614 E Lake Dr, Decatur, GA 30030

Discover an outstanding investment opportunity with this income-generating triplex nestled in the heart of Decatur's Oakhurst Village. Situated on a rare 0.6-acre lot within the City of Decatur, this property is steps away from award-winning schools and an array of all City of Decatur amenities. This traditional-style home enables you to walk to dining spots like U_Joint, Mojo's Pizza, and Sceptre Brewing, making it a perfect location for those who savor a vibrant culinary scene. Plus, the Oakhurst Park and Playground are practically in your backyard, offering a wonderful recreational escape, while the Oakhurst Dog Park is a pleasant stroll away on the neighborhood's inviting sidewalks. This in-town gem boasts many original, captivating features, including intricate crown molding, timeless hardwood floors, classic door knobs, and high ceilings. Unit A (Downstairs): Step into the spacious Unit A, located on the ground floor. This high ceiling, bright and airy unit comprises two bedrooms, one bathroom, a generously sized living room, dining room, original hardwood flooring, an inviting enclosed patio, a cozy gas fireplace, and a fully-equipped kitchen. With access to a partial, unfinished basement and a door leading to the backyard, this unit offers convenience and comfort. Unit B (Upstairs): Ascend the stairs to Unit B, an expansive apartment unit on the upper level. Here, you'll find one bedroom, one full bath, a well-appointed kitchen, a sun-drenched living room, and a door providing access to the backyard. Enjoy the peace and tranquility of this top-floor retreat. Unit C (Cottage - located on the back of the property): Tucked away at the rear of the property, Unit C is a charming cottage-style unit. Boasting approximately 700 square feet of living space, it features one bedroom, one full bathroom, a full kitchen, and a cozy living room. While this unit requires a brand-new kitchen renovation, it offers an excellent opportunity to personalize and upgrade to your liking. Don't miss this chance to own a remarkable income-producing property in the desirable Oakhurst Village of Decatur. With its prime location, original charm, and investment potential, this triplex is truly a hidden gem waiting to be discovered. This gem offers many exit strategies, use it as an investment property and collect rent. Live in one unit and collect rent for the other two units. Or convert to a single-family home. Unit #B has a tenant in place and will vacate before Closing. Buyer is responsible for checking all information provided and performing own due diligence. The seller never lived in the property. Unit A and B: 1 water meter, 2 separate meters for gas and electrical. Landlord pays for the water. Cottage (located on the back): The cottage has its own water meter, gas, and electrical meters. Parking: About 5 parking spaces. Driveaway parking and extra parking spaces by the Cottage on the back. An opportunity like this does not come around very often!