693 North Parkwood Road

Closed 8/25/22

Sold

Last Sold Price

$770,000

7 beds4 baths

693 N Parkwood Rd, Decatur, GA 30030

Multi FamilyProperty Type

0.6 acresLot Size

1953Year Built

8 carsParking Spaces

Description

Rare 4-sided Brick Multi Family property in an AMAZING Decatur Location! Fernbank School district, right off Ponce Ave. All 3 living units have been renovated, top to bottom. Sizable Kitchen’s w/ New Cabinets, Granite Countertops, SS appliances, & LVP Flooring throughout. New Water Heaters and HVAC Systems. Plenty of off-street parking for all units & guests. Turnkey, income producing property with room to increase rents. 3 separate leases total $5649.00 of monthly income with room to grow! This...Rare 4-sided Brick Multi Family property in an AMAZING Decatur Location! Fernbank School district, right off Ponce Ave. All 3 living units have been renovated, top to bottom. Sizable Kitchen’s w/ New Cabinets, Granite Countertops, SS appliances, & LVP Flooring throughout. New Water Heaters and HVAC Systems. Plenty of off-street parking for all units & guests. Turnkey, income producing property with room to increase rents. 3 separate leases total $5649.00 of monthly income with room to grow! This property is perfect for a novice or experienced investor in a wonderful part of town.

Listing closed: 08/25/2022 12:00 AM • Source: FMLS, MLS#: 7058288

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Location

Listing Courtesy of Engel & Volkers Atlanta, Zak Elfenbein

Sold By Non FMLS Member, Non-Mls Nmls

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$5,493 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,111

Property Taxes

$1,382

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 693 North Parkwood Road

Property Details

MLS Type: Residential Income / Triplex
County: DeKalb County
Subdivision Complex: Druid Hills
Parking Features: Driveway, Parking Lot, Paved
Property Attached: No
Waterfront Features: None

Building Information

Stories: 2
Residences: 3
Year Built: 1953
Lot Size: 0.60 AC / 26,136 SF

Summary

Location and General Information

Community Features: None
Directions: Please use GPS

Lake Name: None
View: Other
Coordinates: -84.313501, 33.77571

Taxes and HOA Information

Parcel Number: 15 244 04 007
Tax Year: 2021

Block: 0
Tax Legal Description: n/a
Tax Lot: 0

School Information

Elementary School: Fernbank
High School: Druid Hills

Middle School: Druid Hills

Virtual Tour

Virtual Tour Link PP: https://www.propertypanorama.com/693-N-Parkwood-Road-Decatur-GA-30030/unbranded

Parking

Open Parking: Yes

Agent

Payment and Rate

Concessions Amt: $3,000.00

Interior and Exterior Features

Interior Features

Cooling: Attic Fan, Ceiling Fan(s), Central Air, Separate Meters
Heating: Central

Basement: Bath Finished, Finished, Full
Levels/Stories: Two
Window Features: None
Bathrooms Total Interger: 0

Exterior Features

Accessibility Features: None
Construction Materials: Brick 4 Sides

Fencing: None
Roof Type: Composition
Security Features: Carbon Monoxide Detector(s)

Property

Utilities

Sewer: Public Sewer
Utilities: Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available

Water Source: Public

Property and Assessments

Assumable: No
Proposed Financing: Cash, Conventional

Plat Book: 0
Plat Page: 0
Property Condition: Updated/Remodeled
Possession: Other

Green Features

Green Energy Efficient: None
Green Energy Generation: None

Lot Information

Section/GMD: 0
Land lot: 244

Lot Features: Private
Acreage Source: Public Records
Lot Size Dimensions: 243 x 112

Multi Family

Multi-Family Information

Unit Count: 3
NUM OF UNITS: 3

Income & Expenses Information

Gross Annual Income: $67,788.00
N.O.I. $: $50,788.00

Annual Expenses: $17,000.00

Unit 1

Unit Deposit Amount: $1,650.00
Unit Electric Included: No

Unit Features: Dishwasher, Disposal, Dryer, Fire Alarm, Hardwood Floors, Patio, Range/Oven, Refrigerator, Smoke Alarm, Washer
Unit Garbage Included: Yes
Unit Gas Included: No
Unit Half Baths: 0
Unit Maintenance Included: No
Unit Occupant: Tenant Occupies
Unit Water Included: Yes
Unit Rent Amount: $1,650.00
Unit Full Baths: 1
Unit Bedrooms: 2

