$200,000
Pending
49 Days Online
0 Beds0 Baths0 SQFT
Pending

242 Ormond Street SW Atlanta, GA 30315

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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!

  • Property TypeMulti-Family
  • NeighborhoodMechanicsville
  • CountyFulton
  • Taxes$1,969
  • HOA/Condo/Coop Fees$0
  • Days on Site49 Days
  • MLS StatusPending
  • MLS ID Number7438464
  • Home Size Source N/A
  • Year BuiltN/A
  • Lot Size0.0987 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Acreage 0.0987
  • Zoning R5
  • Security None
  • Property Sub Type Duplex
  • Utilities Electricity AvailableSewer AvailableWater Available

Exterior Features

  • View City
  • Fencing None
  • Waterfront Property No
  • Waterfront Features None
  • Lot Cleared
  • Road Frontage City Street
  • Other Structures None

Community Features

  • Community Features None
  • Security Features None

Schools

School District
Unknown
Elementary School
Paul L. Dunbar
Middle School
Martin L. King Jr.
High School
Maynard Jackson

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Monthly Payment (Est.)

$972
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