Sold

916 Greenwood Avenue NE

Atlanta GA, 30306

$1,940,000


$64.67 per sqft

Sold

4 Beds

0.69 Acres

Land

Built in 1930

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. Property Address include: 910 Greenwood Ave, 916 Greenwood Ave, 920 Greenwood Ave
Gross Rent: 910 Greenwood: $3580, 916 Greenwood: $3095, 920 Greenwood: $4509
Price is firm

6816771

MLS ID

March 7, 2024

Updated

Map

916 Greenwood Avenue NE
Atlanta GA, 30306

Exterior/Building Features

Lot Size

0.69 Acres


Lot Features

Other


Architectual Style

Other

School Information

High School

Midtown


Elementary School

Springdale Park

Other Property Details

Taxes

$7,505


Tax Frequency

Annually


Days on Market

89


Garage

No


View

Yes


View Description

City, Other


County

Fulton


Pool

No


Zoning

RG2


Buyer Agency Compensation

3%

Bought with Non-Mls Nmls with Non FMLS Member and Listed by Ian Mendelson with Red Rhino LLC  770-435-0887

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