9 Quail Run Run
Decatur, GA 30035
3 beds | 2 baths | 0.03 acres | #7599115
Description
INVESTOR ALERT! 9.82% CAP RATE - Turnkey, Tenanted Decatur Condo - PRICED FOR PERFORMANCE!
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. Contact Listing Agent for details
Property Details
- Utility FeaturesCable Available, Electricity Available, Phone Available, Sewer Available
- InteriorHigh Ceilings 9 ft Main
- Exterior MaterialsAwning(s), Rain Gutters
- Elementary SchoolDekalb - Other
- Middle SchoolDekalb - Other
- High SchoolDekalb - Other
- Sewer InformationPublic Sewer
- Parking FeaturesParking Lot
- CountyDekalb - GA
- Property SubtypeCondominium
- StyleTownhouse
- Property TypePurchase
- SubdivisionHILLSIDE
- Original List Price$122,500
- MLS #7599115
- MLS #7599115
- Utility SourcePublic
- Taxes Annual$2,906
- Cost122500
- Property ConditionResale
- ViewOther
- Lot DescriptionOther
- Acres0.03
- Year Built1973
- Bedrooms3
- Bathrooms2
- Full Baths1
- Half Baths2
Location
Legal
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Last Updated: . Source: FMLS
Listing Courtesy
Listing Agent: J C Fagundes (#FAGUNDES)
Listing Office: YOLO Realty GA, LLC (#YOLO01)
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