INVESTOR ALERT! 9.82% CAP RATE - Turnkey, Tenanted Decatur Condo - PRICED FOR PERFORMANCE! Attention Savvy Investors and Portfolio Builders! Seize this rare opportunity to acquire a high-performing, turnkey rental asset in a sought-after Decatur location. This renovated condo is an investor's dream, delivering immediate cash flow from day one with a strong tenant already in place. Generating an impressive $2,150 in gross monthly rent, the numbers on this property speak for themselves, projecting a robust ~9.82% CAP RATE after factoring in HOA fees, taxes, insurance, and a conservative 20% reserve for vacancy and maintenance. This is not a typical listing. This property has undergone a rigorous, data-driven VALID™ Financial Assessment, ensuring the financial projections are transparent and vetted for performance. The work has been done for you – acquire the asset and start collecting rent. This is the definition of a strategic portfolio addition. Priced aggressively for a swift transaction, this is your chance to secure a powerful income-producing property without the headaches of renovation and tenant placement. CRITICAL INFORMATION FOR ALL BUYERS AND AGENTS: 1. PROPERTY IS SOLD STRICTLY "AS-IS": The property is offered in its current condition. The seller will make NO repairs, warranties, or concessions. Buyer is responsible for all due diligence. 2. PROPERTY IS SOLD "AS OCCUPIED": This property is tenant-occupied and will be sold with the tenant in place. The buyer will assume the current lease and tenant. There will be NO vacant delivery. 3. DO NOT DISTURB TENANTS: Under NO circumstances should anyone approach the property or disturb the tenants. All showings and inquiries MUST be scheduled and coordinated exclusively through the listing agent. Unauthorized contact will result in immediate disqualification of the offer. Showing Instructions: All showings require proof of funds or a lender pre-approval letter for an investor loan. 24--hour notice is required.
Active
$122,500
9 Quail Run, Decatur, GA 30035
3beds
1,771sqft
Est.:
Condominium, Residential, Townhouse
Built in 1973
1,306.8 Square Feet Lot
$122,300 Zestimate®
$69/sqft
$-- HOA
What's special
Renovated condo
- 6 days
- on Zillow |
- 188 |
- 18 |
Zillow last checked: 7 hours ago
Listing updated: July 09, 2025 at 08:31am
Listing Provided by:
J C Fagundes,
YOLO Realty GA, LLC 404-801-4141
Source: FMLS GA,MLS#: 7599115

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Other
Primary bedroom
- Features: Other
- Level: Other
Bedroom
- Features: Other
Primary bathroom
- Features: Double Vanity, Tub/Shower Combo
Dining room
- Features: None
Kitchen
- Features: None
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Refrigerator
- Laundry: Other
Features
- High Ceilings 9 ft Main
- Flooring: Luxury Vinyl
- Windows: Double Pane Windows
- Basement: None
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 1,771
- Total interior livable area: 1,771 sqft
Video & virtual tour
Property
Parking
- Parking features: Parking Lot
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: None
- Exterior features: Awning(s), Rain Gutters
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Other
- Waterfront features: None
- Body of water: None
Lot
- Size: 1,306.8 Square Feet
- Dimensions: 43 x 31
- Features: Other
Details
- Additional structures: None
- Parcel number: 16 009 02 037
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: Townhouse
- Architectural style: Townhouse
- Property subtype: Condominium, Residential, Townhouse
- Attached to another structure: Yes
Materials
- Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1973
Utilities & green energy
- Electric: 110 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & HOA
Community
- Features: None
- Security: None
- Subdivision: Hillside
HOA
- Has HOA: Yes
Location
- Region: Decatur
Financial & listing details
- Price per square foot: $69/sqft
- Tax assessed value: $123,900
- Annual tax amount: $2,906
- Date on market: 7/7/2025
- Listing terms: Cash
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
- Loading
- Loading