2072 E Roxboro Ne Rd Brookhaven GA 30324 MLS 7334576

$625,000

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Home Description: 2072 E Roxboro Ne Rd

Amazing Investor Opportunity - Several Options. Finish the current renovation and keep this as a rental. Current rents are below market at $1675 at 50% Occupancy while renovations are completed. Potential for an additional $2950 in monthly rents once remaining renovations are complete. Raise other units to market rents for potential additional rents of $1025. Gross Rent Potential $5650 The house has a new roof, new foam insulation in the attic, new insulation in the exterior walls, New Windows, New Siding, New Paint, Amazing Repaired and resurfaced Plaster Ceilings and walls. All new exterior trim, framing repairs and reinforcements, new stand and seam metal roofs, Updated electrical throughout most units, updated plumbing trim, Refinished Original Wood Floors in most units. New Paint inside and out. Option 2 - scrape and build a New Construction Home. Comps in the area can range from 1.8M-2.6M respectively to size for New Construction Spec and Custom. City will allow access from side street which is a great dead end street. This could allow for a large side entrance garage. You can keep the E Roxboro address and still access from E Roxboro. This could keep the lower tax potential reserved for lots on arterial roads. Also The City of Brookhaven has begun work on their Multi-Use Path which will provide walking and potentially bike access to surrounding parks, walking trails, and restaurants. Option 3 : Apply for a lot split. This lot was rezoned when Brookhaven Incorporated as a city and the new zoning allows there to be enough frontage on the side street for a potential lot split while still meeting minimum requirements for current zoning. Minutes away from Arthur M Blank Children's Healthcare of Atlanta Hospital, CHOA's new Center for Advanced Pediatrics Building, CHOA Support Offices, Emory's New Musculoskeletal as well as Emory's PT and Hawks Training Facility. Also located just miles away from Emory's Main Campus Hospital, 2 Different CDC Buildings, PDK Airport, Brookhaven Village, Capital City Club Brookhaven, and Roxboro Pool. Also close to some of the most authentic food in Atlanta Along Buford Highway, and Cheshire Bridge. AS-IS WHERE-IS Sale Listing Agent is related to Member of Ownership. Listing Agent is Agent/Owner Member of the Ownership is a licensed Real Estate Agent in The State of Georgia