HUGE Atlanta (Suwanee) Deal for Real Reabbers! - $530-550+ ARV

[Mark Moore]

4541 Meadow Club Dr. Suwanee, GA 30024

http://www.zillow.com/homes/4541-meadow-club-lane,-suwanee,-ga-30024_rb/

This is actually a 4 bed/3.5 bath (not 2.5 bath pe records). My contracted price is $392,500.00.

Zillow value (based on 2.5 bath) of $492K. Tax value of $428K.

Pictures can be seen at: https://drive.google.com/open?id=0B6R_knOdBvoAbkFsMV9zQkNkUTA

The house is located in Rivermore, a very nice and in demand sub division, and is in pristine condition, but has a very large unfinished basement that has stubbing for a full bath. It overlooks a large nature preserve and the Chattahoochee river. 

The plan would be to finish out the basement to add a full bed/bath and bring the property to a 5 bed 4.5 bath at 4500+ sq feet with comps north of $540K

ARV $540,000

Acquisition $392,500 (non-negotiable)

Total Update Cost Estimate $50,000 (35K for finishing of basement, 15K "padding")

Profit $97,500 Minus my assignment fee. Up for discussion with the right buyer. 

NOTE: Please do your own diligence! I am selling the contract to purchase this home, not the home itself. Any data I provide is for informational purposes only. I am not a realtor.

Cash or hard money only. Buyer responsible for closing costs and are estimated to be at $650. Closing to be held at Wagner law in Atlanta. 

http://cloudcma.com/pdf/5921c03f8c22591c317aace3a482a51a