Parcel ID: 14 015300010328
Why buy this property:
Because you just need to build a simple house. Nothing more. So let’s talk.
Do you have a need for a deal in a solid upcoming area?
Have you ever wanted to explore a new build project?
Do you want to build something simple and affordable as a result to your budget and to the Buyer?
Is it important for you to be near rapidly gentrifying mixed use areas?
Do you mind if we tell you more about this deal?
If the answer is yes to any of the above questions, you are at the right deal. Build a two story, 1600 sq ft, 3 bedroom/2.5 bathroom home and you are good to go. The Venetian Hills/Oakland City part of town continues to gentrify at a steady pace with much growth opportunity for the future. Near Tyler Perry Studios, Hartsfield Airport with Pittsburgh Yards, Beltline and the Met close by. Keep it simple and the opportunity will do you right!
The Numbers
Purchase Price: 49000
Prep Work Pre-Build (survey, architecture, permits): 9000
Home construction $100 sq ft: 160000 – 1600 sq ft
Holding Costs and GC fee – 24000
All In: 248000
Sale price for new: 319000
Net Sale Price 93%: 296670 (average concessions in area is 1%)
Net profit: 48670
The retail comps: Address, Price
Note for Days on Market for New Builds: We do not know if time on market includes build time since prelisted homes have no pattern of entry to the market. 1534 Orlando St – 3/2.5, 1944 sq.ft., —– $359,000
1551 Avon Ave – 5/3.5, 2250 sq.ft.,——- $344,900
1618 Avon Ave – 4/3, 2400 sq.ft., ——— $320,000
1932 Sandtown Rd – 3/2, 2324 sq.ft., —— $300,000
1700 Avon Ave – 3/2, 2224 sq.ft., ——— $299,000
Realtors: Add whatever fee you want to the purchase price and notate with your offer.
Access: Land
How to Buy
MAKE US AN OFFER!
Properties are sold on a first come, first serve basis. If you are interested and would like to put this property under contract, please contact us ASAP. Keep in mind we use our own contract so to make an offer, an e-mail or phone call is sufficient.
MAKE US AN OFFER!
| Price: | $49,000 |
| City: | Atlanta |
| County: | Fulton |
| State: | GA |
| Zip Code: | 30311 |
| Acres: | 0.30 |