545 Oakview Rd 4 Unit Apartment Building $1,125,000 ($281,250/Unit) Decatur, GA 30030
INVESTMENT HIGHLIGHTS
- All units renovated/updated 2021
- Highly desirable Oakhurst community
- Excellent school district
EXECUTIVE SUMMARY
FANTASTIC OPPORTUNITY CLOSE TO THE HEART OF DECATUR! Here's your opportunity to own this beautifully updated 4-unit quadruplex in the highly desirable community of Oakhurst. With an abundance of natural light, updated LVP flooring, high ceilings throughout, this uniquely hidden property sits on a quiet street making it the perfect addition to your investment portfolio. Featuring light & bright newly updated kitchens with stainless-steel appliances, new farm sinks, and cabinetry space galore. Other features include a new roof, newly updated bathrooms with gorgeous tile and new flooring, stackable washer & dryer in units 1, 2, and 4 with unit 3 accessing the shared laundry area. The oversized living space in each unit will be a delight to your tenants. Located within walking distance of neighborhood hangouts such as the Oakhurst Park, Oakhurst Dog Park, and well known neighborhood eateries including Sceptre Brewing Arts and Mezcalito's Cantina. All 4 units currently leased. Potential for owner to reside onsite and receive income from tenants in other units. Management company in place at a very reasonable 6% monthly fee on gross income. Water/Trash/Sewer is an additional $100 each month. Tenant must set up electric and gas and any other utilities/services on their own. Owner will enjoy a $390 monthly reimbursement from the City for the water.
PROPERTY FACTS
| Price | $1,125,000 |
| Price Per Unit | $281,250 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Building Size | 3,592 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Zoning | R60 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Family Room
- Freezer
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | - | 796 - 870 |
| 3+1 | 2 | - | 926 - 1,000 |
1 of 1
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 15-214-04-018 | Improvements Assessment | $282,360 |
| Land Assessment | $61,240 | Total Assessment | $343,600 |
