East Atlanta 6-unit gated Townhome Approved and Funded Development

Atlanta, GA (Dekalb County)

East Atlanta 6-unit gated Townhome Approved and Funded Development
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Asking Price: $400,000

Cash Flow: $889,570

Gross Revenue: $2,700,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

East Atlanta 6-unit gated Townhome Approved and Funded Development

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Business Description

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 sq ft per unit, $119.00 sq ft 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.
PROOF OF FUNDS AND SIGNED NDA MUST BE RECEIVED PRIOR TO DISCLOSING ANY FURTHER INFORMATION.

Detailed Information

Business Website:
http://bizbuybrokers.com/index.html
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(from currently available funds)
 
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Driss Senhaji

Business Listed By:
Driss Senhaji

Atlanta Business Brokers LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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