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Key Details
Sold Price $150,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,080 sqft
Price per Sqft $138
Subdivision Oakland City
MLS Listing ID 7250918
Style Bungalow
Bedrooms 3
Full Baths 1
Year Built 1948
Annual Tax Amount $1,834
Tax Year 2022
Lot Size 7,501 Sqft
Property Description
An excellent opportunity with multiple exit strategies in the red hot West End/Oakland City/Venetian Hills area. Multiple Comps between $575K - $765k within 2.1 miles away----The two most recent comps sold on 5/30/2023 for $700k with 2,980 sq ft, no garage, 1.8 miles away & the second most recent comp sold on 7/06/2023 for $725k with 3,008 sq ft with no garage, 1.4 miles away.
--------The property has already begun renovation stages, it has been gutted down to the studs and framing was started (vaulted ceiling, etc), widening of driveway, etc
------The property is located less than 1.7 miles to Lee + White Development, Monday Night Brewery and the Westside Beltline with a proposed access Beltline Park entrance less than .5 miles away. It is located 3.7 miles from Mercedes Benz Stadium and 6.5 miles from Midtown Atlanta------------ Come build a 2,800 square foot, 5 bedroom with 4 full bathrooms with a rare 2 attached car garage. Seller will provide architectural drawings and previously approved permit from City of Atlanta upon accepted/binding contract (save you a lot of time and money not having to do surveys, drawings, site plans and full permitting process)------------ Property is vacant, no lockbox required. Please enter at own risk (owner is not responsible for safety when entering property)-------------- Option #1 Savvy investors come build and flip with great gross profit margins between 33% - 45%------------ Option #2 Long term hold investors you can walk in with a large amount of equity and hold as an Airbnb that generates 6 figure cash flow------------- Option #3 Finding a 5 bedroom/4 bedroom w/attached 2 car garage intown for under $500k in almost impossible, but with this opportunity it is possible (plus you have a lot of equity)------
Seller will ONLY consider Cash Offers, no assignments or Hard Money Backed Loan Offers etc---------Please do your due diligence prior to submitting offer (0 Day Due Diligence will get more consideration)
Property is vacant, go and show.
Location
State GA
County Fulton
Rooms
Other Rooms None
Dining Room None
Interior
Heating None
Cooling None
Flooring None
Fireplaces Number 1
Fireplaces Type None
Laundry None
Exterior
Exterior Feature Private Rear Entry
Parking Features Driveway
Fence None
Pool None
Community Features None
Utilities Available None
Waterfront Description None
View Trees/Woods, Other
Roof Type Composition
Building
Lot Description Back Yard
Story One
Foundation None
Sewer Public Sewer
Water Public
Structure Type Wood Siding
New Construction No
Schools
Elementary Schools Finch
Middle Schools Sylvan Hills
High Schools G.W. Carver
Others
Special Listing Condition None
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Bought with BHGRE Metro Brokers