Residential Income

Amazing opportunity in a hot intown neighborhood! This property is part of a 3-lot assemblage that is just a short walk to Atlantic Station and minutes to GA Tech, all that the West side has to offer, Midtown, etc. The contiguous lots include this property and two on Barnes St. directly behind this one – in total it is two back-to-back corner lots and another lot next door. The two lots on Barnes St. are parcel numbers 17 0108 0005 0570 and 17 0108 0005 0588 (see photos). The total acreage is .32 acres with the two on Barnes being .13 acres each and this property on Lyle at .06 acres. The total for the 3-lot assemblage is $1,900,000. The Barnes St. properties include one lot/house with two separate units – each with 3 bedrooms and 2 baths, for a total of 6 bedrooms and 4 baths and the other lot/house has 4 bedrooms and 3 baths. These stay fully rented so the options are endless. This home on Lyle has a homeowner that is very flexible. Reduce your carrying cost while planning and permitting, keep as rentals and further develop later, build duplexes, high-end houses, etc. – R5 zoning! Please do not disturb tenants or homeowner. Closing is not possible until August.