139 East Hill Street , Bldg. 11

Description

8 Bedrooms + 4 Full Baths + 4 1/2 Baths with a of total 4100 sqft. This property is ideal for you if: you are renting and tired of rent increases or if you're retiring and want to downsize or if you want to start or ad to your own AirBnb business. Don't miss this "Gem!" There are few Properties like this one. 4-Unit, 4-Sides Brick Apartment Building located just steps to Oakhurst Village and located in the City of Decatur School district. The property sits on a lot that faces a "Quiet, Forest-Like Setting" is tucked away at the end of the street. Want Quiet??? There is "No Noise or through Traffic." (When you arrive on East Hill St, continue driving past the Townhouses. Bldg 11 is the 2nd building on the right in front to the mailbox. All units are 2br+ 1.5ba Three have Hardwood Floors and 1 has carpet. All units have separately metered electric and gas and are equipped w/ Central Heat + Air. Other amenities include Black Appliances, Hardwood Floors in Kitchens, Blinds, Walk In Closets, and Patio or Balcony that lead to a quiet "Greenspace." There is a Washer/Dryer in Basement for tenant use. As you enter the building, you'll love the Hardwood Floors that lead to the tastefully Decorated Foyer. Tenants pay all utilities including water. This is a "Secured Building" and only tenants have a key to the main entry door. Current tenants are degreed professionals or hold professional certifications. There is Green Space behind building that offers space for relaxation, gardening. It may be possible to add additional sqft (of course this would be subject to local building regulations) Ideal for 1031 Exchange, or for a buyer who wants to "Live in the property as and Owner Occupant. Why Pay Rent when you can "Own the Building?" FHA mortgage of +/-5% down. 3 units have long term tenants whose rents are below market rates. Most Recent Multi Family Comps are: Duplex 2br+1ba at 15 Branham Sold 7-30-21 for $549,000, 2br+1ba Duplex at 99 Norwood Ave sold 8-27-2021 for $495,000 and 2br+1ba Duplex 748 Scott Blvd $550,000 closed 9-3-2021. Each Duplex is 2br+1ba each side. Ownership of subject is Fee Simple. There are No HOA Dues. Being sold "As Is." Listing Agent Holds an interest in the property. Interested??? Shown to Pre-Qualified Buyers by Appointment Only. Seller will provide Financials and Expenses during Due Diligence