Exceptional shovel ready opportunity in East Point. The subject property is a 5-acre parcel of land, primed for community development. Land Disturbance Permit in hand for 20 single-family lots on slab. Cleared and graded in 2006, the landscape features only new growth trees on a level lot offering low land development costs. The absence of rent restrictions allows for a Build to Rent investment option. Proximity to a robust job market ensures steady rental demand. A community designed for success awaits, with an average rent of $2,500/month. The Build to Sell potential for a great return, with new construction homes' After Repair Value in the low $400,000s.
The median home value in East Point, GA is $237,500. This is lower than the county median home value of $413,600. The national median home value is $338,100. The average price of homes sold in East Point, GA is $237,500. Approximately 36.37% of East Point homes are owned, compared to 50.64% rented, while 12.98% are vacant. East Point real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a East Point real estate agent to arrange a tour today!
East Point, Georgia has a population of 37,895. East Point is less family-centric than the surrounding county with 15.9% of the households containing married families with children. The county average for households married with children is 30.15%.
The median household income in East Point, Georgia is $50,371. The median household income for the surrounding county is $77,635 compared to the national median of $69,021. The median age of people living in East Point is 35.1 years.
The average high temperature in July is 89.4 degrees, with an average low temperature in January of 33.1 degrees. The average rainfall is approximately 50.7 inches per year, with 1.6 inches of snow per year.