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.
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Listing information last updated on October 22nd, 2021 at 12:45am CDT.