39-Unit Value-Add Multifamily Opportunity in Decatur, GA off Memorial Drive

1609 Line St Decatur, GA 30032

1609 Line St, Decatur, GA, 30032
1609 Line St, Decatur, GA, 30032
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$4,875,000
Last Verified:
Apr 30, 2024

Highlights

  • Prime location just south of Decatur off of Memorial Drive (Inside I-285)
  • Value-add opportunity to renovate units and increase rents (4 units recently renovated)
  • Mix of 1 bed/1 bath flats, 2 bed/1.5 bath townhomes and 3 bed/1.5 bath townhomes
  • Spacious floorplans with eat-in kitchens, large bedrooms and private outdoor space
  • On-site laundry
  • All units have individual central HVAC
  • Open greenspaces throughout
  • Abundant parking for residents
  • Easy access to Decatur, Kirkwood, Oakhurst, East Lake, I-285 and I-20

Description

39-unit, value-add, multifamily opportunity in prime location just south of Decatur off of Memorial Drive (Inside I-285). Mix of spacious 1 bed/ 1 bath flats, 2 bed/ 1.5 bath townhomes and 3 bed/1.5 bath townhomes. Abundant parking for residents, onsite laundry and open greenspaces throughout.



Decatur, GA


Year Built: 1965
Building Size: 50192sq ft
Lot Size: 3.44 acres


Documents

Offering Memorandum

Map of 1609 Line St, Decatur, GA, 30032

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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