ATLANTA, GA 30314

Asking Price: $194,900

Estimated ARV: $450,000+ (with ADU addition)

Estimated Repairs: $70,000 - $90,000 (full rehab of the main house, ADU not included)

Property Overview This 3 bed / 1 bath home in the historic Ashview Heights neighborhood of Atlanta offers 1,262 sq ft on a 0.1313-acre lot. Built in 1920, it needs a full rehab. The property is zoned R5 and is ADU eligible, which gives a buyer the option to add a second unit. It also has a 240 sq ft carport and a 160 sq ft attached utility space. The property is vacant with lockbox access and is within walking distance of the Atlanta University Center (AUC).

Deal Details

• Bedrooms / Bathrooms: 3 BR / 1 BA
• Living Area: 1,262 sq ft
• Year Built: 1920
• Lot Size: 0.1313 acres
• Zoning: R5, ADU eligible
• Carport: 240 sq ft
• Attached Utility Space: 160 sq ft
• Condition: Full rehab needed
• Occupancy: Vacant, lockbox access
• Location: Historic Ashview Heights, walking distance to AUC

Numbers Snapshot

• Purchase Price: $194,900
• Estimated Repairs: $70,000 - $90,000, excluding the ADU build
• All-In Cost: $264,900 - $284,900, excluding the ADU build
• Estimated ARV: $450,000+ with ADU addition
• Estimated Gross Spread: $165,100 - $185,100, before ADU construction, closing, and holding costs
• Market Rent: $1,800+/mo for the main house
• Market Rent with ADU: $2,800+/mo

Why This Deal Works

• ADU eligibility adds a second income stream or a higher resale value.
• The historic Ashview Heights location is within walking distance of AUC.
• The home is vacant, so a buyer can start work quickly.
• The rent projection rises from $1,800+ to $2,800+ per month with an ADU.

Ideal For

• Fix and flip investors who want to add an ADU for a higher exit value
• Buy-and-hold investors looking for a rental with two income streams
• Builders and contractors comfortable with a full rehab and an ADU build

Important Note: All figures are estimates. The buyer should complete independent due diligence, including zoning, ADU eligibility, and permitting.

Contact John for more details or to make an offer: (678) 498-5675