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, Decatur, GA 30034
3beds
1,292sqft
Condominium, Residential
Built in 2006
-- sqft lot
$105,700 Zestimate®
$85/sqft
$1,615 Estimated rent
Home value
$105,700
$95,000 - $117,000
$1,615/mo
Zestimate® history
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$1,615/mo
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$780/mo
Est. payment
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Est. payment
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Zillow last checked: 8 hours ago
Listing updated: December 06, 2024 at 10:54pm
Listing Provided by:
Doris Armstrong,
LoKation Real Estate, LLC 404-348-0420
Bought with:
Shaneka McAndrews, 422214
Keller Williams Realty Signature Partners
Source: FMLS GA,MLS#: 7465501
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Features: None
- Level: None
Bedroom
- Features: None
Primary bathroom
- Features: Tub/Shower Combo
Dining room
- Features: Open Concept
Kitchen
- Features: None
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
- Laundry: In Hall
Features
- Other
- Flooring: Luxury Vinyl
- Windows: Double Pane Windows
- Basement: None
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No One Above
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
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: None
- Exterior features: Lighting
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Trees/Woods
- Waterfront features: None
- Body of water: None
Lot
- Size: 1,001 sqft
- Features: Level
Details
- Additional structures: None
- Parcel number: 15 071 05 009
- Special conditions: Real Estate Owned
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Residential
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: None
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 2006
Utilities & green energy
- Electric: None
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Sewer Available, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & neighborhood
Security
- Security features: Fire Alarm, Smoke Detector(s)
Community
- Community features: Dog Park, Homeowners Assoc, Public Transportation, Park
Location
- Region: Decatur
- Subdivision: Waldrop Park
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $225 monthly
- Services included: Maintenance Structure
- Association phone: 888-722-6669
Other
Other facts
- Ownership: Condominium
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 11/27/2024 | Sold | $110,000-8.3%$85/sqft |
Source:  FMLS GA #7465501 Report a problem | ||
| 11/12/2024 | Pending sale | $120,000$93/sqft |
Source: FMLS GA #7465501 Report a problem | ||
| 11/6/2024 | Listed for sale | $120,000$93/sqft |
Source: FMLS GA #7465501 Report a problem | ||
| 10/11/2024 | Listing removed | $120,000$93/sqft |
Source: FMLS GA #7465501 Report a problem | ||
| 10/4/2024 | Listed for sale | $120,000+400%$93/sqft |
Source: FMLS GA #7465501 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,943 -1.9% | $43,200 -2.1% |
| 2024 | $1,982 +8.2% | $44,120 +8.3% |
| 2023 | $1,831 +45.9% | $40,720 +45.2% |
Find assessor info on the county website
Neighborhood: 30034
Nearby schools
GreatSchools rating
- 4/10Oakview Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Cedar Grove Middle SchoolGrades: 6-8Distance: 1.9 mi
- 2/10Cedar Grove High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Oak View - DeKalb
- Middle: Cedar Grove
- High: Cedar Grove
Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$105,700
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
$105,700
- Georgia
- Dekalb County
- Decatur
- 30034
- 1301 Waldrop Pl