242 Ormond Street SW

Atlanta, GA 30315

$200,000

INVESTOR'S NEW BUILD SPECIAL!! Unlock the potential of this prime lot, a blank canvas for your next project. Whether you're planning a custom-built dream home or a profitable duplex, this property is ready to bring your vision to life. City permits for a three-story duplex are nearing issuance, so you're on the brink of breaking ground. The proposed duplex spans 2,650 sq ft, with each unit offering 1,400 sq ft of living space. Each unit will feature three bedrooms, three full bathrooms, and a convenient half bathroom. With permits almost finalized, you can start planning for separate sales of each unit on this zero-line lot, potentially doubling your profit and maximizing your investment. The appraised value of each unit is $455K, totaling $910K if both units are sold separately. However, if sold as a duplex, the property is appraised at $957K. Don’t miss out on this rare development opportunity! Located in a sought-after area with quick access to Downtown Atlanta, Hartsfield-Jackson Airport, Summerville, Georgia State University, Pittman Park, the Westside BeltLine trail, and a variety of shopping and dining options, this lot offers both convenience and high potential for returns. Don’t miss out on this incredible opportunity!

    MLS Data

  • StatusActive Under Contract
  • MLS #7438464
  • TypeLand

    Exterior Details

  • UtilitiesElectricity Available, Sewer Available, Water Available
  • Lot DescriptionCleared
  • Lot Dimensionsx
  • Acres0.0987

Listing Provided Courtesy Of: Keller Williams Rlty Consultants 678-287-4800

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Data Last updated on September 19, 2024 1:00pm

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