2279 Columbia Drive, Decatur, GA 30032

$320,000 Asking Price

4 beds
2 baths
1,946  sqft
Built in 1959

2279 Columbia Dr is a high-performing rental with in-place tenants generating strong cash flow at a 10% cap rate (approximate based on $2600-2700 monthly NOI). Decatur is a growing market with strong rental demand, and this location offers easy access to highways 20 and 285. The home is recently updated to maximize rental value. As a corner lot, it has potential pull behind driveway expansion possibilities. Past financials and pro-forma projections available in documents on Matrix. DO NOT DISTURB TENANTS. No showings until under contract to protect the privacy of the tenants. Investor-owned, no seller property disclosures provided.


Features & Amenities

Interior

General:
Other
Rooms:
Other
Appliances:
Dishwasher, Electric Oven
Laundry:
Laundry Room
Basement:
Daylight, Exterior Entry, Finished, Finished Bath
Flooring:
Vinyl, Wood
A/C:
Ceiling Fan(s), Central Air
Heating:
Central
Fireplace:
Fireplaces: 0
Disability Feature:
None
Eco/Green Feature:
Appliances, HVAC, None

Exterior

General:
Private Yard
Style:
Other
Pool:
None
Parking:
Carport

Construction

Roofing:
Shingle
Windows:
None
General:
Brick 4 Sides, Multi/Split, Slab

Location

Road/Access:
City Street
Originating MLS:
First Multiple Listing Service
County:
Dekalb - GA

Lot

Zoning:
All that tract or parcel of land lying and being in Land Lot 134 of the 15th District, DeKalb County, Georgia, being Lot 2, Block A, Unit One, Casa Linda Estates Subdivision, per palt recorded in Plat Book 30, page 8, DeKalb County, Georgia Records, which plat is incorporated herein and made a part thereof. Being improved property known as #2279 Columbia Dr, according to the present system of numbering houses in DeKalb County, Georgia., 15 135 04 002
View:
City
Fencing:
Back Yard

Utilities

Utilities:
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, 110 Volts
Water:
Public
Sewer:
Public Sewer

Financial

Source:
First Multiple Listing Service

This listing courtesy of:
CPM Partners, LLC, Aaron Shoemaker

About Decatur, GA

Housing

Number of Units
83,220
Median Home Value
$264,217
Median Rent
$964

44.30% of housing units are renter occupied.

9.55% are vacant.

Commute

Car
58.40%
Public Transportation
6.82%
Walk to Work
1.58%
Work from Home
31.94%
Other
0.96%

The median travel time to work is 24 minutes.

People

Population
178,311
Median Age
39.00
Median Household Size
2.52

Education

High School
24.37%
Associate’s Degree
7.30%
Bachelor’s Degree
22.62%
Graduate Degree
19.52%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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