Parcel ID: 14 008600030930
About the property:
Mechanicsville is Hot, Hot, Hot! SW Atlanta near beltline took off and is still in flight. Now Pittsburgh Yards areas are following suit at a healthy pace and only getting hotter! More and more rehabs and new builds happening here! Summerhill mixed use has broken ground across I-85. There is A LOT of positive in this area.
Plans are in permitting for an approximately 1870 sq ft, 3/2.5 home traditional two story home that you can tweak as you like within the zoning code allowances.
This is a Federally Approved Opportunity Zone! Take advantage of the tax incentives provided to you by Uncle Sam to boost your profitability! A copy of more information on what is available to you is found here. https://www.investatlanta.com/assets/city_of_atlanta_oz_prospectus_04.04.2019_final_OPBjrY2.pdf
Many of the homes in the community were built in the 2000s so there is a good mix of newer and older homes already giving the community a good feel in most places.
Zoning code link for review: https://library.municode.com/ga/atlanta/codes/code_of_ordinances?nodeId=PTIIICOORANDECO_PT16ZO_CH16-18RSPMENESPPUINDIRE
We have several in Mechanicsville so bulk package is available if desired. If you buy more than one, you can reuse plans on most of our lots easily saving thousands!
Asking Price: 129000
Prep Work Pre-Build (survey, architecture, permits): 4000
Home construction $115 sq ft: 215050 – approx 1870 sq ft
All In: 348050
Sale price for new: 425000+ (expected to increase)
Net Sale Price 94%: 399000+
Note: Houses on Garibaldi a few blocks over have been selling in the 390-425 range as long as 18 months ago!
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!
| Address: | Smith St SW |
| City: | Atlanta |
| County: | Fulton |
| State: | GA |
| Zip Code: | 30310 |
| Acres: | 0.10 acres |