Oppurtunity to Teardown and Build in Prestigous Ansley Park neighrborhood of Atlanta
Hello Bigger Pockets and thanks for checking out my deal today.
I work for a property acquisitions company here in Atlanta called Networth Realty. I am a licensed real estate agent but I am not seeking commissions. I work on a team of agents and we only have our licenses to get homes under contract to sell to investors. I specialize in providing distressed properties to local investors at deep discounts to renovate and resell. I have an unsurpassed level of market knowledge, contacts in the industry, and exceptional wholesale opportunities. I am not your typical wholesaler I am a real estate investment specialist who does this full time on a large successful scale. I know exactly what our investors need to build a strong portfolio and we strive to bring only the best deals to the table.
Todays find comes in the Ansley Park Neighborhood here in Atlanta. This home is located on the same street as million dollar homes. This is a very high end project perfect for experienced builders. This deal is off market and direct from the seller! We have a unbelievable deal here that shouldnt last long. Sitting on this lot currently is a 1930's built 4/3 that is about 1820 sq ft. The subject properties lot size is 7,349 sq ft.
ARV.............................$1,000,000
Rehab Est: .................$200,000
Purchase Price: .........$490,000
Comparables (within a halfmile of subject property within last 6 months)
Sold:....$1,792,000...189 Avery Dr Atlanta 30309....Lot size.....6,451 sq ft
Sold:...$1,059,700..34 The Prado NE Atl 30309...Lot Size...7,257 sq ft
Sold...$525,000...76 Montgomery Ferry Dr.....Lot SIze.....7,980 sq ft
The third comp is a Tear Down purchased for lot value.
My property is not listed on the FMLS! If you are a serious builder and looking for a project contact me now so we can discuss further. I have any and all information that you will need and I am just not posting it on here to protect my relationship with the seller as well as establish a working relationship with potential investors. Thanks BP!