All Forum Posts by: Todd Bunke

811 Gresham Ave SE, Atlanta, GA 30316

1,672 sq/ft brick and wood ranch

4 Beds / 2 Baths

Built in 1944

Huge 0.6 Acre lot

Call for Access - DO NOT DISTURB TENANT!

(Tenant moves out 10 days after close of escrow)

Purchase price: $270,000

Close proximity to both East Atlanta Village & Ormewood Park

Home needs complete renovation

Huge lot, big front yard

House sits very far back and above grade from Gresham Road. Options to use existing floor plan and completely renovate/pop the top and go vertical. Renovated comps in the immediate market at: $500k to $560k

Or scrape and re-build with new construction comps in the immediate market reaching: $625k-$685k.

Fix 'N Flip Options

Renovated ARV = $500k to $560k after $130k to $150k Renovation.

Brand New Construction ARV = $625k-$685k

Conditions To Close

$2,500 Non-Refundable Earnest Money Deposit due within 24 hours of accepted offer.

Proof of funds required.

Closing attorney: John J. Maurer LLC

7 to 10 day close.

Buyer to pay all closing costs.

4-sided brick ranch

3 Beds / 2 Baths

Built in 1953
1,160 sq/ft
0.3 Acres
Call for Access (Tenant moves out on March 5th)
Purchase price: $116,000

• Original hardwood floors
• Corner lot, big front yard
• Full walk-out daylight basement, ready for build out
• Drive under single car garage

House has great bones and after repair values up to $275k in the immediate retail market. Multiple options to either buy and hold for rental($10k-$15K needed updates) or fix and flip.

Fix 'N Flip
ARV = $250k to $275k after
$70k-$80k (Complete rehab)

Village Parke, a 7,442+/- SF office/retail center located in the business corridor of downtown Stone Mountain in the immediate vicinity of numerous office, retail and flex buildings servicing the area. This highly visible center

is located on Main Street less than one mile west of Stone Mountain Park. 

The property includes 11 office/retail units all located within one building on .52+/- acres. The property is

currently 100% occupied by a diverse mix of local retail and office users. There is a parking lot

located directly behind the building as well as ample street parking in front of the building. The property

also has an updated roof, HVAC units, exterior paint and landscape. The leases are full service, and suites C

and K pay their own gas and electric bills.

Hi Antonio,

Yes, you have permission to access the property.  The backdoor is unlocked.  Currently overgrown brush is blocking front door. Access through back door/neighboring vacant home’s backyard.

Thanks,

Built in 1955, Craftsman Bungalow, 3 bedroom, 2 bath, 676 sq/ft. Value-add opportunity by adding 2nd floor, opening the floor plan, or blowing out rear portion and enlarging kitchen. Highly sought out Vine City/English Avenue, downtown location! Close proximity to the Westside beltline, new Mercedes Benz Stadium, The Georgia Dome, Georgia World Congress Center, Centennial Olympic Park and Georgia Aquarium. Needs full rehab.

Purchase Price: $38,000

ARV(After Repair Value): $149,000

Repairs: $55,000

Potential Profit: $56,000

Comps

1.739 Rice Street NW, $162,500, 12/30/2016, 2bed, 1bath, 1,030 sq/ft

2.1086 Mayson Turner Road NW, $135,000(Pending Prop. Closing Date: 09/15/2017), 2bed, 1bath, 1,072 sq/ft

To view entire album with 23 photos go to: https://goo.gl/photos/Lk41GE8RW3NeaGcA8

Currently overgrown brush is blocking front door. Access through back door/neighboring vacant home’s backyard.