CLASSIC CRAFTSMAN STYLE HOME IN EAST ATLANTA VILLAGE (EAV)
About the opportunity:
|Address:||511 Blake Avenue, Atlanta, GA 30316|
|Construction Manager:||LCM, Inc.|
|Property Type:||Single Family Resedential Renovation and Addition|
|Investment Type:||Debt, Secured by the property. Security is subordinate to bank financing|
and Revenue Share:
|8% base rate plus abonus based on sales price
|Warranty:||(1 Year Renovation Warranty)|
Offered is an Addition and Renovation of an existing 2/1 on main level with 1/1 on the terrace level that is approximately 928 SF on the main level. This new opportunity includes raising the roof to create an additional 844 SF on the second newly raised level, while improving all remaining aspects of the existing structure. This process provides a completely recreated craftsman style home with 4/4 on the top two floors, not including the terrace level with a Live in Suite. This improvement would also allow for a newly improved Glenwood porch/frontage in addition to improving the Blake porch/frontage, while adding upper, covered bedroom porch areas and a kitchen/living room with direct access to side deck/patio areas, resulting in four covered deck/patio areas outdoors.
Newly constructed Second Level features: a Master Bedroom with Private Bath, Walk In Closet, Private Fireplace and Private Covered Porch; Large Laundry; Secondary Bedroom with Private Covered Porch and an additional bathroom.
Other features throughout the home include: 2 Office/Bedrooms on Main with direct porch access, Fireplace in Living Area, Fully Renovated Kitchen with new Solid Surface Tops and Large Island Bar Top, Open Kitchen/Living/Dining Floor Plan for entertaining connected to Private Covered Porch, Terrace Level Suite with Bedroom, Bathroom, Kitchenette Hook Ups and Entertaining Room, while leaving additional space for interior Mechanical and Storage Room, Private Wrought Iron Style Fencing around Entire Property, Stone Veneered Entry Patio, New Hardie Siding and Shake Exterior.
About the property:
|Garage:||Parking pad 1-2 cars|
|Patio(4):||620 sqft total|
|Front Porch:||200 sqft|
|Note – Based on architect’s estimates|
|Acerage||.15 Acre (6,330 sqft)|
|Topography||Sloped corner to corner|
|Ceiling Height:||8′ Main level, 8′ Upper level|
|Site Finished Hardwood||Main Floor(Living, Kitchen, Dining, Bedroom/Offices, Closets)|
|Carpet||All Bedrooms and Closets|
|Ceramic Tile||All Bathrooms and Terrace Suite|
|Base||All finished areas on main and upper|
|Crown||All finished areas on Main and Upper, except Closets and Laundry|
|Trim||All Windows, Doors, and Openings|
|Family Room||Ventless Gas Log|
|Master Bath||Stain Grade|
|Secondary Baths||Paint Grade|
|Lighting||Recessed 6″ Cans Throughout Upper and Main, Pendants and Globes as needed|
|Interior Doors||6 panel 3070|
|Door Hardware||Brushed Nickel|
|Main Level||2 Ton – Gas Programmable Zones|
|Upper Level||2 Ton – Gas Programmable Zones|
|Sink Faucets/Shower||Brushed Nickel|
|Sinks||Stainless Double Bowl Kitchen, Porcelain Single Bowl Baths|
|Water Heater||50 Gallon Gas|
|Master Bath||Walk In Ceramic Tile Shower and Soaking Tub|
|Secondary Baths||Composite Tubs with Ceramic Tile Surround|
|Toilets||Easy Height Toilets|
|Hose Bibs||Exterior, Minimum 2 Each|
|2 x 4 Exterior Walls||R-13|
|Caulking||per state code|
|Shelving||Metal Shelving in Closets and Pantry|
|Allowances (Pre-sale)||Carpet, Ceramic Tile, Hardwood, Plumbing Fixtures, Lighting, Appliances, Mirror, Shelving, Bath Accessories, Landscaping, Irrigation|
The higher resolution version of the plans can be downloaded from the documents section.
About the developer:
Developer: GLJ, LLC
Principal: Gregory Jackson – Greg has an ownership stake in Enotsyek Properties LLC, GLJ Investments LLC and Leon and III LLC. These real estate companies purchase, sell and lease commercial and residential properties. He also is a co-founder of Keystone Petroleum Transport LLC. Greg has a rich history of building businesses, and he has enjoyed success in the real estate and petroleum industries for over 23 years. His non-real estate ventures include petroleum distribution, petroleum transporting, fueling stations, high speed car wash systems and branded imaging applications.
Greg has owned and operated over eleven successful independent businesses- he is notorious for finding and capitalizing on underserved markets, and he believes that crowdfunding will be the next big vehicle for real estate finance.
Construction Manager: LCM, Inc.
Principal: Michael C. Lassiter – Over 20 years of experience in both the site development and general construction industry; having worked on and completed numerous phases of over 100 projects in Georgia, North Carolina and South Carolina, totaling more than $130 Million in volume. Mr. Lassiter holds a Bachelors of Science degree in Physics from Davidson College (BS 1994). By utilizing the most up to date estimating and modeling software packages and combining them with extensive construction knowledge, he has been able to carry projects in the mixed-use, retail, industrial, office, medical office and residential sectors from design to completion, handling all aspects of due diligence, design, construction and closeout, for site and infrastructure development in addition to design build and vertical build out.
About the neighborhood:
East Atlanta Village, also known as the EAV, is a richly historical and vibrant cultural neighborhood district of downtown Atlanta. Located just minutes east of the Capital and historic Grant Park, while only minutes south of Little Five Points, Inman Park, and Edgewood, the primary center of EAV is located off the expanding Atlanta Beltline. EAV offers the charm of a tight knit community along with a stimulating urban environment. An eclectic mix of restaurants, boutiques, galleries, parlors and music venues are centered around the crossroads of Flat Shoals and Glenwood, and offers a constantly packed schedule of events which include parades, music, festivals and a weekly farmer’s market, not to mention the close, 10 minute proximity to all that downtown and midtown Atlanta have to offer.