REDUCED: Turn Key, Rent Ready Home in HOT 30032!

[Michael Kappel]

We are in possession of an assignable contract, direct to seller, on an excellent deal for a buy & hold investor on this great all brick ranch in HOT Decatur 30032 zip! Home is in excellent shape overall having recently been renovated in 2016/2017 and rented out. This could be a spectacular cash-flowing rental. The home could be renovated for a quick flip, but based on current condition, demand and price range, a rental would be a great exit strategy. 

This property is a 3 bedroom, 1 bath home and 1,070 square feet with a full carport. The area is growing and full 3 bedroom, 2 bathroom homes are going for $255,000+. Long term play could include finishing out the carport to make the home a full 3/2 and reselling. House will be vacant at closing. Flexible closing timeline.

Buy & Hold:
Rentable as-is (no repairs needed)
Rent - $1,200-$1,300+/month

Fix & Flip:
Numbers are good but not spectacular. You could close in the carport and create a master suite with the current space. That said, everything else is updated so it’d be as easy as moving around mechanicals. house could become a larger, full 3 bedroom/2bath or a 4 bedroom/2 bath. Comps are solid for either option.
Repairs: $49,000 (includes framing carport addition, adding plumbing electric, repaint, windows, doors, etc.)
ARV - $255,000+

Asking: $145,000 or best offer
Cash or Hard Money Only

Pictures and Info: https://www.dropbox.com/sh/xvqd0svdcswjldt/AAC1KaivA2Ie_k0luZ5Sax7Va?dl=0

House will be available for showings by APPOINTMENT ONLY on 6/24/2018. For more information or to setup a time to view, contact Adam Kappel at 678-491-4835 or [email protected].