05/31/2024
(pending)🚨 Investment Opportunity: New Construction in Brookhaven, GA 🚨
📍 3209 & 3213 Mae Ave NE, Brookhaven, GA 30319 🏡
We currently hold the contracts for these on-market properties and are offering a prime investment opportunity in a highly sought-after area.
Best Use:
New Construction: Build energy-efficient homes with large rooms, modern kitchens, and smart home technology to maximize property values and meet market demands for contemporary living spaces.
Investment Details:
Cash Price: $350K (obo) + Closing Costs (each)
ARV: $1.1M - $1.3M (each)
New Construction & Demo Costs: $500,000 - $600,000 (each)
EMD: $5,000 (non-refundable, no option period) (each)
Offers: Accepting offers on both properties as a package or separately
Comparable Sales:
3205 Mae Ave NE: Sold for $840,000 in October 2022. Smaller property with 3,060 sq ft, built in 2004. (Redfin)
3253 Mae Ave NE: Sold for $1,360,000 in May 2024. 3,670 sq ft with 5 bedrooms and 5.5 bathrooms, built in 2022. (Redfin)
3197 Mae Ave NE: Sold for $1,050,000 in April 2023. 4 bedrooms, 3.5 bathrooms, 2,798 sq ft, built in 2007. (ColdwellBankerHomes.com) (Redfin)
Investment Highlights:
Prime Location: Brookhaven is known for its excellent schools, parks, and amenities.
High Market Demand: Modern, high-end homes in this area often receive multiple offers and sell at or above asking price.
Versatile Zoning: Suitable for single-family homes, short-term rentals, and commercial use.
Appreciating Values: Brookhaven's real estate market is appreciating, making it a lucrative investment.
Summary:
Investing in new constructions at 3209 and 3213 Mae Ave NE offers significant potential for high returns. The demand for luxury homes in Brookhaven, coupled with the large lot sizes, makes these properties ideal for redevelopment. Whether sold as a package or separately, these properties are set to attract buyers seeking modern, high-end homes in a prime location.
Assignment of Equitable Interest
📞 Contact us today to seize this incredible investment opportunity!