Two Lilburn, Ga Duplexes:
Winner, Winner Chicken Dinner Message me for address, photos, comps, etc. Highlights:
This OFF MARKET deal of FOUR 2/1 units is a winner any way you slice it! - Looking for the 1% Rule? How about 1.14%!!
- Rent Rates $950 (see FMLS comp) -$1K/mo (Rentometer)
- At this asking price ($290K), there's instant equity!
- Based on recent same street comps, update both duplexes for an ARV of $352K
- Three out of four units are currently vacant and the existing tenant is current and month-to-month
- Update units and Rent for Market Rates: $950 (see FMLS comp) -$1K/mo (Rentometer)
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Need a great property manager for these units? We're happy to refer a gentleman we know on the same-street solution for less than the standard 10%!
Schools (GreatSchools.org):- Mountain Park (6)
- Trickum (8)
- Parkview (8)
Recommended Repairs/Updates & Cost Estimates Per Duplex/2 units ($21,500)- General Conditions (Supervision, Dumpster, Insurance, Clean Up) - $3000
- Landscape - $500
- Repair & Paint Garage Door - $150
- Mold/Mildew Remediation - $250
- Kitchen Backsplash - $750
- Kitchen Cabinets/Tops - $3000
- Paint - Walls/Trim/Front Doors/Shutters/Garage - $2930
- Flooring - $2700
- New HVAC 1.5 ton (working but dated) - $5,000
- New Water Heater (working but dated) - $1,600
- Contingency - $1,620
Please note: Only available to cash or hard money buyers who can CLOSE by11/16/17. A $5,000 deposit, proof of funds and/or pre-qualification letter from hard money lender is due within 24 hours of the Binding Agreement Date. The $5,000 deposit is only refundable if clear title cannot be delivered. Properties are being sold AS IS. |
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