$3,500,000
$1M PRICE DROP

Estimated payment $23,018/month

Total Views 7,193
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • No HOA
  • Property is near schools
  • Ceiling Fan
  • Park
  • Central Heating and Cooling System

About This Home

*15 properties total * Gross Rents: $305,988, Cap Rate 5.5% Updates and renovations to the interiors, improved landscaping, and kept the exteriors well-maintained *Tile, Carpets, LVT in all properties *Located in neighborhoods with strong rental demand, these sought-after areas are highly attractive to investors, offering excellent value retention and, in many cases, increasing property values * Mix of 3 and 4 bedroom single family homes * Qualified & stable Tenants * Separate meters and systems - tenants pay all utilities * Tenants maintain the landscaping *Please do not visit homes without an appointment *Please do not disturb tenants *932 Martha Drive, Forest Park GA 30297 *10091 Silent Trail, Jonesboro, GA 30238 *7960 E. Field Drive, Douglasville, GA 30134 *312 Laurel Lane, Stockbridge, GA 30281 *181 Cave Springs Court, Ellenwood 30294 *3713 Stanford Circle, Decatur, GA 30034 *6538 Voyles Drive, Riverdale, GA 30274 *5720 Lakeside Drive, Union City, GA 30291 * 6370 Veracruse Drive, Morrow GA 30260 *4503 Dogwood Farms Drive, Decatur 30034 *10199 Foxfire Terrace, Jonesboro GA 30238 *9011 Homewood Drive, Riverdale GA 30274 *5652 Saint Thomas Drive, Lithonia, GA 30058 *4077 Ballina Drive, Decatur, GA, 30034 * 145 Springvalley Way, Stockbridge 30281.

Listing Agent

Hillary Dukes

BHHS Georgia Properties License #374679 Listed on: 10/11/2024

BHHS Georgia Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $52,437

Year Built

  • Built in 1973 | Remodeled

Lot Details

  • 0.4 Acre Lot

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Laundry in unit

Location

  • Property is near schools
  • Property is near shops

Schools

  • Chapel Hill Elementary And Middle School
  • Southwest Dekalb High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

Recreation

  • Park

Additional Features

  • No Home Owners Association
  • Operating Expense $112,437

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$52,437

Year Built

Built in 1973 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • District: 5
  • Year Built: 1973
  • Levels: Two
  • Lot Size Acres: .40
  • Structure Type: Other
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: None

Exterior Features

  • Construction Materials: Vinyl Siding
  • Foundation Details: Slab
  • Property Condition: Updated/Remodeled

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Heating: Central, Electric, Natural Gas
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Utilities: Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Park, Street Lights, Walk To Schools, Walk To Shopping

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Chapel Hill
  • High School: Southwest Dekalb
  • High School Bus: No
  • Middle School: Chapel Hill
  • Middle School Bus: No
  • Elementary School: Chapel Hill
  • Middle School: Chapel Hill
  • High School: Southwest Dekalb

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2023
  • Tax Annual Amount: 52437

Multi Family

  • OperatingExpense: 112437

MLS Schools

  • Elementary Bus Line: No

Map

Range of Values:

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Average Value
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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 $5,173 $107,520 $16,000 $91,520
2023 $5,173 $106,560 $16,000 $90,560
2022 $3,339 $67,760 $5,920 $61,840
2021 $3,183 $64,200 $5,920 $58,280
2020 $2,094 $39,400 $5,920 $33,480
2019 $2,094 $39,400 $5,920 $33,480
2018 $2,093 $56,960 $5,920 $51,040
2017 $2,107 $38,360 $5,920 $32,440
2016 $1,159 $17,972 $2,532 $15,440
2014 $1,428 $23,480 $5,920 $17,560
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2025 04/12/25 Price Changed $3,500,000 -16.7% --
12/21/2024 12/21/24 Price Changed $4,200,000 -6.1% --
11/16/2024 11/16/24 Price Changed $4,475,000 -5.3% --
10/11/2024 10/11/24 For Sale $4,725,000 -- --
Source: Georgia MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $98,530 --
Warranty Deed $57,000 --
Warranty Deed $44,942 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $45,900 New Conventional
Source: Public Records

Source: Georgia MLS

MLS Number: 10394165

Georgia MLS

APN: 15-067-01-041