9 Quail Run Decatur, GA 30035
Southwest DeKalb NeighborhoodEstimated payment $884/month
Highlights
- Ceiling height of 9 feet on the main level
- Luxury Vinyl Tile Flooring
- Wood Siding
- Double Pane Windows
- Central Heating and Cooling System
About This Home
INVESTOR ALERT! 9.82% CAP RATE - Turnkey, Tenanted Decatur Condo - PRICED FOR PERFORMANCE!
Attention Savvy Investors and Portfolio Builders! Seize this rare opportunity to acquire a high-performing, turnkey rental asset in a sought-after Decatur location. This renovated condo is an investor's dream, delivering immediate cash flow from day one with a strong tenant already in place. Generating an impressive $2,150 in gross monthly rent, the numbers on this property speak for themselves, projecting a robust ~9.82% CAP RATE after factoring in HOA fees, taxes, insurance, and a conservative 20% reserve for vacancy and maintenance.
This is not a typical listing. This property has undergone a rigorous, data-driven VALIDTM Financial Assessment, ensuring the financial projections are transparent and vetted for performance. The work has been done for you – acquire the asset and start collecting rent. This is the definition of a strategic portfolio addition.
Priced aggressively for a swift transaction, this is your chance to secure a powerful income-producing property without the headaches of renovation and tenant placement.
CRITICAL INFORMATION FOR ALL BUYERS AND AGENTS:
1. PROPERTY IS SOLD STRICTLY "AS-IS": The property is offered in its current condition. The seller will make NO repairs, warranties, or concessions. Buyer is responsible for all due diligence.
2. PROPERTY IS SOLD "AS OCCUPIED": This property is tenant-occupied and will be sold with the tenant in place. The buyer will assume the current lease and tenant. There will be NO vacant delivery.
3. DO NOT DISTURB TENANTS: Under NO circumstances should anyone approach the property or disturb the tenants. All showings and inquiries MUST be scheduled and coordinated exclusively through the listing agent. Unauthorized contact will result in immediate disqualification of the offer.
Showing Instructions: All showings require proof of funds or a lender pre-approval letter for an investor loan. 24--hour notice is required.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $2,906
Year Built
- Built in 1973
Lot Details
- 1,307 Sq Ft Lot
- Lot Dimensions are 43 x 31
- Two or More Common Walls
Parking
- Parking Lot
Home Design
- Slab Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 1,771 Sq Ft Home
- 2-Story Property
- Ceiling height of 9 feet on the main level
- Double Pane Windows
- Awning
- Luxury Vinyl Tile Flooring
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- Dual Vanity Sinks in Primary Bathroom
- Bathtub and Shower Combination in Primary Bathroom
Outdoor Features
- Rain Gutters
Utilities
- Central Heating and Cooling System
- 110 Volts
- Phone Available
- Cable TV Available
Community Details
- Property has a Home Owners Association
- 55 Units
- Hillside Subdivision
Listing and Financial Details
- Assessor Parcel Number 16 009 02 037
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,906 | $65,280 | $10,000 | $55,280 |
| 2023 | $2,906 | $49,560 | $10,000 | $39,560 |
| 2022 | $2,038 | $45,880 | $1,600 | $44,280 |
| 2021 | $882 | $19,560 | $1,600 | $17,960 |
| 2020 | $487 | $10,560 | $1,600 | $8,960 |
| 2019 | $675 | $14,840 | $1,600 | $13,240 |
| 2018 | $788 | $14,840 | $1,600 | $13,240 |
| 2017 | $433 | $9,280 | $1,600 | $7,680 |
| 2016 | $477 | $10,240 | $400 | $9,840 |
| 2014 | $361 | $7,440 | $400 | $7,040 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2025 08/14/25 | Price Changed | $121,500 | -0.8% | $69 / Sq Ft |
| 07/07/2025 07/07/25 | For Sale | $122,500 | -- | $69 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $341,050 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $65,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $28,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $248,500 | New Conventional | |
| Previous Owner | $125,000 | New Conventional | |
| Previous Owner | $38,800 | No Value Available |
Source: First Multiple Listing Service (FMLS)
MLS Number: 7599115
APN: 16-009-02-037
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