Is this a Deal?...Griffin, GA .. South of Atlanta
Greetings Fellow Bigger Pocket Friends.
We recently put a Single Family or Multifamily house under contract in downtown Griffin, GA. It also has a duplex (2 1/2 bed/bath) on the back of the lot as well. Its in a good neighborhood, close to a fire station, and is being sold together. We want to sale to someone interested in a rehab. Is this a good deal? If so, what numbers or offer numbers would you suggest?
Repairs for Multifamily: 30K
Build 1930
5/3
2,510 Sq
Repairs For Duplex: 10K (one unit is occupied)
Rents for $600
1,000 Sq
For the Lot size and number of bedrooms the ARV is 180K...
Comps:
1. 309 College St Griffin, GA 30224 $165,000, Sep 2014 0.58 mi 4/2/ 3,500
1930.
2.508 Brook Cir Griffin, GA 30224 $175,000 Aug 2014 0.84 4/ 3.5/ 3,266. 1958.
3. 615 E College St Griffin, GA 30224 $220,000 Jul 2014 0.97 mi 3,365 1950
Asking Price 60K
Let me know you guys feedback, Thanks