242 Ormond ST SW Under Contract Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30315
Key Details
Property Type Vacant Land
Sub Type Residential Lot
Listing Status Under Contract
Purchase Type For Sale
Subdivision Mechanicsville
MLS Listing ID 10358381
HOA Y/N No
Annual Tax Amount $1,969
Tax Year 2023
Lot Size 4,312 Sqft
Property Description
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 $957. 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!
Location
State GA
County Fulton
Exterior
Community Features None
Utilities Available Electricity Available,Sewer Available,Water Available
Waterfront Description No Dock Or Boathouse
View City
Building
Sewer Public Sewer
Schools
Elementary Schools Dunbar
Middle Schools King
High Schools Mh Jackson Jr
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Investor Owned