1112 Delaware AveAtlanta, GA 30316

Property Details for 1112 Delaware Ave

Year built

1930

Lot size

0.17 AC

Property size (Sq ft)

2,560 SF

Zone code

R4

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

14 001100070811

APU

14001100070811

Description

This exceptional 2,560 square foot property, situated on a 0.17-acre lot at 1112 Delaware Avenue SE in Atlanta, Georgia, presents a rare opportunity. Built in 1930, this historic building offers a captivating blend of character and modern convenience, perfect for a live/work lifestyle. The R4 zoning, with mixed-use and commercial use conformities, allows for diverse applications. The interior boasts exposed brick walls throughout, adding to its unique aesthetic appeal. Two separate rooms, adaptable as bedrooms or offices, provide flexibility. The main area is open-concept, seamlessly integrating a kitchen and a fully renovated bathroom featuring a tiled walk-in shower. Security is enhanced by a fully fenced perimeter and a secure gate. Off-street parking is readily available via a long driveway. Its prime location offers easy access to the vibrant shops and restaurants of the nearby Ormewood Park neighborhood. This is a truly one-of-a-kind property, brimming with potential and ready for its next chapter. Priced at $799,000, this offering represents a significant investment in a highly desirable Atlanta location.

• CAP approach

  CAP return

  Valuation

  6%

  $352,015

  6.5%

  $324,937

  7%

  $301,727

• Comparable approach

  Method

  Valuation

  Relative Method

  $499,354

  Geo Method

  $499,354

• Alternative Use

  Use

  Valuation

  Residential

  $402,922

  Hospitality

  $369,074

  Educational

  $307,066

  Medical

  $317,626

  Retail

  $477,658

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.7321

Longitude

-84.3513

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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