$55,000
For Sale

1840 Wells Drive SW

Atlanta, GA 30311
Type:Purchase
Structure:Land
Zone:Residential

Description

Welcome Home ATL to 1840 Wells Dr SW-your next sizable, build-ready opportunity in the fast-rising Cascade/Adams Park corridor. This 0.8-acre, R-3 zoned lot offers 90 feet of frontage and gentle grades for an easy slab or basement build, plus room for a 2-car garage and outdoor living space. New construction ranging from 2,600-3,100 sq ft is commanding $640K-$770K, translating to a promising 20-25% margin on a 4-5 bed plan-or a 6% cap rate at approximately $2,800/month if held as a rental. All utilities are available at the street, and proximity to the BeltLine, airport, and Tyler Perry Studios keeps buyer demand strong.

  • Property Details
      • Elementary SchoolOut of Area
      • High SchoolOut of Area
      • Property TypePurchase
      • MLS #10494526
      • MLS #10494526
      • CountyFulton
      • Taxes Annual$1,084
      • Lot DescriptionLevel
      • Middle SchoolOther
      • Cost55000
      • Acres0.84
      • Subdivisionnone
      • Property SubtypeLand

Location

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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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