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Archived almost 4 years ago

$160,000

2 bd 1 ba 906 sqft

446 Paines Ave NW, Atlanta, GA 30318

Residential SFR Needs Repairs

Current Rent **

N/A

Projected Rent **

$1,200

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Investor Special ****Reduced****

**********Assignment of Contract***********

This property is in an unbeatable location as it's just a 5 min drive to Mercedes Benz Stadium, Georgia Tech and Downtown Atlanta and walkable to the Atlanta Beltline, Cook Park, Washington Park and the New Echo Street West Development. Echo Street West is an 18 acre multi-use development similar to Ponce City Market concept that is scheduled to open Fall 2022. This area is appreciating rapidly and this home is perfect for investors! The Seller has incurred the $50, 000 cost to have the property remediated for lead and will pass along the certification from the city to the Buyer. Don't miss this incredible opportunity! Price is negotiable

Location:

446 Paines Ave NW, Atlanta, GA 30318

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.