3178 Nectarine CIR Active Save Request In-Person Tour Request Virtual Tour
Decatur,GA 30034
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Orchard Lane
MLS Listing ID 7583740
Year Built 1973
Annual Tax Amount $2,200
Tax Year 2024
Lot Size 871 Sqft
Property Sub-Type Other
Property Description
Turnkey 1.100 square ft rental investment just outside the perimeter. This is an excellent opportunity to own a spacious one story rental in a professionally managed, non-rent-restricted community just minutes from Atlanta. 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
Interior
Heating Central
Cooling Central Air
Flooring Luxury Vinyl
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 Other
Roof Type Asbestos Shingle
Building
Lot Description Cul-De-Sac
Story One
Sewer Public Sewer
Water Public
Structure Type Lap Siding
New Construction No
Schools
Elementary Schools Bob Mathis
Middle Schools Chapel Hill - Dekalb
High Schools Southwest Dekalb
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None