 per month. Expect a Cap Rate of 8% and a NOI of $47,500 per year. There are no HOA restrictions or fees which makes them even more attractive an investment. CONSIDER RENTING SHORT TERM AND THE CAP RATE UPS TO OVER 10%. Perfect rental for the FILM INDUSTRY. If you are an agent working with the FILM and TV industry-this is your golden opportunity-just minutes to the new Assembly Studios/NBC Universal Doraville location. New residential development directly behind these homes start in January with 10 townhomes. Get your investor/buyer in on the ground floor.
Exterior Features

Attached Garage YN No Carport YN No Construction Materials ConcreteStone FrameStucco Garage YN No Levels Two Lot Size Area 13068 Lot Size Source Public Records Lot Size Units Square Feet Parking Features Off Street Parking Total 2

Interior Features

Above Grade Finished Area Units Square Feet Basement Crawl Space Below Grade Finished Area Units Square Feet Building Area Units Square Feet Cooling Ceiling Fan(S)Central Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating CentralForced Air Heating YN Yes Living Area Units Square Feet

Property Features

Association Fee 0 Association Fee Includes None Association YN No Community Features Street LightsNear Public TransportWalk To SchoolsNear Shopping District 15 Es Bus Yn Yes Green Building Verification Type Energy Star Certified Homes Green Energy Efficient AppliancesDoorsInsulationThermostat Gross Income 54000 Hs Bus Yn Yes Land Lot 133 Ms Bus Yn Yes New Construction YN Yes Property Condition New Construction Property Sub Type Multi Family Sewer Public Sewer Special Listing Conditions Investor Owned Structure Type House Tax Annual Amount 8347 Tax Year 2022 Utilities Other Water Body Name None Water Source Public

GAMLS logo Listing provided courtesy of Bhhs Georgia Properties: 404-266-8100. © 2023 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2023 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Crest Realty are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Crest Realty. Data last updated: 2023-01-29T07:08:51.81.
 
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2512 Osborne Road
Saint Marys GA, 31558