1288 Westmont Rd., Atlanta, GA 30311

1288 Westmont Rd., Atlanta, GA 30311
Photo 1 of 22
$150,000
Sold on 12/15/23
Beds Baths Sq. Ft. Taxes Built
3 1.0 1,080 $1,834 1948
On the market: 144 days
View full details, 15 photos, school info, and price history
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----The two most recent comps sold on 5/30/2023 for $700k with 2,980 sq ft, no garage, 1.8 miles away & the second most recent comp sold on 7/06/2023 for $725k with 3,008 sq ft with no garage, 1.4 miles away. --------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. Seller will provide architectural drawings and previously approved permit from City of Atlanta upon accepted/binding contract (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)------ Seller will ONLY consider Cash Offers, no assignments or Hard Money Backed Loan Offers etc---------Please do your due diligence prior to submitting offer (0 Day Due Diligence will get more consideration) Property is vacant, go and show.
Listing courtesy of Roland Kier, HomeSmart