1301 Waldrop

Decatur, GA 30034

$110,000
Last Sold Price
3
Beds
1,292 Sq. Ft.
$85 / Sq. Ft.
1,292
Sq. Ft.
$85
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 11/27/24
Closed 11/27/24

Description

Investors, take advantage of this outstanding opportunity at 1301 Waldrop Place in Decatur, GA! This home offers excellent investment potential, currently rented at $1,500 per month with a lease in place until June 1, 2025. The existing rental agreement ensures immediate cash flow, making it an ideal addition to your real estate portfolio. This well-kept 3-bedroom, 2 bathroom Condo features a practical and open floor plan designed for comfortable living. The spacious living room is perfect for relaxing...Investors, take advantage of this outstanding opportunity at 1301 Waldrop Place in Decatur, GA! This home offers excellent investment potential, currently rented at $1,500 per month with a lease in place until June 1, 2025. The existing rental agreement ensures immediate cash flow, making it an ideal addition to your real estate portfolio. This well-kept 3-bedroom, 2 bathroom Condo features a practical and open floor plan designed for comfortable living. The spacious living room is perfect for relaxing or entertaining guests, while the adjacent dining area offers plenty of space for meals or gatherings. The kitchen comes equipped with modern appliances, ample cabinetry, and generous countertop space, making meal preparation a breeze. The primary bedroom features an en-suite bathroom with a tub/shower combination, providing a relaxing retreat. The two additional bedrooms are also well-sized and share another full bathroom with a similar tub/shower combo. Each room is designed to maximize comfort and functionality, making it an appealing option for tenants. Situated in a convenient location, the property is close to shopping, dining, schools, and public transportation. It's also just a short drive to major highways, making commuting to downtown Atlanta or surrounding areas easy and efficient. For investors, this property is a rare find—a fully occupied, income-generating asset with no need for immediate tenant search or property marketing. The $1,500 monthly rent provides consistent cash flow, while the long-term lease offers stability and peace of mind. As Decatur continues to be a sought-after area for renters, this property’s location and features make it a smart and solid investment choice.

1301 Waldrop Place checks all the boxes. With its prime location, steady rental income, and renter-friendly design, this home offers exceptional value for both seasoned and new investors.
  1. Listed by Doris Armstrong • LoKation Real Estate, LLC • 404-348-0420

Property Details for 1301 Waldrop

Subdivision Complex
Waldrop Park
Architectural Style
Mid-Rise (up to 5 stories)
Exterior
Lighting
Num Of Parking Spaces
1
Parking Features
Assigned
Property Attached
Yes
Waterfront Features
None
LISTING CLOSED: 11/27/2024 12:00 AM

Property Details for 1301 Waldrop

StatusClosed
MLS #7465501
Days on Market7
Pet Policy-
Taxes$1,831 / year
HOA Fees$225 / month
Condo/Co-op Fees-
Property TypeCondo
MLS TypeResidential / Condominium
Year Built2006
CountyDeKalb County
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Location

Listing Courtesy of LoKation Real Estate, LLC, Doris Armstrong

Sold By Keller Williams Realty Signature Partners, Shaneka Nelson

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Building Information for 1301 Waldrop

Building/Complex1301 WaldropFloor-Stories1Residences350Pet Policy-Pet Policy Details-Year Built2006

Payment Calculator

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$926 per month

30 year fixed, 6.36% Interest

Principal and Interest

$548

Property Taxes

$153

HOA Dues

$225

The Payment Calculator is for illustrative purposes only.

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Property Information for 1301 Waldrop

Summary
Location and General Information
  • Community Features: Dog Park, Homeowners Assoc, Public Transportation, Park
  • Directions: I-285 W, take exit 48 for GA-155 S, turn left onto GA-155 S/ Flat shoals Rd., go for 1 mile then turn right onto Warriors Path. then turn right onto Waldrop lane, right on Kingswood glen, left onto Waldrop Trail, then right onto Waldrop Pl., property is on the left
  • Lake Name: None
  • View: Trees/Woods
  • Coordinates: -84.263034, 33.684396
Taxes and HOA Information
  • Parcel Number: 15 071 05 009
  • Tax Year: 2023
  • Master Association Fee: $225.00
  • Master Association Fee Frequency: Monthly
  • Association Fee Includes: Maintenance Structure
  • HOA Contact Phone: 888-722-6669
  • HOA Rent Restrictions: Yes
  • Association: Yes
  • Block: 7
  • Tax Legal Description: UNIT 1301 BLDG 1 03-JAN-05 .023AC WALDROP PARK PHASE 1 13 X 2 X 16 X 2 X 12 X 30 X...
School Information
  • Elementary School: Oak View - DeKalb
  • High School: Cedar Grove
  • Middle School: Cedar Grove
Agent
Payment and Rate
  • Concessions Amt: $.00
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Heating: Electric, Forced Air
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
  • Basement: None
  • Fireplace Features: None
  • # of Fireplaces: 0
  • Flooring: Luxury Vinyl
  • Interior Features: Other
  • Levels/Stories: One
  • Other Equipment: None
  • Window Features: Double Pane Windows
  • Bedroom Features: None
  • Diningroom Features: Open Concept
  • Kitchen Features: None
  • Master Bathroom Features: Tub/Shower Combo
  • Foundation: None
  • Main Bedrooms: 3
  • Total Half Baths: 0
  • Bathrooms Total Interger: 2
  • Main Full Baths: 2
  • Additional Rooms: Other
  • Bathrooms Total Decimal: 2.00
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Vinyl Siding
  • Fencing: None
  • Horse Amenities: None
  • Patio And Porch Features: None
  • Pool Features: None
  • Road Surface Type: Asphalt
  • Roof Type: Composition
  • Security Features: Fire Alarm, Smoke Detector(s)
  • Spa Features: None
  • Laundry Features: In Hall
  • Pool Private: No
  • Road Frontage Type: None
  • Other Structures: None
Property
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available,Electricity Available,Sewer Available,Water Available
  • Water Source: Public
  • Electric: None
Property and Assessments
  • FHA Condo Approval: No
  • Home Warranty: No
  • Plat Book: 0144
  • Plat Page: 0073
  • Property Condition: Resale
  • Possession: Subject To Tenant Rights
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Section/GMD: 04
  • Above Grade Finished Area: 1292.0
  • Below Grade Finished Area: 0.0
  • SqFt Source: Public Records
  • Square Footage: 1292.0
  • Common Walls: No One Above
  • Land lot: R3
  • Lot Features: Level
  • Acreage Source: Public Records
Multi Family
Multi-Family Information
  • # Of Units In Community: 350
Rental
Rent Information
  • Terms: Cash
  • Land Lease: No
  • Occupant Types: Tenant

Schools near 1301 Waldrop

This home is within Dekalb County School District.
Rating
School
Type
Grades
Distance
Oakview Elementary School
Public - PK to 5
Cedar Grove Middle School
Public - 6 to 8
Cedar Grove High School
Public - 9 to 12
Narvie Harris Elementary School
Public - PK to 5
Rating
School
Distance
Oakview Elementary School
PublicPK to 5

Cedar Grove Middle School
Public6 to 8

Cedar Grove High School
Public9 to 12

Narvie Harris Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of LoKation Real Estate, LLC, Doris Armstrong

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.