$109,500
$16K PRICE DROP

Estimated payment $779/month

Total Views 9,806
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Accessible Bedroom
  • Accessible Entrance
  • Accessible Hallway
  • Accessible Doors
  • Accessible Full Bathroom
  • Accessible Washer and Dryer

About This Home

Turnkey 1,440 square ft rental investment just outside the perimeter. This is an excellent opportunity to own a spacious two-story rental in a professionally managed, non-rent-restricted community just minutes from Atlanta. This cash-flowing rental exceeds the 1% rule in an up-and-coming pocket within the city of Decatur, representing a strong value-add opportunity for savvy investors. The location offers exceptional tenant appeal close to Flat Shoals Crossing shopping center for groceries and dining, and surrounded by outdoor amenities like Flat Shoals Creek, the Michelle Obama Trail, and Rainbow Park. Even more exciting, the rental is steps from The Gallery at South DeKalb, which is set to undergo a multi-million dollar redevelopment into a major MARTA bus transit hub by 2026. This future connectivity will make commuting to and from Atlanta even easier, enhancing the area's long-term rental demand. Owner is selling as part of a broader portfolio shift. A rare chance to invest in a high-demand, rapidly growing area!

Listing Agent

Zen Kramer

Ansley Real Estate| Christie's International Real Estate License #446159 Listed on: 04/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,204

Year Built

  • Built in 1973

Lot Details

  • 871 Sq Ft Lot
  • Lot Dimensions are 48x20
  • Brick Fence

Home Design

  • Fixer Upper
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property

Parking

  • 1 Parking Space
  • Parking Lot

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom
  • Accessible Kitchen
  • Kitchen Appliances
  • Accessible Hallway
  • Accessible Washer and Dryer
  • Accessible Doors
  • Accessible Entrance

Schools

  • Bob Mathis Elementary School
  • Chapel Hill - Dekalb Middle School
  • Southwest Dekalb High School

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • Orchard Lane Subdivision

Listing and Financial Details

  • Tax Lot 90
  • Assessor Parcel Number 15 090 06 023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,204

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Standard Status: Active
  • Property Type: Residential Income
  • MLS Status: Active
  • Property Condition: Fixer
  • Year Built: 1973
  • Accessibility Features: Accessible Bedroom, Accessible Doors, Accessible Entrance, Accessible Full Bath, Accessible Hallway(s), Accessible Kitchen, Accessible Kitchen Appliances, Accessible Washer/Dryer
  • Levels Stories: Two
  • Special Features: None
  • Property Sub Type: MultiFamily

Property Details

  • Property: Residential Income

Interior Features

  • Window Features: None

Exterior Features

  • Construction Materials: Frame
  • Roof Type: Composition
  • Fencing: Brick
  • Pool Private: No

Garage/Parking

  • Number Of Parking Spaces: 1
  • Parking Features: Parking Lot

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Heating: Forced Air
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Subdivision Complex: Orchard Lane

Schools

  • Elementary School: Bob Mathis
  • Middle School: Chapel Hill - Dekalb
  • High School: Southwest Dekalb

Lot Info

  • Acres: 0.0200
  • Lot: 90
  • Land/Lot: 90
  • Deed Book: 3036
  • Deed Page: 176
  • Plat Book: 3
  • Plat Page: 124
  • Lot Dimensions: 48X20
  • Parcel Number: 15 090 06 023
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Rental Info

  • Furnished: Unfurnished

Multi Family

  • Unit Count: 1
  • Number Of Units Total: 1

Tax Info

  • Taxes: 2204.00
  • Assessor Parcel Number: 15-090-06-023
  • Tax Year: 2024

MLS Schools

  • Elementary School: Bob Mathis
  • High School: Southwest Dekalb
  • Middle School: Chapel Hill - Dekalb

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,204 $42,000 $2,760 $39,240
2023 $2,204 $23,720 $3,200 $20,520
2022 $1,511 $27,840 $3,200 $24,640
2021 $1,255 $22,000 $3,200 $18,800
2020 $1,116 $18,840 $3,200 $15,640
2019 $898 $13,880 $1,600 $12,280
2018 $738 $12,400 $1,600 $10,800
2017 $1,049 $16,680 $1,600 $15,080
2016 $1,217 $21,000 $1,040 $19,960
2014 $552 $5,800 $760 $5,040
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2025 09/02/25 Price Changed $109,500 -4.4% --
07/09/2025 07/09/25 Price Changed $114,500 -4.2% --
05/19/2025 05/19/25 Price Changed $119,500 -4.4% --
04/11/2025 04/11/25 For Sale $125,000 +19.0% --
09/07/2023 09/07/23 Sold $105,000 0.0% $73 / Sq Ft
09/07/2023 09/07/23 Sold $105,000 -4.5% $73 / Sq Ft
08/23/2023 08/23/23 Pending -- -- --
08/23/2023 08/23/23 For Sale $110,000 0.0% $76 / Sq Ft
04/05/2023 04/05/23 For Sale $110,000 0.0% $76 / Sq Ft
05/25/2021 05/25/21 Rented $1,000 0.0% --
04/29/2021 04/29/21 For Rent $1,000 0.0% --
10/18/2013 10/18/13 Sold $14,511 -2.6% $10 / Sq Ft
09/11/2013 09/11/13 Pending -- -- --
09/03/2013 09/03/13 For Sale $14,900 +2.7% $10 / Sq Ft
08/31/2013 08/31/13 Off Market $14,511 -- --
07/19/2013 07/19/13 Price Changed $14,900 -25.1% $10 / Sq Ft
07/04/2013 07/04/13 Price Changed $19,900 -33.4% $14 / Sq Ft
06/03/2013 06/03/13 For Sale $29,900 -- $21 / Sq Ft
Source: First Multiple Listing Service (FMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $105,000 --
Warranty Deed $14,511 --
Warranty Deed $23,066 --
Foreclosure Deed $23,066 --
Deed $46,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $25,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Source: First Multiple Listing Service (FMLS)

MLS Number: 7558660

First Multiple Listing Service (FMLS)

APN: 15-090-06-023