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190 Cleveland St SE - Cleveland Street Development Opportunity 0.15 Acres of Commercial Land Offered at $550,000 in Atlanta, GA 30316
Investment Highlights
- Deep lot Suitable for ADU
- Set up for a home with a basement
- Graded and cleared lot
Executive Summary
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$29,400
|
$196,000.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$29,400
|
$196,000.00
|
| Taxes |
$6,524
|
$43,493.33
|
| Operating Expenses |
$1,000
|
$6,666.67
|
| Total Expenses |
$7,524
|
$50,160.00
|
| Net Operating Income |
$21,876
|
$145,840.00
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $29,400 |
| Annual Per AC | $196,000.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $29,400 |
| Annual Per AC | $196,000.00 |
| Taxes | |
|---|---|
| Annual | $6,524 |
| Annual Per AC | $43,493.33 |
| Operating Expenses | |
|---|---|
| Annual | $1,000 |
| Annual Per AC | $6,666.67 |
| Total Expenses | |
|---|---|
| Annual | $7,524 |
| Annual Per AC | $50,160.00 |
| Net Operating Income | |
|---|---|
| Annual | $21,876 |
| Annual Per AC | $145,840.00 |
Property Facts
| Price | $550,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 0.15 AC |
| Zoning | R5 - Med-High density residential district that allows for a variety of housing types incl single-family detached, ADU's,Duplex,Triplex,Townhouses,Infill. | ||
| Price | $550,000 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Single Family Development |
| Total Lot Size | 0.15 AC |
| Zoning | R5 - Med-High density residential district that allows for a variety of housing types incl single-family detached, ADU's,Duplex,Triplex,Townhouses,Infill. |
1 Lot Available
Lot
| Price | $550,000 | Lot Size | 0.15 AC |
| Price Per AC | $3,666,666.67 |
| Price | $550,000 |
| Price Per AC | $3,666,666.67 |
| Lot Size | 0.15 AC |
50' Wide by 132' deep. Gentle slope towards the back of lot which allows for a daylight basement. Deep lot can accommodate a free standing 3 car garage with ADU above.
Description
Prime rapidly evolving Reynoldstown location close to the Eastern Beltline and easy access to I20, DT Atlanta, Decatur, Emory, CDC, and popular intown neighborhoods. Quiet, dead end street with some homes in the Million $ range. Perfect for new build or Remodel and expand. 3/2/1 approximately 1900 square feet Townhouse across the street is listed for $750,000 or $390/ sq foot. ARV for minimum 4000 square feet new build is $1,560,000, plus the value of a conforming 750 square ft ADU, ARV can exceed $1,750,000.
Property Taxes
| Parcel Number | 14-0013-0011-058-1 | Total Assessment | $159,480 (2025) |
| Land Assessment | $87,360 (2025) | Annual Taxes | $6,524 |
| Improvements Assessment | $72,120 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
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190 Cleveland St SE - Cleveland Street Development Opportunity
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