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500 Allendale Drive; Decatur, GA 30032

$169,900

3 Bedrooms
1 Bathrooms
Driveway
7715808
East Lake Terrace Fixer Upper! Discover the exceptional potential of this East Lake area fixer-upper offered at $169,900! Perfectly positioned just one block from the world-renowned East Lake Golf Club, home of the PGA Tour Championship, this investment offers an unparalleled chance to capitalize on one of Atlanta's most rapidly appreciating neighborhoods.The home sits on a desirable, level lot surrounded by beautiful, established residences and is just steps away from the fairways. Furthermore, it’s just a few blocks away from the Candler Crossing Development at Glenwood and Candler, a $28.9 million revitalization project. This major development will feature a new Publix, a renovated MARTA stop, and is projected to open in 2027, promising significant appreciation and lifestyle enhancements for the area. Check out the surrounding renovated comps and new construction sale prices. There are multiple exit strategies for this deal. Buy, fix and add to your rental portfolio (ARVs: $200,000 to $275,000), renovate and flip/renovate with additional square footage and flip (ARVs: Mid-$300,000 to Mid-$500,000) or do a build new ($600,000 to $1,400,000)! See attached documents including a foundation inspection and a quote for foundation repair and a rental grade rehab. Please do your due diligence (inspections, contractor estimates and capital expenditure budget) prior to submitting an offer to eliminate the due diligence period.
Key Facts
  • Style:
  • Year Built: 1949
  • Status: Active
Schools
  • Elementary School: Ronald E McNair
  • Middle School: McNair - Dekalb
  • High School: McNair
Bedrooms
  • Beds Total: 3
Bathrooms
  • Baths Full: 1
  • Baths Half: 0
  • Main Full Baths: 1
  • Master Bath Features: None

Learn more about this property...

Private & Public Schools Nearby

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    Ronald E McNair Discover Learning Academy Elementary School
    2162 Second Ave; Decatur, GA 30032
    Public PK-5th  |  757 students
    Metro Atlanta School Rank: 1187th
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    McNair Middle School
    2190 WALLINGFORD DRIVE; Decatur, GA 30032
    Public 6th-8th  |  630 students
    Metro Atlanta School Rank: 525th
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    McNair High School
    1804 BOULDERCREST ROAD, SE; Atlanta, GA 30316
    Public 9th-12th  |  705 students
    Metro Atlanta School Rank: 377th

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Listing information last updated on March 4, 2026
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