Unit 2

Unit Deposit Amount: $2,100.00
Unit Electric Included: No

Unit Features: Central Air, Deck, Dishwasher, Disposal, Dryer, Fire Alarm, Hardwood Floors, Range/Oven, Refrigerator, Smoke Alarm, Washer
Unit Garbage Included: Yes
Unit Gas Included: No
Unit Half Baths: 0
Unit Maintenance Included: No
Unit Occupant: Tenant Occupies
Unit Water Included: Yes
Unit Rent Amount: $2,100.00
Unit Full Baths: 2
Unit Bedrooms: 3

Unit 3

Unit Deposit Amount: $1,899.00
Unit Electric Included: No

Unit Features: Central Air, Deck, Dishwasher, Disposal, Dryer, Fire Alarm, Hardwood Floors, Patio, Range/Oven, Refrigerator, Smoke Alarm, Washer
Unit Garbage Included: Yes
Unit Gas Included: No
Unit Half Baths: 0
Unit Maintenance Included: No
Unit Occupant: Tenant Occupies
Unit Water Included: Yes
Unit Rent Amount: $1,899.00
Unit Full Baths: 1
Unit Bedrooms: 2

Rental

Rent Information

Terms: Cash
Occupant Types: Tenant

Property History for 693 North Parkwood Road

Date	Event & Source	Price	Appreciation
Aug 25, 2022	Sold (Public Record) Public Record #1497959270	$770,000	+45.7% / yr
Aug 9, 2021	Sold (Public Record) Public Record #1472013972	$520,000	—
Aug 9, 2021	Sold (Public Record) Public Record #1472013972	$520,000	—

Date	Event & Source	Price
08/25/2022	Sold (Public Record) Public Record #1497959270	$770,000 +45.7% / yr
08/09/2021	Sold (Public Record) Public Record #1472013972	$520,000
08/09/2021	Sold (Public Record) Public Record #1472013972	$520,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

693 North Parkwood Road

Baths

Total Finished SqFt

4,920 SqFt

Above Grade Finished SqFt

3,352 SqFt

Finished Basement SqFt

1,568 SqFt

Unfinished Basement SqFt

216 SqFt

Stories

Schools near 693 North Parkwood Road

This home is within Dekalb County School District.


Rating	School	Type	Grades	Distance
8/10	Fernbank Elementary School	Public - Serves this home	PK to 5	0.3 mi
5/10	Druid Hills Middle School	Public - Serves this home	6 to 8	3.8 mi
6/10	Druid Hills High School	Public - Serves this home	9 to 12	1.2 mi
NR	East Dekalb Special Education Center	Public - Nearby school	PK to 12	6.8 mi
NR	John Robert Lewis Elementary School	Public - Nearby school	PK to 5	3.6 mi
7/10	Arabia Mountain High School - Academy of Engineering- Medicine	Public - Choice school	9 to 12	13.6 mi
NR	St Thomas More Catholic School	Private - Nearby school	K to 8	0.5 mi
NR	The Community School	Private - Nearby school	7 to 12	0.9 mi
NR	Saint Thomas More Catholic School	Private - Nearby school	PK to 8	0.5 mi


Rating	School	Distance
8/10	Fernbank Elementary School PublicPK to 5 Serves this home	0.3 mi
5/10	Druid Hills Middle School Public6 to 8 Serves this home	3.8 mi
6/10	Druid Hills High School Public9 to 12 Serves this home	1.2 mi
NR	East Dekalb Special Education Center PublicPK to 12 Nearby school	6.8 mi
NR	John Robert Lewis Elementary School PublicPK to 5 Nearby school	3.6 mi
7/10	Arabia Mountain High School - Academy of Engineering- Medicine Public9 to 12 Choice school	13.6 mi
NR	St Thomas More Catholic School PrivateK to 8 Nearby school	0.5 mi
NR	The Community School Private7 to 12 Nearby school	0.9 mi
NR	Saint Thomas More Catholic School PrivatePK to 8 Nearby school	0.5 mi

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.