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$1,999,000
916 Greenwood Ave NE, Atlanta, GA 30306
4 Beds
2 Baths
n/a sqft

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A rare opportunity to acquire 3 contiguous prime lots currently zoned multifamily RG2 in Virginia Highlands. Combined lot size of 30,000 and street frontage of 150. With 8 apartments on the lot, gross rentals are upwards of $130k per year. A buyer could add additional units to take advantage the allowable FAR of 12,000 and maximize the return. This property is in the award winning Springdale school district and has multiple options for redevelopment - i.e. townhomes, condos, or apartments. Do NOT disturb tenants or walk the property without permission.
  • Price:
  • $1,999,000
  • Bedrooms:
  • 4
  • Full Baths:
  • 2
  • Acreage:
  • 0.69
  • Year Built:
  • 1930
  • Listing ID #:
  • 6816771
  • Street Address:
  • 916 Greenwood Ave NE
  • City:
  • Atlanta
  • State:
  • Georgia
  • Postal Code:
  • 30306
  • County:
  • Fulton
  • Subdivision:
  • Virginia Highland
  • Listing Status:
  • Active
4
out of 5

Grady High School
Public
School Grade Level 9-12
School Students 1392 students
School Teachers 17 student/
teacher
  • Building Condition:
  • Resale
  • Stories:
  • One
  • View:
  • City, Other
  • Year Built:
  • 1930
  • Conforms To Zoning:
  • Rg2
  • Existing Land Use:
  • Multi-Family
  • Lot Size Source:
  • Owner
  • Road Type:
  • Paved
  • Suitable Use:
  • Multi-Family
  • Days On Market:
  • 83
  • Price Per Acre:
  • 2902570.06
  • Special Conditions Of Sale:
  • Investor Owned, Sold As/Is
  • Property Taxes:
  • $7,505
  • Tax Year:
  • 2019
  • Bedrooms On Main Level:
  • 4
  • Full Bathrooms On Main Level:
  • 2
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing provided courtesy of Red Rhino LLC
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