9 Quail Run RUN Decatur, GA 30035
3 Beds
2.5 Baths
1,771 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,771 sqft
Price per Sqft $69
Subdivision Hillside
MLS Listing ID 7599115
Style Townhouse
Bedrooms 3
Full Baths 2
Half Baths 1
Construction Status Resale
HOA Y/N Yes
Year Built 1973
Annual Tax Amount $2,906
Tax Year 2024
Lot Size 1,306 Sqft
Acres 0.03
Property Sub-Type Condominium
Source First Multiple Listing Service
Property Description
Attention Savvy Investors and Portfolio Builders! Seize this rare opportunity to acquire a high-performing, turnkey rental asset in a sought-after Decatur location. This renovated condo is an investor's dream, delivering immediate cash flow from day one with a strong tenant already in place. Generating an impressive $2,150 in gross monthly rent, the numbers on this property speak for themselves, projecting a robust ~9.82% CAP RATE after factoring in HOA fees, taxes, insurance, and a conservative 20% reserve for vacancy and maintenance.
This is not a typical listing. This property has undergone a rigorous, data-driven VALID™ Financial Assessment, ensuring the financial projections are transparent and vetted for performance. The work has been done for you – acquire the asset and start collecting rent. This is the definition of a strategic portfolio addition.
Priced aggressively for a swift transaction, this is your chance to secure a powerful income-producing property without the headaches of renovation and tenant placement.
CRITICAL INFORMATION FOR ALL BUYERS AND AGENTS:
1. PROPERTY IS SOLD STRICTLY "AS-IS": The property is offered in its current condition. The seller will make NO repairs, warranties, or concessions. Buyer is responsible for all due diligence.
2. PROPERTY IS SOLD "AS OCCUPIED": This property is tenant-occupied and will be sold with the tenant in place. The buyer will assume the current lease and tenant. There will be NO vacant delivery.
3. DO NOT DISTURB TENANTS: Under NO circumstances should anyone approach the property or disturb the tenants. All showings and inquiries MUST be scheduled and coordinated exclusively through the listing agent. Unauthorized contact will result in immediate disqualification of the offer.
Showing Instructions: All showings require proof of funds or a lender pre-approval letter for an investor loan. 24--hour notice is required.
Location
State GA
County Dekalb
Area Hillside
Lake Name None
Rooms
Bedroom Description Other
Other Rooms None
Basement None
Dining Room None
Kitchen None
Interior
Interior Features High Ceilings 9 ft Main
Heating Central
Cooling Central Air
Flooring Luxury Vinyl
Fireplaces Type None
Equipment None
Window Features Double Pane Windows
Appliance Dishwasher, Refrigerator
Laundry Other
Exterior
Exterior Feature Awning(s), Rain Gutters
Parking Features Parking Lot
Fence None
Pool None
Community Features None
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available
Waterfront Description None
View Y/N Yes
View Other
Roof Type Composition
Street Surface Asphalt
Accessibility None
Handicap Access None
Porch None
Private Pool false
Building
Lot Description Other
Story Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Townhouse
Level or Stories Two
Structure Type Wood Siding
Construction Status Resale
Schools
Elementary Schools Dekalb - Other
Middle Schools Dekalb - Other
High Schools Dekalb - Other
Others
Senior Community no
Restrictions false
Tax ID 16 009 02 037
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Financing no
