On Site:68 Days
Lot Size:0.4 Acres
When it comes to incorporating real estate as a portion of your overall portfolio, there are a few boxes you want to tick to ensure that your investment is a worthwhile one. First, an ideal property is located in a perennial part of town, for instance, something close to Emory, Agnes Scott, and the CDC (not to mention the walkable lifestyle options offered by a neighborhood like Decatur) help ensure demand for the long run. Second, an investment-owner doesn't want a lot of surprises, so something newly renovated goes a long way toward ensuring that their investment doesn't become a money pit. Third, while single-family homes have long been the rage, there are downsides: there's a lot to be said for a multi-unit setup, where all of your tenants are under the same roof. Fourth, small units at competitive-but-substantial prices help maintain a roster of professionally minded tenants who are simply more likely to treat your property with respect. The list goes on, but those are the big ones' points thoroughly covered (with a discernible sense of wraparound-porch charm, we might add) by 411 S. Candler Street in the City of Decatur, a historic, spit-polished, quintessentially Southern quadruplex that's ready to move into, just six minutes by bike from Decatur Square (with plenty of extra space for parking out back). Bottom line: we see each of these wood-floored, independently accessible, stainless appliance-equipped, one-bed/one-bath units renting for about $1,400 per month by today's market standard.