2206 Vesta Ave NW - Residential LAND FOR SALE


Atlanta, GA 30314- Dixie Hills13,399 SF
$185,000 USD
404-704-0415
2206 Vesta Ave NW, Atlanta, GA for Sale
$185,000 USD
Residential LAND - FOR SALE
1/7
13,399 SF

2206 Vesta Ave NW
Atlanta, GA 30314
Dixie Hills


HIGHLIGHTS

  • Engineered site plans included — P.E. licensed, July 2024
  • Permit application filed with City of Atlanta 4-unit townhome development plan (4BR/3BA each)
  • All utilities confirmed: water, sewer, power, gas, telecom

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$185,000 USD

PRICE/ACRE

$601,387/AC

PRICE/SF

$14 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

2206 Vesta Ave, Atlanta, GA 30314

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

0.31 AC

LAND SF

13,400 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Telephone

ZONING

RG-3

APN/PARCEL ID

14-0180-0004-074-4

ASK ABOUT THIS PROPERTY

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404-704-0415

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Edwin ReinaExcess Funds RecoveryMore Info
404-704-0415

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