$144,000 - $176,000
●
House -
Off Market
1288 Westmont Road SW
Atlanta, GA 30311
3 Beds
1 Bath
1080 Sqft
Sold Jan 17, 2024
$150,000
Buyer
Seller
$316,000
by Center Street Lending 8 Spe
Mortgage Due Jan 17, 2054
Sold Mar 20, 2020
$92,500
About This Property
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.
The manager has listed the unit size as 1080 square feet.
--------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.
The manager has listed the unit size as 1080 square feet.
Unit Size
1,080Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$148
Property Type
House
Property Taxes
$153
HOA Dues
-
Year Built
1948
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 17, 2024 | Sold | $150,000 | |
Sold | |||
Dec 30, 2023 | No longer available | - | |
No longer available | |||
Sep 20, 2023 | Relisted | $160,000 | |
Relisted | |||
Sep 19, 2023 | No longer available | - | |
No longer available | |||
Aug 24, 2023 | In contract | - | |
In contract |
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Property Highlights
Fireplace
Building Info
Overview
Building
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Intown South
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