Turnkey Rental with Multiple Exits - Decatur, GA (Atlanta)

[Rick Baggenstoss]

This part of Decatur is seeing rapid rise in rents and property values.  This particular property is larger than most, 4BR/2BA with 1900 sf.  

The property is in great condition and would make a perfect turnkey rental.  The roof is less than a week old.  It has an updated kitchen, double pane windows, fresh paint, and is very clean.  Minor yard pick up and a tenant can move in.  The motivated owner was preparing the house to be listed and accepted an aggressive cash offer.  

With a little investment, this property could be sold to an owner occupant.  New bath tile, bath vanity, and some other tasteful upgrades and this property would fetch $155k to $170k.  ARVs are rising rapidly and again this one is unusually large.

This is a perfect house for a busy professional with no time for renovating or an out of state investor.  You could immediately sell with owner financing for $140k.