About 1610 Line Circle
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"
Features of 1610 Line Circle
| MLS® # | 7775029 |
|---|---|
| Price | $512,500 |
| Acres | 0.09 |
| Year Built | 1961 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Pending |
Community Information
| Address | 1610 Line Circle |
|---|---|
| Subdivision | BELVEDERE PARK/LINE CIRCLE APTS |
| City | Decatur |
| County | Dekalb - GA |
| State | GA |
| Zip Code | 30032 |
Amenities
| Utilities | Electricity Available, Sewer Available, Water Available |
|---|---|
| Parking | Attached |
| View | Neighborhood |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Heating | Central |
|---|---|
| Cooling | Ceiling Fan(s), Central Air |
| Fireplace | No |
| Stories | Two |
Exterior
| Lot Description | Level |
|---|---|
| Windows | Aluminum Frames |
| Roof | Shingle |
| Construction | Brick, Frame |
School Information
| Elementary | Dekalb - Other |
|---|---|
| Middle | Dekalb - Other |
| High | Dekalb - Other |
Additional Information
| Days on Market | 139 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Real Time Realty Of Georgia, LLC. |
|---|