3178 Nectarine CIR Decatur, GA 30034
871 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Orchard Lane
MLS Listing ID 7583740
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1973
Annual Tax Amount $2,200
Tax Year 2024
Lot Size 871 Sqft
Acres 0.02
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
Currently Rented to a Section 8 Tenant for $1360 per month. you will have instant income Section 8 GUARANTEED INCOME ... 9% CAP RATE...EXCELLENT CONDITION NEEDS NO WORK ..SECTION 8 INCOME ..
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!
Location
State GA
County Dekalb
Area Orchard Lane
Lake Name None
Interior
Heating Central
Cooling Central Air
Flooring Luxury Vinyl
Window Features Storm Window(s),Window Treatments
Exterior
Parking Features Carport, Garage, Level Driveway
Fence Back Yard
Community Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities, Water Available
Waterfront Description None
View Y/N Yes
View Other
Roof Type Asbestos Shingle
Accessibility Accessible Bedroom, Accessible Doors, Accessible Electrical and Environmental Controls, Accessible Elevator Installed, Accessible Entrance, Accessible Full Bath, Accessible Hallway(s), Accessible Kitchen
Handicap Access Accessible Bedroom, Accessible Doors, Accessible Electrical and Environmental Controls, Accessible Elevator Installed, Accessible Entrance, Accessible Full Bath, Accessible Hallway(s), Accessible Kitchen
Total Parking Spaces 2
Private Pool false
Building
Lot Description Cul-De-Sac
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Lap Siding
Construction Status Updated/Remodeled
Schools
Elementary Schools Bob Mathis
Middle Schools Chapel Hill - Dekalb
High Schools Southwest Dekalb
Others
Senior Community no
Tax ID 15 090 05 046
Acceptable Financing Cash
Listing Terms Cash
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