Bought with Thelma Cheeks • BHGRE Metro Brokers
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1288 SW Westmont RD Atlanta, GA 30311
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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 20137264
Sold Date 12/15/23
Style Bungalow/Cottage
Bedrooms 3
Full Baths 1
Construction Status Resale
HOA Y/N No
Year Built 1948
Annual Tax Amount $1,834
Tax Year 2022
Lot Size 7,405 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-----Most recent sold comps are $700k that is 1.3 miles away that sold on 5/30/2023, it is 3,000 sq ft 4/3 and NO GARAGE and the other sold for $725k, it is 1.4 miles away that sold on 7/6/2023, it is 3,000 sq ft 4/4 and NO GARAGE-------------------------------------Either expand and build OR tear down and build from the ground up---------------------------- --------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. Please see architectural drawings and previously approved permit from City of Atlanta (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)
Location
State GA
County Fulton
Rooms
Basement Crawl Space
Main Level Bedrooms 3
Interior
Interior Features Other
Heating None
Cooling None
Flooring Other
Exterior
Garage Parking Pad, Off Street
Community Features None
Utilities Available Electricity Available, Natural Gas Available, None, Sewer Connected, Sewer Available, Phone Available, Cable Available
Roof Type Composition
Building
Story One
Sewer Public Sewer
Level or Stories One
Construction Status Resale
Schools
Elementary Schools Finch
Middle Schools Sylvan Hills
High Schools Carver
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Other
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