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Raymond Riley Jr

raymond@magneticrealtors.com +1(404) 343-5679

$ 775,000

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1628 Cecile AVE SE Atlanta, GA 30316

0.45 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family,Duplex

Listing Status New

Purchase Type For Sale

Subdivision East Atlanta

MLS Listing ID 10808961

HOA Y/N No

Year Built 1946

Annual Tax Amount $6,853

Tax Year 2025

Lot Size 0.450 Acres

Acres 0.45

Lot Dimensions 19602

Property Sub-Type Multi Family,Duplex

Source Georgia MLS 2

Property Description

Turnkey East Atlanta Duplex - Two Detached Homes on One Lot Exceptional investment opportunity in East Atlanta featuring two fully detached homes with no shared walls on an oversized 0.4-acre lot. Both homes are leased, providing immediate cash flow, and were extensively renovated or newly constructed with modern systems for low-maintenance ownership. Unit A is a fully renovated 3-bedroom, 2-bath home updated in 2024 with a new roof, HVAC, driveway, and major systems. It is currently leased for $2,750/month. Unit B is a 2-bedroom, 2-bath new construction ADU completed in 2025 with contemporary finishes, private parking, and all-new systems. It is currently leased for $2,480/month. Combined rental income is $5,230/month ($62,760 annually). Estimated annual operating expenses are approximately $11,402, resulting in an estimated Net Operating Income (NOI) of approximately $51,358/year. Offered at an attractive 6.63% cap rate. Located just minutes from East Atlanta Village's restaurants, shopping, and entertainment, this property offers strong rental demand and long-term appreciation potential. With both homes built or renovated to 2025 standards, major capital expenses should be minimal for years to come. Highlights Two fully detached homes with no shared walls Oversized 0.4-acre lot Unit A: 3BR / 2BA, fully renovated in 2024 Unit B: 2BR / 2BA new construction ADU completed in 2025 Both units currently leased All major systems new or replaced in 2024/2025 Private off-street parking for each home Low-maintenance investment with strong in-place income Minutes from East Atlanta Village

Location

State GA

County Dekalb

Rooms

Bedroom Description No

Basement Crawl Space

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Off Street

Garage Spaces 4.0

Community Features None

Utilities Available Electricity Individual Meters, Sewer Connected, Water Billing Prorated

View Y/N No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Faces gps

Foundation Block, Slab

Sewer Public Sewer

Water Public

Structure Type Block

New Construction No

Schools

Elementary Schools Burgess Peterson

Middle Schools King

High Schools Mh Jackson Jr

Others

HOA Fee Include None

Tax ID 15 175 02 066

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Updated/Remodeled

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NEARBY SCHOOLS & PROPERTIES

Raymond Riley Jr

Managing Broker | License ID: 351350

+1(404) 343-5679

Raymond Riley Jr

1628 Cecile AVE SE Atlanta, GA 30316

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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1628 Cecile AVE SE