39-Unit Value-Add Multifamily Opportunity in Decatur, GA off Memorial Drive

1609 Line St, Decatur, GA 30032

  • For Sale $4,875,000
  • Property Type Multi-Family
  • Property Size 50,192 SF
  • Units 39
  • Lot Size 3.44 Acre
  • Year Built 1965
  • Date Updated Apr 30, 2024
Decatur, GA39-unit, value-add, multifamily opportunity in prime location just south of Decatur off of Memorial Drive (Inside I-285). Mix of spacious 1 bed/ 1 bath flats, 2 bed/ 1.5 bath townhomes and 3 bed/1.5 bath townhomes. Abundant parking for residents, onsite laundry and open greenspaces throughout.

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Highlights

  • Prime location just south of Decatur off of Memorial Drive (Inside I-285)
  • Value-add opportunity to renovate units and increase rents (4 units recently renovated)
  • Mix of 1 bed/1 bath flats, 2 bed/1.5 bath townhomes and 3 bed/1.5 bath townhomes
  • Spacious floorplans with eat-in kitchens, large bedrooms and private outdoor space
  • On-site laundry
  • All units have individual central HVAC
  • Open greenspaces throughout
  • Abundant parking for residents
  • Easy access to Decatur, Kirkwood, Oakhurst, East Lake, I-285 and I-20

Contacts

broker

Andy Lundsberg

Bull Realty

(404) 876-1640

Location

Getting Around

  • Walk Score ®

    32/100 Car-Dependent

  • Bike Score ®

    19/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Decatur, GA
  • Neighborhood Alexander Estates
  • Zip Code 30032
  • Market Atlanta

Points of Interest

  • Avondale

    2.07 miles

  • Decatur MARTA Sycamore Entrance

    2.19 miles

  • Decatur

    2.21 miles

  • Decatur MARTA Swanton Entrance

    2.23 miles

  • East Lake

    2.30 miles

  • Kensington

    2.53 miles

  • Indian Creek

    3.40 miles

  • Edgewood/Candler Park

    3.58 miles

  • Inman Park/Reynoldstown

    4.20 miles

  • King Memorial

    5.45 miles

  • Shell

    0.20 miles

  • Exxon

    0.64 miles

  • Chevron

    0.99 miles

  • Shell

    1.01 miles

  • BP

    1.03 miles

  • Shell

    1.33 miles

  • BP

    1.67 miles

  • Citgo

    1.81 miles

  • Marathon

    1.91 miles

  • Valero

    2.05 miles

  • DFCS parking lot

    1.80 miles

  • West Parking

    1.86 miles

  • DFCS anex parking lot

    1.89 miles

  • Decatur High School - Upper Lot

    1.97 miles

  • Avondale North Park and Ride

    2.07 miles

  • library parking

    2.09 miles

  • Church parking

    2.11 miles

  • Courthouse Parking

    2.23 miles

  • East Lake Park & Ride

    2.24 miles

  • Decatur First United Methodist Church Parking

    2.30 miles

  • Courtyard Atlanta Decatur Downtown/Emory

    2.37 miles

  • Super 8 by Wyndham Decatur/Dntn/Atlanta Area

    2.56 miles

  • Decatur Inn and Suites

    2.58 miles

  • Americas Best Value Inn

    2.67 miles

  • Econo Lodge

    3.00 miles

  • Residence Inn Atlanta Decatur

    3.33 miles

  • Holiday Inn Express Hotel & Suites

    3.34 miles

  • United Inn & Suites

    3.52 miles

  • University Inn

    3.75 miles

  • Atlanta Motel

    3.97 miles

  • Waffle House

    0.61 miles

  • Krystal

    0.71 miles

  • Popeyes

    0.90 miles

  • McDonald's

    0.91 miles

  • Sonic

    0.92 miles

  • Papa John's

    0.96 miles

  • Taco Bell

    1.05 miles

  • Mojo Pizza N Pub

    1.63 miles

  • Mescalito's Cantina

    1.64 miles

  • Paolino Italian Restaurant

    1.66 miles

  • Hooper Alexander School

    0.71 miles

  • Knollwood Elementary School

    0.90 miles

  • Atlanta Area Accelerated Academy

    0.93 miles

  • Freinds School of Atlanta

    1.15 miles

  • Waldorf School of Atlanta

    1.19 miles

  • Baptist University of America

    1.20 miles

  • Avondale High School

    1.24 miles

  • Lullwater School

    1.25 miles

  • Toney School

    1.26 miles

  • College Heights - Early Childhood Learning Center

    1.27 miles

  • The Ellis School

    1.82 miles

  • Montessori Academy

    1.83 miles

  • Little Linguists International School

    1.91 miles

  • Rocket Camp

    1.94 miles

  • Camp Scene Environmental Adventures

    1.97 miles

  • Decatur Presbyterian Children's Community

    2.12 miles

  • P's In The Pod

    2.64 miles

  • The Clifton School

    3.91 miles

  • Atlanta Montessori International School

    4.13 miles

  • Freedom Park Preschool

    4.33 miles

Frequently Asked Questions

What is the lease rate for 39-Unit Value-Add Multifamily Opportunity in Decatur, GA off Memorial Drive?

Rental asking rate at 39-Unit Value-Add Multifamily Opportunity in Decatur, GA off Memorial Drive is $2,437,500.00/YR.

What is the total square footage of 39-Unit Value-Add Multifamily Opportunity in Decatur, GA off Memorial Drive?

39-Unit Value-Add Multifamily Opportunity in Decatur, GA off Memorial Drive totals 50,192 square feet.

When was this property built?

39-Unit Value-Add Multifamily Opportunity in Decatur, GA off Memorial Drive was built in 1965.

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Contact Listing Broker

broker

Andy Lundsberg

Bull Realty

(404) 876-1640