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3 Beds
2 Baths
1,292 SqFt
SOLD DATE : 11/27/2024
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,292 sqft
Price per Sqft $85
Subdivision Waldrop Park
MLS Listing ID 7465501
Sold Date 11/27/24
Style Mid-Rise (up to 5 stories)
Bedrooms 3
Full Baths 2
Construction Status Resale
HOA Fees $225
HOA Y/N Yes
Originating Board First Multiple Listing Service
Year Built 2006
Annual Tax Amount $1,831
Tax Year 2023
Lot Size 1,001 Sqft
Acres 0.023
Property Description
Investors, take advantage of this outstanding opportunity at 1301 Waldrop Place in Decatur, GA! This home offers excellent investment potential, currently rented at $1,500 per month with a lease in place until June 1, 2025. The existing rental agreement ensures immediate cash flow, making it an ideal addition to your real estate portfolio.
This well-kept 3-bedroom, 2 bathroom Condo features a practical and open floor plan designed for comfortable living. The spacious living room is perfect for relaxing or entertaining guests, while the adjacent dining area offers plenty of space for meals or gatherings. The kitchen comes equipped with modern appliances, ample cabinetry, and generous countertop space, making meal preparation a breeze.
The primary bedroom features an en-suite bathroom with a tub/shower combination, providing a relaxing retreat. The two additional bedrooms are also well-sized and share another full bathroom with a similar tub/shower combo. Each room is designed to maximize comfort and functionality, making it an appealing option for tenants.
Situated in a convenient location, the property is close to shopping, dining, schools, and public transportation. It's also just a short drive to major highways, making commuting to downtown Atlanta or surrounding areas easy and efficient.
For investors, this property is a rare find—a fully occupied, income-generating asset with no need for immediate tenant search or property marketing. The $1,500 monthly rent provides consistent cash flow, while the long-term lease offers stability and peace of mind. As Decatur continues to be a sought-after area for renters, this property's location and features make it a smart and solid investment choice.
1301 Waldrop Place checks all the boxes. With its prime location, steady rental income, and renter-friendly design, this home offers exceptional value for both seasoned and new investors.
Location
State GA
County Dekalb
Lake Name None
Rooms
Bedroom Description None
Other Rooms None
Basement None
Main Level Bedrooms 3
Dining Room Open Concept
Interior
Interior Features Other
Heating Electric, Forced Air
Cooling Central Air
Flooring Luxury Vinyl
Fireplaces Type None
Window Features Double Pane Windows
Appliance Dishwasher, Electric Range, Electric Water Heater, Refrigerator
Laundry In Hall
Exterior
Exterior Feature Lighting
Parking Features Assigned
Fence None
Pool None
Community Features Dog Park, Homeowners Assoc, Public Transportation, Park
Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available
Waterfront Description None
View Trees/Woods
Roof Type Composition
Street Surface Asphalt
Accessibility None
Handicap Access None
Porch None
Total Parking Spaces 1
Private Pool false
Building
Lot Description Level
Story One
Foundation None
Sewer Public Sewer
Water Public
Architectural Style Mid-Rise (up to 5 stories)
Level or Stories One
Structure Type Vinyl Siding
New Construction No
Construction Status Resale
Schools
Elementary Schools Oak View - Dekalb
Middle Schools Cedar Grove
High Schools Cedar Grove
Others
HOA Fee Include Maintenance Structure
Senior Community no
Restrictions true
Tax ID 15 071 05 009
Ownership Condominium
Financing no
Special Listing Condition Real Estate Owned
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