3589 Paddock Drive Decatur GA 30034, MLS# 7124487
Decatur, GA 30034
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 1969Year Built
- 0.40Acres
- MLS# 7124487
- Multifamily
- Other
- Active
- Approx Time on Market1 year, 7 months, 1 day
- AreaN/A
- CountyDekalb - GA
- SubdivisionN/A
Overview
A high-performance, turnkey investment property generating over $51,300 in annual rent! A seasoned PadSplit, this home is in a great location and was completely renovated in 2019. Close to expressways, shopping, and public transportation. This property is sold with a master lease to a corporate tenant with over 12 years of experience owning and operating assets like this. An experienced third-party property manager is also available, making this property ideal for any investor, no matter their capacity. The net income has been rising monthly since the owners have adopted a new Superhost (management company) in March 2022. Please see attached documents for financials and additional information. Living room and dining room currently repurposed as bedrooms. This amazing coliving opportunity helps people to save money, live closer to work, and enjoy a comfortable, affordable lifestyle.
Association Fees / Info
Hoa: No
Community Features: Near Marta, Near Schools, Near Shopping, Public Transportation, Restaurant, Street Lights
Bathroom Info
Building Info
Habitable Residence: Yes
Number of Units Total: 1
Exterior Features
Fence: Chain Link
Pool Private: No
County: Dekalb - GA
Acres: 0.40
Financial
Original Price: $359,900
Operating Expense: 29574
Net Operating Income: 21,741
Owner Financing: Yes
Gross Income: 51,315
Garage / Parking
Parking Features: Carport
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: None
Levels: One
Lot Info
Lot Size Source: Public Records
Lot Features: Other
Lot Size: 203 x 112
Misc
Property Attached: No
Home Warranty: Yes
Open House
Other
Property Info
Construction Materials: Brick 4 Sides
Year Built: 1,969
Property Condition: Resale
Roof: Composition, Shingle
Property Type: Residential Income
Rental Info
Land Lease: Yes
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: Corporate Owner, Investor Owned, Sold As/Is
Tax Info
Tax Amount Annual: 4900
Tax Year: 2,022
Tax Parcel Letter: 15-101-07-011
Unit Info
Utilities / Hvac
Cool System: Central Air
Heating: Forced Air, Natural Gas
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Sewer: Public Sewer
Waterfront / Water
Water Body Name: None
Water Source: Public
Waterfront Features: None
Directions
From the City of Decatur, take Columbia Drive south to left on Rainbow Drive to right on Cocklebur Road to right on Cocklebur Trail, take a right on Preakness Drive to right on Paddock Drive.Listing Provided courtesy of Keller Williams Realty Metro Atlanta