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Closed
  • $116,588

    1288 Westmont Rd SW, Atlanta, GA 30311

    3beds
    1,080sqft
    Single Family Residence
    Built in 1948
    7,405 sqft lot
    $137,000 Zestimate®
    $108/sqft
    $-- HOA

    What's special

    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)

    Zillow last checked: 7 hours ago

    Listing updated: January 04, 2024 at 08:22am

    Listed by:

    Roland Kier 678-350-6668,

    HomeSmart

    Bought with:

    Thelma Cheeks, 395470

    BHGRE Metro Brokers

    Source: GAMLS,MLS#: 20137264MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 3
    Heating
    • None
    Cooling
    • None
    Appliances
    • Included: None
    • Laundry: None, Other
    Features
    • Other
    • Flooring: Other
    • Basement: Crawl Space
    • Has fireplace: No
    Interior area
    • Total structure area: 1,080
    • Total interior livable area: 1,080 sqft
    • Finished area above ground: 1,080
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Parking Pad, Off Street
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 7,405 sqft
    • Features: City Lot, None
    Details
    • Parcel number: 14 013700010451

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow/Cottage
    • Property subtype: Single Family Residence
    Materials
    • Press Board, Stone, Wood Siding
    • Roof: Composition
    Condition
    • Resale
    • New construction: No
    • Year built: 1948

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Natural Gas Available, None, Sewer Connected, Sewer Available, Phone Available, Cable Available

    Community & neighborhood

    Community
    • Community features: None
    Location
    • Region: Atlanta
    • Subdivision: Oakland City

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Other
    Services availability
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