242 Ormond Street Atlanta GA 30315, MLS# 400026225
Atlanta, GA 30315
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- N/AYear Built
- 0.10Acres
- MLS# 400026225
- Land
- Duplex
- Pending
- Approx Time on Market2 months, 25 days
- AreaN/A
- CountyFulton - GA
- Subdivision Mechanicsville
Overview
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.Dont 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. Dont miss out on this incredible opportunity!
Association Fees / Info
Hoa: No
Community Features: None
Bathroom Info
Total Baths: 0.00
Bedroom Info
Building Info
Habitable Residence: No
Current Use: Vacant
Business Info
Equipment: None
Exterior Features
Fence: None
Road Surface Type: Asphalt
Pool Private: No
County: Fulton - GA
Acres: 0.10
Fees / Restrictions
Listing Terms: Cash
Financial
Original Price: $200,000
Owner Financing: No
Documents Available: Floor Plan, Legal Desc, Survey, Other
Handicap
Interior Features
Security Ftr: None
Lot Info
Lot Size Source: Public Records
Zoning: R5
Lot Features: Cleared
Lot Size: x
Zoning Description: Developed/Zoned Residential
Misc
Property Attached: No
Home Warranty: No
Other
Other Structures: None
Property Info
Property Type: Land
Rental Info
Land Lease: No
Room Info
Special Features
Special Listing Conditions: None
Special Circumstances: None
Tax Info
Tax Amount Annual: 1969
Tax Year: 2,023
Tax Parcel Letter: 14-0075-0008-030-0
Utilities / Hvac
Utilities: Electricity Available, Sewer Available, Water Available
Waterfront / Water
Water Body Name: None
Waterfront Features: None
Directions
Take I-85 South toward Atlanta. Merge onto I-75/I-85 South. Take Exit 246 for Fulton St./Central Ave. Keep right at the fork to continue on Fulton St. Turn left onto Capitol Ave SE, then left onto Ormond Street. 242 Ormond will be on your right.Listing Provided courtesy of Keller Williams Rlty Consultants
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