$540,000
$499,000
8.2%For more information regarding the value of a property, please contact us for a free consultation.
1.1 Acres Lot
SOLD DATE : 07/06/2022
Key Details
Sold Price $540,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Westside Atlanta
MLS Listing ID 7045747
Sold Date 07/06/22
Construction Status Resale
HOA Y/N No
Year Built 1940
Annual Tax Amount $4,035
Tax Year 2021
Lot Size 1.095 Acres
Acres 1.0951
Property Description
Calling all investors/developers! Rarely available income-producing quadruplex on a 1+ acre lot in booming Westside/Grove Park area & right next to new Westside Reservoir Park (ATL’s largest park that will soon feed into the Beltline Westside Trail!) Property is down the road from explosive multi-million $ developments at Quarry Yards, a 70 acre master-planned mixed-use development to include a boutique hotel, restaurants, retail and more. This unique lot has frontage along both Hollywood Rd AND quiet side street giving ample opportunity for re-development of this massive lot. Opportunities are endle$$ on this cash cow… add on, tear down and re-build, or let it sit and watch the equity pile up while developments in this area make the Westside Park/Quarry Yards the next hottest destination in ATL. Current monthly rental income is approx. $4,000, and grossly under-rented. Low taxes, easy access to I-285 and a quick drive to downtown Atlanta, Mercedes Benz Stadium, the Gulch and GA Tech. There’s a reason developers have grabbed almost every lot surrounding this jackpot lot. Zoned R5. Sold As-Is. WILL NOT LAST.
Reviewing all offers Monday 6/4.
Location
State GA
County Fulton
Lake Name None
Interior
Heating Central, Electric
Cooling Central Air
Window Features None
Exterior
Garage Parking Lot
Fence None
Community Features Near Beltline, Near Marta, Near Trails/Greenway, Public Transportation
Utilities Available Cable Available, Electricity Available, Phone Available, Water Available
Waterfront Description None
View Trees/Woods, Other
Roof Type Composition
Accessibility None
Handicap Access None
Total Parking Spaces 4
Building
Lot Description Other
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Frame
New Construction No
Construction Status Resale
Schools
Elementary Schools William M.Boyd
Middle Schools John Lewis Invictus Academy/Harper-Archer
High Schools Frederick Douglass
Others
Senior Community no
Tax ID 17 024800140067
Special Listing Condition None
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Bought with PalmerHouse Properties
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516 Sosebee Farm Unit 1211, Grayson, Georgia, 30052, United States