1860 S Columbia PL, Decatur, GA 30032
1860 S Columbia PL, Decatur, GA 30032
1860 S Columbia PL, Decatur, GA 30032
1860 S Columbia PL, Decatur, GA 30032
1860 S Columbia PL, Decatur, GA 30032
1860 S Columbia PL, Decatur, GA 30032
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Susan Verlander

Susan Verlander

+1(770) 855-5204
$ 3,950,000
Est. payment | /mo

6,534 Sqft Lot

Save
$ 3,950,000
Est. payment | /mo
Save

6,534 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision Belvedere

MLS Listing ID 7836741

Construction Status Resale

HOA Y/N No

Year Built 1950

Annual Tax Amount $3,635

Tax Year 2026

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Other

Source First Multiple Listing Service

Property Description

21 working-class rental units on 19 parcels, conveniently located in close proximity to each other within the booming 30032 zip code. 100% Occupancy. Current rents average $1,216/month — $25,550/month gross — against a market rate average of $1,582. That gap is intentional. There are many long term tenants and every unit that turns has potential to be a profitable flip, cosmetic renovation and rent bump or just re-lease at the same price.
The 30032 zip code sits on I-20 and near I285 with direct access to Downtown Atlanta, East Atlanta Village, and Hartsfield-Jackson. The Avondale MARTA station is nearby. These are practical amenities that keep working-class renters in place.
The corridor is moving. Belvedere Plaza at Memorial Drive and Columbia Drive just landed a $24.3 million redevelopment backed by a $3 million Decide DeKalb grant — four national retailers and a full-service grocery anchor coming in 2027. DeKalb County's long-range plan calls for mixed-use and multifamily density along Memorial Drive. That's not speculation. That's a unanimous board vote and a developer writing a real check. Publix is opening a second store on Glenwood close to these properties.
The play is straightforward. Collect $25,550/month while you hold. Renovate as units turn. Re-lease at market rate. A fully repositioned portfolio at $1,582/month gross clears over $33,200/month. Or flip individual renovated units as retail sales.
Working-class housing. Below-market rents. I-20 access. A corridor with institutional money coming in behind it.

Location

State GA

County Dekalb

Area Belvedere

Lake Name None

Interior

Heating Central

Cooling Central Air

Flooring Hardwood

Window Features None

Exterior

Parking Features Carport, Driveway

Fence None

Community Features None

Utilities Available Electricity Available, Natural Gas Available, Sewer Available

Waterfront Description None

View Y/N Yes

View Other

Roof Type Composition

Accessibility None

Handicap Access None

Private Pool false

Building

Lot Description Other

Story One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Other

Construction Status Resale

Schools

Elementary Schools Dekalb - Other

Middle Schools Dekalb - Other

High Schools Dekalb - Other

Others

Senior Community no

Acceptable Financing 1031 Exchange, Cash

Listing Terms 1031 Exchange, Cash

First Multiple Listing Service(FMLS)
Listed by Keller Williams Realty Metro Atlanta
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Southcreek Luxury Properties
Susan Verlander
License ID: 254041
+1(770) 855-5204
Bradford St NE, Gainesville, GA 30501, USA

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Bradford St NE, Gainesville, GA 30501, USA
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