$285,000
Stately Renovated Colonial | ITP Decatur | Space, Privacy & Flexibility - With Rare Development Upside Welcome home to one of Decatur's best-kept secrets - a beautifully renovated colonial tucked into a quiet, established neighborhood while keeping you firmly inside the perimeter with easy access to everything Atlanta has to offer. This home is being sold tenant-occupied, and the tenant has renewed their lease through June 2027 at $1,950/month (tenant pays all utilities) - making this a rare turnkey opportunity to step into reliable cash flow from day one, or secure your future home while an in-place tenant offsets your mortgage. The renewal gives investors immediate, predictable income with no vacancy gap and no leasing lift required. From the moment you step inside, the thoughtfully opened floor plan invites you in. The brand-new kitchen is a showstopper: double shaker soft-close cabinetry, a custom island, top-tier granite counters, stainless appliances, and a classic beveled white tile backsplash that gives it just the right touch of character. The primary suite delivers the retreat you deserve - a huge walk-in closet and a spa-inspired bath with modern tile work and all-new fixtures. The layout is genuinely versatile: two bedrooms on the main level (including the primary) and a third bedroom downstairs in the finished basement - ideal for guests, a home office, or a house-hacking setup. Step outside to a surprisingly large, fully fenced backyard with a courtyard-style patio perfect for entertaining or unwinding. Built in the 1970s with steel, brick, and high-quality wood, this home is as solid as they come - and the big-ticket items are done: new roof (2020), new HVAC (2016). Move in with confidence. The lot is where it gets really interesting. At over 22,000 sq ft in an R-75 zone, this parcel carries legitimate development optionality that most homes in this price range simply don't offer. The lot size meets DeKalb County's minimum threshold for a detached ADU (up to 900 sq ft) - a second structure you could build in the rear yard for rental income, multigenerational living, or a private home office. It also meets the area minimum for a potential two-lot subdivision, which could create a second independently titled and buildable parcel. Both paths are subject to site layout confirmation, owner-occupancy requirements, and county approvals - but the bones are there, and that's rare. Whether you're an owner-occupant looking to house-hack, an investor building long-term equity, or a developer scouting infill opportunity, this lot gives you options most listings don't. 3BR | 2BA | 1,758 sqft | Enclosed Sunroom | Finished Basement | Oversized 22,216 sqft Lot | R-75 Zoning | ADU & Subdivision Potential (Subject to County Approval) | Tenant-Occupied - Lease Renewed Through June 2027
3
Beds
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2
Baths
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10707111
MLS
1400 Cornwall Road, Decatur
Listing courtesy of eXp Realty.
