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Atlanta Real Estate Forum
HomeForumsAtlanta Real Estate ForumIs this a good Deal?
Timothy Greene's profile image
Timothy Greene's profile image
Timothy Greene
  • Real Estate Agent
  • from Atlanta, Georgia
  • Member since Sep 25, 2017
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Timothy Greene's profile image
Timothy Greene's profile image
Timothy Greene
  • Real Estate Agent
  • from Atlanta, Georgia
  • Member since Sep 25, 2017
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Timothy Greene
  • Real Estate Agent
  • Atlanta, GA
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Atlanta Real Estate Forum

Is this a good Deal?

Timothy Greene
  • Real Estate Agent
  • Atlanta, GA
Posted Oct 26 2017, 12:21

Hey BP,

There is an opportunity for a distressed property and I am wondering if it is a good deal. It is in East Atlanta on flat shoals road which is a busy road. It is a 3/1 that I would probably covert to a 3/2. Has a big back yard and a partially finished basement. The purchase price is 173.5k and I am estimating around 75k depending on the contractor. Since its a busy road that made me skeptical I pulled comps on the same road. These comps went for 330k but had slightly larger SF. I am thinking I can get 315k for it. Is this a good deal? Should I pull the trigger on this one?

Thanks

Atlanta, Georgia
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