2266 Collins Drive Nw, Atlanta

$275,000

0 Bed
0 Bath
.74 Acre
0 Garage

Value add opportunity. The R-5 lot is large enough to be divided into four (4) conforming lots. The property adjoins the planned extension of the Whetstone Creek Trail to the new Riverwalk Atlanta Trail. Currently the existing duplex is rented for a total of $1200 a month and the property is offered at a discounted price compared to the land value. To achieve the upside potential of four lots worth $150,000 each, the buyer must gain approval of a sewer solution, as the property is currently served by a septic tank. The available sewer is a distance of 216' away with a higher elevation of 15-20 feet. The Buyer would need approval from Watershed Management for an ejector pump solution for each of the 4 lots to have separate laterals to right of way on Bolton Road. Do not disturb tenants. Prospective buyers should drive by to view property, appointment required to walk the property. No showings until due diligence. The house is in poor condition and sold AS-IS. The same tenants have been in place for 8+ years.

Essential Information
MLS® #6923221
Price$275,000
Bathrooms0.00
Acres0.74
Year Built1910
TypeMulti-Family
Sub-TypeDuplex
StatusHold
Community Information
Address2266 Collins Drive Nw
Area22 - Atlanta North
SubdivisionRiverside
CityAtlanta
CountyFulton
StateGA
Zip Code30318
Amenities
AmenitiesNone
UtilitiesWater Available
Parking Spaces3
ParkingDriveway
ViewOther
Interior
HeatingOther
CoolingOther
StoriesOne
Exterior
Lot DescriptionOther
RoofComposition
ConstructionCedar
School Information
ElementaryBolton Academy
MiddleSutton
HighNorth Atlanta
Listing Details
Listed By:Keller Williams Buckhead
Property History
Status Changed from Active to Hold
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Listing information last updated on October 22nd, 2021 at 12:45am CDT.