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2531 Davenport Street
Smyrna, GA 30080
Asking Price
$375K
Asset Type
Land
Class
Class B
What's Special
2531 Davenport St, Smyrna, GA — 1.12-acre vacant lot <p>This 1.122-acre (48,883 SF) residential development site is located in Smyrna, roughly 10 miles northwest of downtown Atlanta with direct access to I-75, I-285, and I-20. Currently zoned R-15 (Single-Family Residential), the site falls within Smyrna's Future Land Use designation for Medium Density Residential, supporting an exploratory rezoning to RAD that could accommodate up to 8 units.</p><p>The property benefits from Smyrna's strong growth and proximity to the Cumberland/Galleria business
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NOI
$80,000
Cap Rate
21.33%
DSCR
3.59
Strong
Cash-on-Cash
51.32%
Monthly Payment
$1,855.295
Annual Cash Flow
$57,736.455
