Dallas, GA Buy-and-Hold: 2003 3 Bed/3 Bath Ranch on Full Basement

[Julie Kern]

31 Alyce Ave, Dallas, GA 30157

Price: $155,000

ARV Range: $175K - $195K
Rent Range: $1400 - $1600
(Depending on level of basement finish)

Attract A+ tenants or get that first house-hack under your belt with this awesome buy-and-hold opportunity in a pristine neighborhood in Dallas, GA.

This one is a cupcake of a rehab! All that's needed is a fresh coat of interior paint, new flooring and minor repairs to have this 3 bed/3 bath gem with loads of upside rent-ready in a week or two.

OR, take it to the next level and completely finish the 1500 sq ft partially finished basement and add a bedroom or two!

Looking for a house-hacking opportunity in a great neighborhood? Live in the main level and finish the basement as a separate cash-flowing living space.
PHOTOS

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FEATURES

• 1500 sq ft Ranch on HUGE 1500 sq ft full basement (226 sq ft finished, 1280 unfinished)
• 3 Beds/3 Full Baths
• 3rd full bath and additional finished room in basement that can be used as 4th bedroom bumps the rent above values for typical 3/2's in the area.
• Potential to finish out basement and add 1 (and possibly 2) bedrooms would make this property a 5-6 bedroom, allowing you to push the rent to the highest end of the range.
• Newer home - Built 2003
• Low Maintenance Vinyl Siding
• Deck
• Walkout Basement with Patio under Deck
• New Hot Water Heater
• 2-year old Dishwasher
• HOA with low $160 Annual Dues
• East Paulding High School District
• Located just off Hwy 120, 10-12 minutes from Barrett Parkway and The Avenue West Cobb in Marietta.

REPAIRS NEEDED
$7K estimate
(not including basement finishing)

• Paint Interior
• Replace Flooring
• Minor Carpentry and Drywall Repair (door replacement, etc.)
• New Refrigerator (owner is taking current fridge)
• Optionally Finish Basement and Add Bedroom(s) to increase value and rent

RECENT SALES WITHIN 1 MILE

WITH UNFINISHED BASEMENT

31 Franklin Park, Dallas, GA 30157
1,862 SQ FT, 3/2/1, Similar Neighborhood
(1/2 less bath)
Sale Price: $198,000
Rent Zestimate: $1,399

WITHOUT BASEMENT

44 Rackley Way, Dallas, GA 30157
1,446 SQ FT, 3/2, Same Neighborhood
(1 less bath)
Sale Price: $165,000
Rent Zestimate: $1,350

273 Ryan Trail, Dallas, GA 30157
1,567 SQ FT, 3/2, Same Neighborhood
(1 less bath)
Sale Price: $160,000
Rent Zestimate: $1,350

8 Ryan Trail, Dallas, GA 30157
1,524 SQ FT, 3/2, Same Neighborhood
(1 less bath)
Sale Price: $159,900
Rent Zestimate: $1,350

105 Mount Vernon Dr, Dallas, GA 30157
1.940 SQ FT, 3/2/1, Similar Neighborhood
(1/2 less bath)
Sale Price: $172,000
Rent Zestimate: $1.395

15 Tavern Green, Dallas, GA 30157
1,974 SQ FT, 3/2, Similar Neighborhood
(1 less bath)
Sales Price: $191,500
Rent Zestimate: $1,400
Available only to cash buyers who can close by 11/17/17. $2,500 non-refundable Earnest Money deposit and proof of funds is due within 24 hours of binding agreement date. Earnest Money is only refundable if clear title cannot be delivered. Property being sold as-is.

Currently owner-occupied. Property will be delivered vacant at closing. Property can be seen by appointment only beginning Wed. 10/25/17 Wholesalers - please do not re-market. Julie Kern
Sycamore House Buyers
s[email protected]
678-910-1245