BiggerPockets

Description:

This one is a geat deal!! Great seller (same seller like the other GA lite rehab I have posted yesterday). House needs mostly cosmetic/update. Very good neighborhood – THIS WILL SELL BY TOMORROW!!

Wholesale deal in Snellville, located in Norris Lake . This is another typical rehab job! It’s a nice looking ranch sitting on a double corner lot. INVESTOR SPECIAL Lake Norris Subdivision! $46,000 cash/hard money Priced Low For Quick Sale ! Lane Snellville, GA 30039 GWINNETT COUNTY This is a wood siding contemporary ranch style home built in 1979 with a one car garage! This home offers 3 bedrooms with 2 full baths and sits on a wonderful landscaped corner lot. A small 2nd lot is actually deeded with the house. The following is estimated repairs to retail: interior/exterior paint – $2500, new flooring – $2000, new roof – $3000, some minor plumbing repairs and new light fixtures, – $1000, HVAC – $4000 (might be ok but old), new hot water heater – $750, kitchen appliances and counters – $2000, bathroom updates – $1000, misc. and landscaping – $1000. Total rehab expense to retail about $18k! Much less for rental, probably less than $10k. Tax value of $108,300! The home last sold for $87,000 on 9/5/97 and has an as is value of $102k. In order to sell quickly, price at $99.9k after rehab and should be able to turn fast. Rent rate for this house will be $800-$850 per month. Contact: Conny Wolfram @ 310-461-9150