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.
Closed
$110,000
1301 Waldrop Pl #1301, Decatur, GA 30034
3beds
1,292sqft
Condominium, Mid Rise
Built in 2006
-- sqft lot
$109,000 Zestimate®
$85/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: December 06, 2024 at 07:06am
Listed by:
Doris L. Armstrong 954-732-1182,
Lokation Real Estate LLC
Bought with:
Shaneka Nelson, 422214
Keller Williams Realty
Source: GAMLS,MLS#: 10390221

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Water Heater, Oven/Range (Combo), Refrigerator
- Laundry: In Hall
Features
- Other
- Flooring: Vinyl
- Windows: Double Pane Windows
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,292
- Total interior livable area: 1,292 sqft
- Finished area above ground: 1,292
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Assigned
Features
- Levels: One
- Stories: 1
Lot
- Size: 1,001 sqft
- Features: None
Details
- Parcel number: 15 071 05 009
- Special conditions: Agent Owned
Construction
Type & style
- Home type: Condo
- Architectural style: Other
- Property subtype: Condominium, Mid Rise
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 2006
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Sewer Connected, Water Available
Community & neighborhood
Community
- Community features: Park
Location
- Region: Decatur
- Subdivision: Waldrop Park
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $225 annually
- Services included: Maintenance Grounds, Maintenance Structure
Other
Other facts
- Listing agreement: Exclusive Right To Sell
Services availability
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Estimated market value
$109,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$109,000