PERMIT-IN-PROGRESS DEVELOPMENT LOT — RG-3 ZONING — 4-UNIT TOWNHOME SITE
Rare off-market opportunity to acquire a shovel-ready lot in Atlanta's southwest corridor with engineered site plans already in hand.
WHAT'S INCLUDED:
• 13,068 SF vacant lot (RG-3 — Medium Density Residential)
• Engineered site plans for 4-unit townhome development (July 2024)
• Completed by licensed P.E. — Accurate Engineering & Inspections Co. (Lic. No. 16661)
• Permit application filed with City of Atlanta
• Property survey included
• All utility providers confirmed to site
UTILITIES CONFIRMED:
• Water & Sewer — Fulton County
• Power — Georgia Power
• Natural Gas — Atlanta Gas Light
• Telecom — AT&T
DEVELOPMENT PLAN — ILLUSTRATIVE PRO FORMA:
• Unit Mix: 4 × 4BR / 3BA townhomes
• Total Building SF: 5,220 SF
• Est. Construction Cost: ~$678,600 ($130/SF)
• Total All-In: ~$863,600
HOLD STRATEGY (rental):
• Gross Monthly Rent: $8,800 (4 units × $2,200/mo)
• Annual Gross Rents: $105,600
• Est. NOI (35% exp): ~$68,640
• Est. Cap Rate: ~7.1%
EXIT STRATEGY (sell):
• Sale Price / Unit: ~$325,000
• Gross Revenue (4 units): ~$1,300,000
• Gross Profit (pre-costs): ~$436,400
• ROI: ~51%
TERMS: All cash preferred. As-is. Available immediately. First qualified offer.
All figures illustrative. Buyer to verify all details independently.