1288 Westmont Road SW

Description

An excellent opportunity with multiple exit strategies in the red hot West End/Oakland City/Venetian Hills area------------ 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)------------ Comps between $575K - $765k within 2.1 miles------------ 1268 Lockwood DR SW Atlanta, GA 30311 .4 miles away Sold for $575k on 8/8/2022 4 bedroom/3 bathroom Smaller at 2,400 sq ft vs 2,800 sq ft Has a 2 car garage------------ 1424 Westboro DR SW Atlanta, GA 30310 1.0 mile away Sold for $627.5k on 4/6/2022 4 bedroom/3 bathrooms Smaller at 2,300 sq ft vs 2,800 sq ft Does not have a garage-------------- 840 Westmont RD SW Atlanta, GA 30311 1.1 miles away Sold for $590k on 5/23/2022 4 bedroom/3 bathrooms Same size at 2,800 sq ft Does not have a garage ---------------- 939 Hall St Atlanta, GA 30310 1.3 miles away Sold for $690k on 10/21/2021 4 bedrooms/3 bathrooms Smaller at 2,470 sq ft vs 2,800 sq ft Has a 2 car garage--------------------- 2025 Cascade RD SW Atlanta, GA 30311 1.4 miles away Sold for $710k on 8/25/2022 5 bedroom/4 bathroom Larger at 3,395 vs 2,800 sq ft Does not have a garage------------------------ 1900 Beecher RD SW Atlanta, GA 30310 1.5 miles away Sold for $629k on 7/29/2022 4 bedroom/2.5 bathrooms Smaller at 2,600 sq ft vs 2,800 sq ft Does not have a garage------------------------ 1576 Rogers AVE SW Atlanta, GA 30310 1.5 miles away Sold for $635k on 3/24/2022 Similar size at 2,877 4 bedrooms/3 bathrooms Does not have a garage------------------------ 1739 Shirley ST SW Atlanta, GA 30310 1.8 miles away Sold for $590k on 10/11/2022 4 bedrooms/4 bathrooms Smaller at 2,222 vs 2,800 sq ft Has a 1 car garage------------- 1761 Stokes SW Avenue Atlanta, GA 30310 1.9 miles away Sold for $675k on 10/11/2022 5 bedrooms/3 bathrooms Larger at 3,424 sq ft vs 2,800 sq ft Does not have a garage------------- 2094 Highview Rd SW Atlanta 30311 2.1 miles away Sold for $765k on 3/1/2022 4 bedroom/3 bathroom Smaller at 2,550 sq ft vs 2,800 sq ft Has a 1 car garage