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Map
$629,667*
●
Multifamily -
Off Market
1663 Richard Allen Drive
Decatur, GA 30032
Studio
0 Bath
$540,000 - $660,000
Reference Base Price*
4.94%
Since Mar 1, 2023
GA-Atlanta
Primary Model
About This Property
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.
Unit Size
-
Days on Market
-
Land Size
0.30 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1935
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 3, 2023 | No longer available | - | |
No longer available | |||
Dec 15, 2022 | Listed | $600,000 | |
Listed |
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
House
4
Beds
2
Baths
2,108 ft²
$284/ft²
$599,180
Jan 1, 2023
-
$438/mo
Active
House
4
Beds
3
Baths
2,215 ft²
$316/ft²
$699,900
Oct 27, 2022
-
$471/mo
Active
House
3
Beds
2.5
Baths
2,513 ft²
$287/ft²
$720,000
Jan 24, 2023
-
-
Active
House
4
Beds
3.5
Baths
2,889 ft²
$234/ft²
$675,000
Jan 28, 2022
-
$137/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
12/02/2021
|
|
3 Bed
|
3 Bath
|
2800 ft²
|
$824,999
3 Bed
3 Bath
2800 ft²
|
-
-
|
-
|
Kameron Bain
Keller Williams Realty
|