1151 Canal StDecatur, GA 30032

Description

Rare investment opportunity with immediate cash flow and long-term value potential! This duplex is conveniently located less than one mile from I-285 with easy access to Decatur, Downtown Atlanta, and major employment centers. Each unit has 2-bedrooms and 1-bath, with a separate laundry/utility room. One unit currently rents for $1,245/month, lease expiring on 7/31/2027. The other unit is below market since this is a 5+ year tenant, currently rents for $1,020/month, expiring on 12/31/2026. Water is not separated and is paid by the landlord, however all other utilities are separated and paid by tenants. Crawlspace is encapsulated with a commercial dehumidifier. Property is being sold As-Is; owner is an investor and has never lived at the property; no Seller's Disclosures are provided.

Property Information

Property type

Residential Income

Sub-type

Duplex

Structure type

Duplex

Year built

1950

Lot size

0.33 acres

Days on market

65

MLS^® Listing#

10838344

Property Features

Cooling

Central Air

Heating

Central · Natural Gas

Basement

Crawl Space

Parking

Off Street

Construction

Brick

Utilities

Sewer Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Peachcrest

Middle

Mary Mcleod Bethune

High

Towers

Financial Details

HOA

None

Annual taxes

$5,020Tax year 2025

Parcel number

15 220 06 004

Directions

From I-285 exit onto Covington Hwy (exit 43), make a right on Canal St, first house on the left.