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Updated over 8 years ago,
Single-Family 5BR/3BA, Stockbridge, GA. W/ SMOKING RETURNS!
BUY/HOLD @ 17% OR FIX/FLIP @ 38%
This property is ideal for an investor looking for double rental opportunities in one location. The split level home has a fully functional downstairs apartment: 3BR/2BA upstairs and 2BR/1BA with a kitchen in the downstairs apartment. The apartment has it's own front door and backyard access. The property is close to major interstate I-75 and I-675 and located near shopping, hospital, police and fire dept. and at three community parks.
A new roof was installed this past January and property is in need of mostly cosmetics and light rehab. Rehab began since tenant moved out in June .
CLICK THIS LINK FOR PICS
BUY/HOLD ANALYSIS
WHOLESALE PRICE: $85,500
REHAB EST.: $15,000
Total Cost: $100,500
RENT AVERAGE: $1675/mo | $20,100/yr (3BR Rental@$875/mo and 2BR Rental@$800/mo)
TAXES EST.: $1700/YR (based on 2016 Estimates)
INS. EST: $800/yr
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NET RENT INCOME: $17,600/yr (17.5% ROI)
FIX/FLIP ANALYSIS
WHOLESALE PRICE:$85,500
REHAB EST: $20,000
TOTAL COST: $105,500
ARV: $146,000 ( based oin $60/per sqft)------------
NET PROFIT -FIX/FLIP: $40,500 (38% ROI)
REQUIREMENT
- Cash Purchase Only! No Owner-Financing Available.
- Verifiable POF
- Required Earnest Money: $1,500 within 2 business day of executed PSA.
- Due Diligence: 5 Days Closing within 7 Days
- Closing Attorney with Chalker and Chalker, PC
- Buyer's pay closing cost.
To proceed with purchase information, please Call SBRE at 770.225.4681 or send an email at [email protected]