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
Repairs For Duplex: 10K (one unit is occupied)
Rents for $600
For the Lot size and number of bedrooms the ARV is 180K...
1. 309 College St Griffin, GA 30224 $165,000, Sep 2014 0.58 mi 4/2/ 3,500
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
I'm anticipating the responses from the pros. I hope my response bumps your question back up to the top to get a response. I am new to the field, and have been looking at the Griffin market as well. Wish you the best of luck!
Thanks, Marlene....Yea, I'm patently waiting for some feedback....Griffin is a new market for me, hopefully We can move it.
I'm sure you'll do well!
I think I know where those houses are @Kareem Wyatt :)
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing