Decatur Quadplex
Fully Occupied Cash-flowing Quadplex
Marketing description
1627 Line Circle offers investors a fully occupied 4-unit asset in Decatur with immediate rental income and a practical path for future upside. The property is already producing $4,965/month in gross scheduled rent, giving a buyer income from day one while still leaving room to improve returns over time through future rent growth and selective cosmetic updates.
The unit mix consists of four 2BR/1BA apartments, a layout that appeals to long-term renters and supports consistent demand in the submarket. One unit was fully renovated in 2024, and one unit include updates such as granite countertops and stainless steel appliances. The remaining 2 units are functional and income-producing, with additional potential for repositioning as leases turn.
With separate electric meters, a simple water-billing structure, and stable occupancy, this property is positioned for a buy-and-hold investor seeking a manageable small multifamily asset in an established rental area. This is a straightforward opportunity to acquire current income with a clear, incremental value-add strategy.
Please do not disturb tenants. Access will be coordinated according to seller instructions
Investment highlights
Fully occupied 4-unit multifamily property in Decatur with stable in-place income.
Current gross rents total $4,965/month or $59,580 annualized.
All units feature functional 2BR/1BA layouts, supporting strong rental demand.
One unit fully renovated in 2024.
Another unit updated with granite countertops and stainless steel appliances.
Remaining units offer additional upside through future cosmetic updates and rent growth.
Separate electric meters for each unit.
Single water meter currently flat billed.
Approx. 3,864 sq ft.
Located in an established rental area with consistent tenant demand.
Suitable for buy-and-hold investors, DSCR buyers, and small multifamily portfolios.
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