All Forum Posts by: Amy Pedersen

Townhouse
2 Beds (Each bed with own bath)
2.5 Baths
Sq. Ft. - 1,252
Yr. Built – 1984

HOA - $57/mo (incl clubhouse & pool maintenance)

New Roof (1/18)

Cosmetic Rehab: $15K-$30K Depending on Exit Strategy and Materials Selected

ASKING $62,000 

WITH $900+ RENT RATES, ACT QUICKLY!
Area comps are on the rise. Get it now and enjoy the ride up!

Pictures can be found here

(We control the contract. If you see it marketed elsewhere, someone is daisy-chaining the property without permission.)

Only available to cash or hard money buyers who can close by 3/9/18. A $1,000 deposit, proof of funds and/or pre-qualification letter from hard money lender is due within 24 hours of the Binding Agreement Date. The $1,000 deposit is only refundable if clear title cannot be delivered. Property is being sold AS IS with no disclosures.

TENANT OCCUPIED. DO NOT DISTURB TENANT. Will be delivered empty by closing if Buyer prefers. (Tenant is currently paying below market rates.)

Notices & Disclosures:

1.YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY: Any estimates or information provided are for real estate investors’ convenience and must verify all data independently.

2.NON-REPRESENTATION: Amy Pedersen (#376207) is a party to this transaction and she is a licensed Georgia real estate agent. Any and all information provided to you is done so strictly for informational purposes. Amy Pedersen does NOT represent the recipient of this information.

3.RISK OF LOSS: Real estate investment is speculative in nature and there is a risk for loss. The recipient of this information should carefully consider whether such investing is suitable for them.

RENT READY 2/1 Fee Simple Condo/Townhouse with NO HOA!

3857 Henry Ct

Acworth GA 30101

Cobb County

Just renovated and move in ready!

• New floors
• New stainless appliances
• Fresh paint
• New countertops
• Custom backsplash
• New bathroom tile
• New vanity/mirror
• New ceiling fans
• Huge private, fenced back yard!
• Private patio
• Outdoor storage shed
• Property is 1/3 acre and continues to street behind providing wooded privacy
• New water heater (2016)
• Relatively new roof (35 year shingles) and siding (2015)
• Washer/Dryer hook-ups

Asking $83,900

Median rent in the area is $1,200!

(Seller reports getting $750/month BEFORE the renovation and had multiple inquiries about renting during renovation.)

Rent

Great location! Minutes to I-75, KSU, Barrett Parkway, and Logan Park this property is under one mile to downtown/historic Acworth and two miles to Acworth Beach/Cauble Park, a 25-acre lakefront park with a white sandy beach & facilities for picnics, fishing & boating.

Click here for Pictures and Realist Report

Please note: Only available to cash or hard money buyers who can CLOSE by 10/30/17. A $2,500 deposit, proof of funds and/or pre-qualification letter from hard money lender is due within 24 hours of the Binding Agreement Date. The $2,500 deposit is only refundable if clear title cannot be delivered. There are no disclosures. The property is being sold AS IS.

Wholesalers - please do not re-market without permission. We control the contract.

Licensed Real Estate Agent Disclosure:

Amy Pedersen (#376207) is a party to this transaction and she is a licensed Georgia real estate agent. Any and all information provided to you is done so strictly for informational purposes. Amy Pedersen DOES NOT represent you in any capacity whatsoever.

Location! Location! Location!

http://www.gwinnettdailypost.com/local/lawrenceville-officials-announce-million-mixed-use-south-lawn-redevelopment-project/article_4d3b0fa4-7c96-57ce-80eb-eb1e6f6337cc.html

AVAILABLE PROPERTIES:

• 40/42 Ezzard StLawrenceville, GA 30046
• 58/60 Ezzard StLawrenceville, GA 30046
• 90/92 Ezzard St Lawrenceville, GA 30046

The units are currently occupied with below market rental rates. Tenants are on a month-to-month basis so you have an immediate opportunity to do some minor repair/upgrades and raise the rent based on other 2 bedroom multi-family comps in the area:

• $900 - 18 Ezzard St - Roughly 1000 sq ft/unit
• $975 - 133 Sandalwood cir - Duplex, 2 bed 2 bath, ~1000 sq ft.,(note outdated kitchen)
• $800 - 373 Stone Mountain St - 2 bed 1 bath 1000 sq ft
• $795 - 233 Scarlet Way - 2 bed 1 bath, 1100 sq ft/unit
• $950 - 390 Sprucewood Ct
• $850 - 391 Bedford Bay Ln. - 2 bed 2 bath ~1000 sq ft
• $810 - 410 Freeport Dr - 2 bed 1 bath, ~900 sq ft,
• Average of these is $869/per unit per month; Rentometer average of 2 bedroom rentals within three miles - $925/month)

• $860/mth * 6 doors = $61,920 yearly gross income.
• $61,920 x .05(5 percent vacancy) = $3096
• $61,920 x .07 (7 percent repairs) = $4335
• $61,920 x .09 (9 percent capex) = $5573
• Taxes estimate = $3300/year
• $61,920 - $3096 - $4335 - $5573 - $3300 = $45,616 = NOI
• NOI/Purchase Price = CAP
• $45,616/$420,000 = .1086 = 10.86% CAP

• Interior and exterior paint
• Replace carpet (carpet in bedrooms only in three of the units)
• Repair ceilings in select areas (Roof repairs had been done but not water damage on ceilings from roof)
• Evidence of minor mold in select units (likely from former roof leaks and no bathroom ventilation in select units)
• Repair select decks
• Minor exterior repair
• Consider minor landscaping
• Near term: Replace roofs (Seller has indicated these have been repaired and are not leaking but new roofs are in order)

Photos and Realist reports can be found here: https://www.dropbox.com/sh/0apr7vx1skwl9v5/AAAbYSoovqTAN5XQz1AoEto0a?dl=0 Notes:

• The Realist report for 90/92 indicates 6 bedrooms. Like the other duplexes, there are only 4.
• You will see window units in pictures from one of the units. Seller has indicated the HVAC is in working order but the tenant prefers to keep monthly electric bill lower by using fans and window units.
• Two tenants installed their own "security system" by installing a 2x4 across the back door, however, there has no reported need for that. Just taking extra precautions.

Please note: Only available to cash or hard money buyers who can CLOSE by 10/30/17. A $5,000 deposit, proof of funds and/or pre-qualification letter from hard money lender is due within 24 hours of the Binding Agreement Date. The $5,000 deposit is only refundable if clear title cannot be delivered. Seller disclosures available but properties are being sold AS IS.

Wholesalers - please do not re-market without permission. We control the contract.

Licensed Real Estate Agent Disclosure:

Amy Pedersen (#376207) is a party to this transaction and she is a licensed Georgia real estate agent. Any and all information provided to you is done so strictly for informational purposes. Amy Pedersen DOES NOT represent you in any capacity whatsoever.

Coming Soon! Two mixed use properties in Scottdale. Can be sold together or individually. Two miles from downtown Decatur, Emory, CDC, and VA. If interested in details, ping me your email address.

Thank you for your service and congrats on taking action!

"Hungry and humble"  I love that!

@Marcus Williams PM me you contact info and I'll share the details

Will be sending info out about this property in the next couple of days.  LMK if you want details.