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11-Unit Multifamily Opportunity | Minutes from Downtown Decatur

450 Medlock Road
Decatur, GA 30030
PRICE : $1,625,000
PROPERTY TYPE: Multifamily
SITE SIZE: 0.74 Acres
UNITS: 11
YEAR BUILT: 1964

Highlights

  • 11-unit multifamily building in prime Decatur location
  • All spacious 1 bedroom / 1 bath units
  • 7 out of the 11 units have been recently updated to include refinished hardwood floors, fresh paint, granite and stainless steel kitchens with updated light fixtures, etc.
  • Off-street parking for all units
  • Large picture windows with great natural light
  • Large parcel allowing for the addition of tenant amenities and/or possible future redevelopment of the site
  • Shared laundry in basement with storage space
  • Potential to add additional unit in the basement for additional income
  • 1.5 miles (5 minute drive) to Downtown Decatur
  • Walking distance to Suburban Plaza Shopping Center and Emory Decatur Hospital
  • Easy access to I-285 and Downtown Atlanta
  • Close proximity to Emory University

Description

450 Medlock Road is a 11-unit multifamily property conveniently located near all that Downtown Decatur has to offer. Suburban Plaza Shopping Center and Emory Decatur Hospital and many amenities are located minutes from the property. The site has easy access to I-285 & Downtown Atlanta.

Seven out of the eleven units have recently been renovated. Renovations include refinished hardwood floors, fresh paint, granite and stainless steel kitchens with updated light fixtures, etc. These spacious 1 bedroom / 1 bathroom units have wonderful natural light and off-street parking available.

This property offers upside-potential with exterior developments. The site has land available to expand outdoor recreation or to build self-storage pods for additional income.

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