Excellent opportunity for developers and impact-oriented investors seeking prime mixed-use redevelopment sites in a rapidly revitalizing area. This three-property package (two duplexes and one single-family home totaling 0.42 acres) is strategically located in Atlanta’s Lakewood Heights, zoned MRC-1-C (Mixed Residential Commercial), permitting a wide range of potential uses—from vibrant mixed-use residential and retail projects to community-centric affordable housing developments.
Benefit from significant economic incentives through its designation within a Community Development Impact Area (CDIA), including eligibility for Low-Income Housing Tax Credits (LIHTC), affordable housing financing, and job creation tax credits.
Immediate cash flow with an estimated gross annual rental income of $52,500 offers financial support during project planning phases. All tenants are currently on a month-to-month lease with flexible move out dates. With close proximity to Lakewood Amphitheater and The Ron Clark Academy, this package represents an ideal investment poised to capitalize on significant neighborhood growth, community renewal, and long-term capital appreciation.
Contact listing agent directly for additional zoning information, potential project scenarios, or site-specific inquiries.