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Updated almost 11 years ago on .

User Stats

44
Posts
4
Votes
Rae Remer
  • Real Estate Agent
  • Atlanta, GA
4
Votes |
44
Posts

Price Reduction /

Rae Remer
  • Real Estate Agent
  • Atlanta, GA
Posted


Asking $62K
repairs $5k if you want already rented
ARV $134K
3 bed/ 2 bathroom
1326 Sq ft

Beautiful 3 bedroom 2 full bathroom, in an prime location of Atlanta, the counter tops in the kitchen will need to be resurfaced, the carpet needs to be cleaned, there's beautiful original hardwood flooring and tile throughout the home which needs no adjustments. The roof was repaired 6 month ago, per owner with proof of receipts. The repairs needed for make ready is very minor. The current tenant's lease ends April 30, 2016, Tenant willing to stay with new buyer for $800 a month and 2 year lease. Owner is selling due to relocation and agrees tenant pays on time for 2 years. Tenants has an agreement with owner to leave before closing if buyer requests, no funds of this comes out of the buyers pockets.

Quick FYI, Current lease agreement that tenants agreed with previous owner will not transfer. Please use your own discretion.

Key Points to Remember
You will already have an renter in place should you elect to continue. The current market rent is 800 to 900 in this area.
The house asking price or your best offer is going to be 70 percent below the ARV, leaving you with an profitable rental, or retail property to resale.
The current appliances are beautiful and up to date. And they are an great marketing tool for resale.
The house have all original flooring and windows.
The location is within the Atlanta belt line, mean tax credit deduction if qualified.


Call to view with Rae 678-559-4222 or offer is accepted

Offering