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309 Hill St SE
Atlanta, GA 30312
Asking Price
$2.30M
Asset Type
Residential Land
Class
Class B
What's Special
Land | 0.83 acres <p>• ±0.83-acre assemblage in Grant Park</p><p>• Includes ±0.51-acre site + two single-family home lots</p><p>• Plans & permits for 34 residential units + 27 parking spaces</p><p>• Expansion potential with adjacent lots</p><p>• Zoned SPI-22 SA4 (Memorial Drive/Oakland Cemetery District)</p><p>• Walkable to Summerhill, Reynoldstown, Old Fourth Ward & South Downtown</p><p>• Steps to restaurants, retail, and entertainment</p><p>• Blocks from 48-acre Oakland Cemetery destination</p><p>• 9-minute wal
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NOI
$80,000
Cap Rate
3.48%
DSCR
0.59
Underwater
Cash-on-Cash
-8.20%
Monthly Payment
$11,379.145
Annual Cash Flow
$-56,549.741
