Bought with KiKi Jackson • Keller Williams Realty
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Key Details
Sold Price $35,500
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,440 sqft
Price per Sqft $24
Subdivision Orchard Lane Condominium
MLS Listing ID 10009957
Sold Date 02/10/22
Style Brick Front,Traditional
Bedrooms 3
Full Baths 2
Construction Status Fixer
HOA Fees $3,480
HOA Y/N Yes
Year Built 1973
Annual Tax Amount $1,136
Tax Year 2021
Lot Size 958 Sqft
Property Description
Special opportunity for a buy-and-hold investor to make over 12% per year net operating income, after cost of purchase and renovation! Yes, it needs a lot of work, especially the fire-damaged master bedroom and bath, but this size unit will rent for $1,000 to $1,300 per month. And Orchard Lane Condominium is just a mile and a half from the South River Trail access on Panthersville Rd. Close to Exchange Park, Georgia State University/Perimeter College, shopping, I-285, and I-20. Easy access to downtown Decatur and Atlanta.
Location
State GA
County Dekalb
Rooms
Basement None
Interior
Interior Features Separate Shower
Heating Natural Gas, Central, Forced Air
Cooling Electric, Central Air
Flooring Laminate, Other
Fireplaces Number 1
Fireplaces Type Living Room, Masonry
Exterior
Garage Assigned, Kitchen Level, Over 1 Space per Unit, Off Street
Garage Spaces 2.0
Community Features Street Lights, Walk To Public Transit, Walk To Shopping
Utilities Available Underground Utilities, Cable Available, Sewer Connected, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Water Available
Waterfront Description No Dock Or Boathouse
Roof Type Composition
Building
Story Two
Foundation Block, Slab
Sewer Public Sewer
Level or Stories Two
Construction Status Fixer
Schools
Elementary Schools Bob Mathis
Middle Schools Chapel Hill
High Schools Southwest Dekalb
Others
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
Financing Cash
Special Listing Condition Agent Owned, As Is, Investor Owned, Covenants/Restrictions
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Renee Stutts
REALTOR®/Sales Advisor | License ID: 408104
REALTOR®/Sales Advisor License ID: 408104