Atlanta Area Wholesale SFR For Sale
Property 1 - $25,000 Equity
Single Family House Bedrooms: 4+ Baths: 3
437 Collier Ridge Dr Atlanta 30331
Est. After Repair Value (ARV): $100,000 Asking Price: $75,000 Estimated Cost of Repairs: $0 Profit Potential of: $25,000
About Property: Beautiful 4/3 1463 sq ft home. Built 1948. Fully remodeled. No repairs needed. This is a beautiful home. Granite, stainless steel appliances, open floor plan.
Property 2 - INVESTOR SPECIAL
Nice House Located in Nice Decatur Neighborhood!
$74,900 Cash Price
4034 Flakes Mill Road Decatur, GA 30034 DeKalb County
Multiple options with this deal but the best strategy might be to sell as a lease option for $130k! You buyer may not close on the deal but if they do, you make a nice profit and enjoy so good cash flow in the meantime. Recent comps support value of $100k to $125k so might be a little tight to retail flip today. Certainly will make a great rental and you would be picking up some nice immediate equity.
Drive-by today and email me to send you a contract and then we will get you inside. The pictures will give you a good idea on overall condition for this one!
This is an all brick and siding split foyer home which was originally built in 1973. Home has 4 bedrooms and 2.5 baths and has 2104' of living space. Includes living room, formal dining room and family room with brick fireplace downstairs. Some nice upgrades already in place including new kitchen cabinets. Home is currently rentable/livable in current condition but has some deferred maintenance! In order to get back in good shape plan on interior paint, replace or clean carpets, updated appliances, a few fixtures, landscaping, trash-out and a good cleaning; est. = $10k for rent ready.
Tax value of only $33,500 with 2014 property taxes of only $961. Records show that the home sold back in 2002 for $115k. This will be an easy $900 per month rent after minor upgrades. Recent neighborhood comps up to a high of $125k.
Occupied! Drive-By and Inspection allowed during DD period.
Net ROI - $900/x12 = $10,800 gross rents Annual Taxes = $961 Est. Insurance = $600 P. Mgmt = $72x12 = $864 Net Annual Cash = $8375 or 10% ROI
DISCLAIMER: We are placing this property in the Marketplace for a contact of ours who holds the contract on this property and all serious inquiries will be introduced directly! There are NO fees associated with our assistance to Buyers/Investors!
Please respond to our email address for more information or call…
Linda King, Owner
Legacy Asset Solutions
407-340-2319 cell EDT