Updated over 7 years ago on . Most recent reply
Hot! East Atlanta Village (30316) GA off-market Opportunity
811 Gresham Ave SE, Atlanta, GA 30316
1,672 sq/ft brick and wood ranch
4 Beds / 2 Baths
Built in 1944
Huge 0.6 Acre lot
Call for Access - DO NOT DISTURB TENANT!
(Tenant moves out 10 days after close of escrow)
Purchase price: $270,000
Close proximity to both East Atlanta Village & Ormewood Park
Home needs complete renovation
Huge lot, big front yard
House sits very far back and above grade from Gresham Road. Options to use existing floor plan and completely renovate/pop the top and go vertical. Renovated comps in the immediate market at: $500k to $560k
Or scrape and re-build with new construction comps in the immediate market reaching: $625k-$685k.
Fix 'N Flip Options
Renovated ARV = $500k to $560k after $130k to $150k Renovation.
Brand New Construction ARV = $625k-$685k
Conditions To Close
$2,500 Non-Refundable Earnest Money Deposit due within 24 hours of accepted offer.
Proof of funds required.
Closing attorney: John J. Maurer LLC
7 to 10 day close.
Buyer to pay all closing costs.