Atlanta, GA 30311,1288 SW Westmont RD
Atlanta, GA 30311,1288 SW Westmont RD
Atlanta, GA 30311,1288 SW Westmont RD
Listed by Roland Kier • HomeSmart
Bought with Thelma Cheeks • BHGRE Metro Brokers
$150,000
Est. payment /mo
Est.Price: ?

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3 Beds
1 Bath
1,080 SqFt
SOLD DATE : 12/15/2023

Key Details

Sold Price $150,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 1,080 sqft

Price per Sqft $138

Subdivision Oakland City

MLS Listing ID 20137264

Style Bungalow/Cottage

Bedrooms 3

Full Baths 1

Year Built 1948

Annual Tax Amount $1,834

Tax Year 2022

Lot Size 7,405 Sqft

Property Description

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)

Location

State GA

County Fulton

Interior

Heating None

Cooling None

Flooring Other

Exterior

Garage Parking Pad, Off Street

Community Features None

Utilities Available Electricity Available, Natural Gas Available, None, Sewer Connected, Sewer Available, Phone Available, Cable Available

Roof Type Composition

Building

Story One

Sewer Public Sewer

Schools

Elementary Schools Finch

Middle Schools Sylvan Hills

High Schools Carver

Others

Acceptable Financing Cash, Other

Listing Terms Cash, Other

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Georgia MLS (GAMLS)

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Lee Hadaway

+1(770) 366-5200

Agent | License ID: 364905

Agent License ID: 364905

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