242 Ormond St., Atlanta, GA 30315

242 Ormond St., Atlanta, GA 30315
Photo 1 of 5
$200,000
Beds Baths Sq. Ft. Taxes Built
0.0 0 $1,969 2025
On the market: 32 days
Other active MLS# for this property: 7438464

Est. Monthly Payment:

$1,308($1,144 + $164 taxes*)

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APPROVED
View full details, 15 photos, school info, and price history
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!
Listing courtesy of Johanna Galnares, Keller Williams Rlty Consultants