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$250,000

Beds
3
Baths
2.0
sq ft
Unknown

1640 Lakewood Ave SE, Atlanta, GA 30315

1640 Lakewood Ave SE

Atlanta, GA 30315

  • 11 days on market
Attention investors and developers! Check this out: a package deal of three lots totaling .42 acres, including two duplexes and one single-family home. Each lot is priced individually to simplify your investment decision. Seller is looking to sell all three properties at the same time. The properties are located at: * 1644 Lakewood Ave. SE, 30315 (Duplex) * 1640 Lakewood Ave. SE, 30315 (Duplex) * 1653 Richmond Ave. SE, 30315 (Single Family Home). All three with commercial zoning, these parcels offer a range of possibilities. Maintain them as rental properties with some upgrades, or take advantage of the zoning to develop multi-unit housing, mixed use buildings, or a series of single-family homes or townhouses. Located on Lakewood Avenue, close to the Lakewood Amphitheater and The Ron Clark Academy, the area is experiencing a surge in new construction and development, signaling a prime time to invest!

Details

Property type

Single Family Residence

Est. home value

$165,195

Lot size

0.27 acres

Price per sq ft

Unknown

Year built

1940

Annual property taxes

$2,111

HOA

No

Price History

03/20/2025
FMLS

FMLS #7543001

Listed
$250,000
-7.06%
12/17/2024
FMLS

FMLS #7484620

Removed
$269,000
11/12/2024
FMLS

FMLS #7484620

Listed
$269,000
-14.6%

Schools & Community

Neighborhood: 

Lakewood Heights

Elementary school: 

Thomas Heathe Slater

Middle school: 

Judson Price

High school: 

G.W. Carver

Community features: 

None

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Citizens Tr Bk

Loan start date

August 2006

Original loan amount

$65,600

Est. remaining balance

Not provided

Interest rate

6.78%

Loan type

Commercial, 20 year

Seller

Genet Fekede

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/31/2025 at 9:10 AM

Listing updated: 03/25/2025 at 2:40 PM

Listed by: Nicholas Dixon, Atlanta Communities Phone #: (404) 844-4198

MLS: FMLS #7543001

FMLS logo

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