HUGE investment opportunity in historical Washington Park/Westside Park DIRECTLY ACROSS THE STREET from the $10.2M Vine City development. Zoned R-5, this Victorian home with high-ceilings can be returned to its original beauty or transformed into a Duplex by popping the top, or combine the lots adjacent (corner lot for sale). Single Family ARV: $265k-$325k. COMPS: 878 Spencer St - $275k / 360 Joseph E Lowery - $266k / 968 Harwell Street - $325k. Duplex ARV: $330k-$400k. COMPS: 261 Griffin St - Sold $331k / 543 Oliver St - Sold $360k / 539 Paines Ave - Sold $390k. The average rental income in the area for a 4/2 is approx $1400/month. Duplex has a potential rental income of $30k+ annually. Cash-out quick or buy & hold with high returns if you rent/use the property for Airbnb. The following locations are less than 1.5 miles from this property; The Atlanta University Center, Morehouse College, Clark Atlanta Univ., Spelman College, Mercedes-Benz, Centennial Park, State Farm Arena, the Walmart Super-Center & Ashby Marta Station.
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Listing information last updated on March 30th, 2020 at 11:46am EDT.