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Updated almost 7 years ago on . Most recent reply

User Stats

49
Posts
12
Votes
Joey Smajd
  • Investor
  • Columbus, GA
12
Votes |
49
Posts

12 Burned Units in need of repairs VALUE ADDED!!! Columbus, GA

Joey Smajd
  • Investor
  • Columbus, GA
Posted

12 Burned Units in need of repairs  VALUE ADDED!!! Columbus, GA

12 unit 2bed/1bath units will rent for $525/mo 

Property will bring in Gross = $75,600 Net = $37,500 after repairs (possibly more if self managed)

Purchase Price is less than $7k per door or $79k for the entire property!!!

A detailed sow can be sent upon request from a reputable contractor in the local area. 

I can connect you to both contractors and property management that will make your acquisition of this property as easy and headache free as possible.

Repair cost = $296k 

Total cost = $375k after all repairs

A little about the local economy:

We are located next to one of the largest military training bases in the country Ft. Benning and also the headquarters of insurance giant AFLAC. Buy and holds are strong as rents remain steady with high demand for rental property and occupancy is high!

Offering

Most Popular Reply

User Stats

462
Posts
200
Votes
Brit Foshee
  • Investor
  • Fort Myers, FL
200
Votes |
462
Posts
Brit Foshee
  • Investor
  • Fort Myers, FL
Replied

@Joey Smajd

Can you PM details.

Any idea on extent of repairs needed ? 

Thanks

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