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1663 Richard Allen Drive

Decatur, GA 30032
  • $600,000
  • STATUS: Active
  • ON SITE: 45 Days
  • MLS #: 7154082
UPDATED: 43 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 (1657 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 potentail long term tenant for these properties most likely work at Emory, CDC. VA Hospital, and Childrens Healthcare. It's proximity to I20, I285 and MARTA adds to the rental value of these home. 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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First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2023 First Multiple Listing Service, Inc. Data last updated 2023-01-30T13:04:50.017. For issues regarding this website, please contact BoomTown.
www.northatlantahometeam.com/homes/135441554
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1663 Richard Allen Drive Decatur, GA 30032

  • Price: $600,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 43 min ago
  • MLS #: 7154082
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 (1657 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 potentail long term tenant for these properties most likely work at Emory, CDC. VA Hospital, and Childrens Healthcare. It's proximity to I20, I285 and MARTA adds to the rental value of these home. 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

Construction Materials Cement SidingFrameStucco Dock None Fencing Back YardWood Land Lot 133 Lot Features Sloped Number Of Parking Spaces 2 Open Parking YN Yes Parking Features Driveway Roof Type CompositionTar/GravelOther Stories Two View Other Waterfront Features None Window Features Double Pane WindowsInsulated Windows

Interior Features

Cooling Ceiling Fan(S)Central Air Flooring CarpetCeramic TileLaminate Furnished Unfurnished Heating CentralForced Air

Property Features

Accessibility Features None Community Features Near MartaNear SchoolsNear ShoppingStreet Lights Green Building Certifications Energy Star Certified Homes Green Energy Efficient AppliancesDoorsHvacInsulationWater HeaterWindows Green Energy Generation None Lot Size Dimensions 248 X 50 Number Of Units Total 1 Occupant Type Vacant Owner Financing No Property Attached YN No Property Condition New Construction Proposed Financing CashConventional School Bus Route Elementary Yes School Bus Route High Yes School Bus Route Middle Yes Security Features Carbon Monoxide Detector(S) Sewer Public Sewer Special Circumstances Investor Owned Special Listing Conditions None Tax Year 2022 Taxes 8347 Type Other Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Water Source Public

Listing provided courtesy of Berkshire Hathaway Homeservices Georgia Properties: [IDXCONTACTINFORMATION].


First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2023 First Multiple Listing Service, Inc. Data last updated 2023-01-30T13:04:50.017. For issues regarding this website, please contact BoomTown.
 
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