Turnkey Property $30K+ Equity in HOT Area Decatur GA 30032

[Johnna Lodge]

• Only $88,000.00

2514 Dawn Drive Decatur GA 30032 (Please Do Not Park Near or Approach or Disturb Tenants)

5 bed 3 bath mostly Finished Basement, 2 Car Garage, Privacy Fenced Back Yard

1,764 sq ft Built 1961

Highland Park Subdivision

Roof 4 years old, New Hot Water Heater, Heater and Air Conditioner a little more than 3 years old,

Property is on Sewer.

This is a great house in an up and coming area in Decatur GA 30032. Right off of Tilson.

As mentioned this is a twofer property:

1) Receive Rent Keep Tenant at $1050 a month (2nd renewal with this tenant) Lease Expires Dec 2016. Landlord could get more for property without Dekalb County Housing Authority (HADC)- With/ 4 bedrooms rent for $1406. and 5 bedrooms rent for $1617. a month per HADC Payment Standards in 2015.

2) Once Tenant's lease is up, renovate property and sell for over $160K+ Dec 2016 if not sooner.

Minor Renovations. Needs:

You may want to add an extension tank on Hot Water Heater to be up to code, Secure Fence placed around Patio or remove it. Replace a few ceramic tiles for the kitchen near exterior threshold, but tenant seems to be at ease as is. Fix gutters and add drains to take water away from house from downspouts .

Quick and Easy Access To Downtown, Marta, Airport and Easy Access to all major interstates.

For More Pictures:

Rental Breakdown 5 Bedroom

Monthly Rent $1050.

Rents x 12 months $12,600.

2015 Taxes $1,575.

Insurance Estimate $700.

Property Mgt 9%: 945.00

Net Annual Cash $9,380.

Comparable Sales .5 Mi Radius

266 Starline Dr 4/2.5 1955 sq ft $144K 2/2016 1955

2356 Dawn Dr 3/2 1807 sq ft $139K 11/2015 1961

2398 Parkland Dr 4/2 1694 sq ft $136K 10/15 1964

Close to Tilson Road and Mark Trail Recreation Center.

Schools

McNair Elementary

McNair Middle

McNair High

Johnna Lodge is a licensed agent in the state of Georgia. She is not representing buyer. 201212.

Call to Schedule Appointment to View. Call Johnna directly 678 758 0982.