* Funding Partner Opportunity *

Transaction Details - 2.4 Acre Property In GA

Property Acquisition Cost: $21,237

Closing Costs: +/- $2,000

Total Transaction Purchase Price (including closing costs): $23,237

Market Value Of Property: $108,000 (see comps below)

Anticipated Sale Price: $70,000

Anticipated Transaction Completion Time: 120 days

Title or Notary Acquisition? Title

Title or Notary Sale? Title

Percentage Of Funding Required From Partner: 100%

Funding Partner Profit Split: 40/60 (40% + return of capital to Funding Partner)

Anticipated Budget: $70,000 – $21,237 – $2,000 (CC) = $46,763

Funding Partner Receives: $18,705.20 (40%) plus return of capital

Comps

#1: 1.26 acres – Price: $53k ($42k/AC) – 1311 S. Gordon Rd

#2: 4.7 acres – Price: $175k ($37k/AC) – 1171 S. Gordon Rd

#3: 1.96 acres – Price: $90k ($45k/AC) – 0 Gardner St

#4: 2.9 acres – Price: $140k ($48k/AC) – 6443 Factory Shoals Rd

#5: 3.3 acres – Price: $140k ($42k/AC) – 6475 Factory Shoals Rd

#6: 1.6 acres – Price: $75k ($47k/AC) – 16A Witt Dr

#7: 1.88 acres – Price: $117k ($62k/AC) – 489 Lee Rd SW

Median Price Per Acre Of Comps: $45k

Market Value Of Property: $108k (2.4 acres x $45k = $108k)

(Please scroll down to see additional details about this property.)

2.4 Acre Buildable Lot In Cobb County - Can Sub-Divide
5 Miles Southwest of Downtown Austell, GA
- Includes A 540 Ft. Easement/Driveway Off S. Gordon Road
(Property is 13 miles west of Downtown Atlanta)

Discounted Cash Price: $74,485

A private, quiet 2.4 acre buildable lot in Austell, GA – set back approx. 540 feet south of South Gordon Road SW.
Includes an easement/driveway (asphalt) that is approx. 540 feet. The lot is also surrounded by a chain link fence.
This property is perfect for building your new dream home in a peaceful, park-like estate setting that’s in the middle of an urban area.
It’s also ideal for a home builder as it is situated in a nice area… and it can be sub-divided into lots as small as 20,000 square feet (0.45 acre) each.
Could also be used as a safe storage area… as it is hidden “off the beaten path”.
Property is 5 miles from Downtown Austell… and it’s 13 miles west of Downtown Atlanta.
Easy, quick access to I-20 and I-285.
From this property, you are just a short drive away from Arbor Place Mall… Cumberland Mall… Town Center… Kennesaw State University… Six Flags Over Georgia… Sweetwater Creek State Park… and more.
Sweetwater Creek State Park is 7 miles from the property. This beautiful and peaceful 2,549 acre park offers hiking (15 miles of trails)… birding… picnicking… boating… fishing… and GeoCaching. You can also rent fishing boats, canoes, kayaks, stand-up paddleboards, and pedal boats during the warmer months.
Hartsfield-Jackson Atlanta International Airport is 20 miles from the property.
Here’s a rare opportunity to own a private lot – in a beautiful setting – that’s ideal for building a home… or sub-dividing and building multiple homes. This lot is priced below market value to sell fast. Get it under contract now before someone else does… and you’ll be the owner of a very special land parcel that will include tons of built-in equity (even if you do not sub-divide it)… making it an excellent investment.

Property Location

Street Address: S Gordon Road SW

Subdivision: N/A

City: Austell

County: Cobb

Zip Code: 30168

Approximate Distance To Nearby Cities & Towns:

Downtown Austell – 5 miles
Douglasville, GA – 11 miles
Atlanta, GA – 13 miles
Marietta, GA – 15 miles
Sandy Springs, GA – 23 miles
Athens, GA – 77 miles
Macon, GA – 93 miles
Columbus, GA – 104 miles
Chattanooga, TN – 114 miles

GPS Coordinates: 33.790803, -84.587799

4 Corner GPS Coordinates:

Northwest Corner: 33.791527, -84.588108

Northeast Corner:33.791504, -84.587418

Southeast Corner: 33.790011, -84.587398

Southwest Corner: 33.790027, -84.588102

Google Map Link: https://goo.gl/maps/U4nZ32kYtxwo2Myx6

Property Details:

Size: 2.4 acres

School District: Cobb County School District

Elementary School: Bryant Elementary School

Middle School: Lindley Middle School

High School: Pebblebrook High School

Property Taxes: $874.08 per year

Water: Provided by Cobb County Water System – Tel: 770-419-6200

Electricity: On the road, provided by Georgia Power – Tel: 888-660-5890

Sewer: Septic tank needed

Gas: Austell Gas System – Tel: 770-948-1841

Mobile Home Allowed: No

Flood Zone: No

Area Information:

Austell is a city in Cobb County and its downtown area is 5 miles from the subject property. In 2020, the City of Austell had a population of 7,235.

In 2020, Cobb County had a population of 765,029. Marietta is the County Seat of Cobb County. Marietta is 15 miles north of the subject property with a population of 60,806 in 2018.

Atlanta is 13 miles from the property with a population of 523,738 in 2020.