1610 Line Circle, Decatur, Georgia image 1
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1610 Line Circle

Decatur, GA 30032
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$512,500 $2,160/Mo
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Bed --

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Bath 0

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Acres0.09

Acre(Lot)

7.19% cap rate at the current asking price. HIGHEST & BEST REQUESTED BY 8/15/2026 | NO SHOWINGS WITHOUT UPDATED POF FULLY OCCUPIED 4-UNIT INVESTMENT PROPERTY established in Belvedere Park! All four units are 2BR/1BA and currently produce $4,745/month / $56,940 annually in gross rents. Seller-reported stabilized NOI is approximately $36,869, offering an attractive 7.19% cap. All units were fully updated as of March 2024, including HVAC, electrical, plumbing, flooring, appliances, lighting, and interior finishes. Each unit features an eat-in kitchen, laundry closet and functional 2BR/1BA layout. Electricity is individually metered through Georgia Power; water/sewer is on one master line with flat billing. HOA is approximately $280/month for the entire 4-unit building — not per unit. Interior foyer provides private access to all units, with covered rear patio space for the lower-level residences. Convenient to shopping, restaurants, public transportation, Downtown Decatur and surrounding redevelopment. Turnkey, income-producing asset with immediate cash flow and long-term upside. **Rent roll and seller-reported NOI available. Please do not disturb tenants.** Closing Atty: Heritage Closing Firm "THIS PROPERTY IS PURCHASED AS IS"

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Detail Ic Property Details

Property Type : Residential Income

Price : $512,500

AD Id : 79041831

MLS Id : 7775029

Lot Size : 0.09 Acre

Tax Amount : 6343.00

Year Built : 1961

County : Dekalb

Subdivision: None Available

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Feature Features

  • Roofing Information

    Shingle

  • Interior Features

    Roof: Shingle Window Features: Aluminum Frames

  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Ceiling Fan(s), Central Air

  • Building Information

    Year Built: 1961 Construction Materials: Brick, Frame Private Pool: No View: Neighborhood

  • Lot Information

    Lot Dimensions: x Lot Size Acres: 0.0887 Lot Size Source: Public Records Lot Description: Level

    Property Information

    Subdivision: BELVEDERE PARK/LINE CIRCLE APTS Source Property Type: Residential Income Postal Code Plus 4: 3360 Property SubType: Quadruplex Levels: Two Property Age: 65

  • Listing Price Information

    Listing Price: $512500 Original Price: $600000

  • Tax Information

    Parcel Number: 15 184 19 019 Tax Year: 2025 Annual Tax: $6343 Tax Legal Desc: GSCCCA

  • Parking Information

    Attached

    Garage Information

    Has Attached Garage: Yes

  • School Information

    Elementary School: Dekalb - Other
    Junior High School: Dekalb - Other
    Senior High School: Dekalb - Other

  • Utility Information

    Electricity Available, Sewer Available, Water Available

  • Location Information

    Direction: google - glenwood to line street or Memorial drive to line street WaterSource: Public Security Features: Carbon Monoxide Detector(s)
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ByOwner last updated this listing 09/13/2026 @ 18:35

MLS: 7775029 LISTED BY: Danielle Moore, Real Time Realty Of Georgia, LLC. 404-902-8935 SOURCE: First Multiple Listing Service (FMLS)

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