East Atlanta 6-unit gated Townhome Approved/funded

Atlanta, GA
Fulton County

Asking Price: Annual Revenue:
$400,000 $2,700,000

Commercial Real Estate: Non-classifiable

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RE: East Atlanta 6-unit gated Townhome Approved/funded Broker: Driss Senhaji
License #: 292718

Quick Facts

Asking Price: $400,000
Annual Revenue: $2,700,000
Net Profit: $889,570
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 139956631
Broker Reference #: Not Disclosed

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Business Overview:

A fabulous exclusive 6-unit gated Townhome community located in a prestigious East Atlanta in-town neighborhood. East Atlanta is well known for its walkable streets, shops, quaint bars, diverse restaurants, and of course it’s close proximity to downtown Atlanta.

Located just 1 1/2 miles off of the 1-20 interstate, The townhouses development will feature a mid-century modern sleek design, 3 bedrooms, 3 1/2 baths, two car garages, three levels, with rooftop deck. Modern living at its finest will feature energy efficient, environmentally friendly sustainable construction. Standard features will include hardwood floors, granite countertops, tile bathrooms, balconies on each level, energy star appliances, and other smart home features.
This intimate, gated development in a live, walk, play community is bound to be a hit. Homes will start selling in the Mid $400,000.00 projected to start construction in early 2019.

Project Cost:
Purchase of Land - $130,000.00 (Already zoned C-1 which allows for townhomes)
Land Development Cost - $274,300.00 (Clearing, grading, sewer, street, curb, & gutter Includes engineering, architectural and other Phase 1 items)
Total Phase 1- $404,300.00 ($67,384.00 per unit)
Construction Cost - $1,406,130.00 ($234,355.00 per unit x 6 units, 1,970 square feet per unit, $119.00 square feet to build)
Total All In -$1,810,430.00 (Phase 1 & 2)
Projected Sales -$2,700,000.00 ($450,000.00 per unit x 6 units)
Potential Gross Profit -$889,570.00

All the work has been done to get this project ready for construction, building permits had been submitted to the city of Atlanta and the loan is also in place.

Call or email for the breakdown of the sales price and offering memorandum.

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Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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