1860 S Columbia Place

About this home

21 working-class rental houses on 19 parcels, conveniently located in close proximity to each other within the booming 30032 zip code. 100% Occupancy. Current rents average $1,219/month — $25,600/month gross and climbing at each turn over — against a market rate average of $1,582. That gap is intentional. There are many long term tenants and every unit that turns has potential to be a profitable flip, cosmetic renovation and rent bump or just re-lease at the same price. The 30032 zip code sits on I-20 and near I285 with direct access to Downtown Atlanta, East Atlanta Village, and Hartsfield-Jackson. The Avondale MARTA station is nearby. These are practical amenities that keep working-class renters in place. The corridor is moving. Belvedere Plaza at Memorial Drive and Columbia Drive just landed a $24.3 million redevelopment backed by a $3 million Decide DeKalb grant — four national retailers and a full-service grocery anchor coming in 2027. DeKalb County's long-range plan calls for mixed-use and multifamily density along Memorial Drive. That's not speculation. That's a unanimous board vote and a developer writing a real check. Publix is opening a second store on Glenwood close to these properties. The play is straightforward. Collect $25,550/month while you hold. Renovate as units turn. Re-lease at market rate. A fully repositioned portfolio at $1,582/month gross clears over $33,200/month. Or flip individual renovated units as retail sales. Working-class housing. Below-market rents. I-20 access. A corridor with institutional money coming in behind it.

Details

Home type

Other

County

Dekalb County

Year built

1950

Lot size (acres)

0.15

Annual tax

$3,635

Tax year

2026

Elementary school

Dekalb - Other

Middle school

Dekalb - Other

High school

Dekalb - Other

Heating

Central

Cooling

Central Air

Flooring

Hardwood

Parking

Carport, Driveway

Levels

One

Community

None

Days on market

9

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