Hot Hapeville Opportunity

[Brandon Comer]

This house is located right on Dogwood Drive surrounded by updated homes with comps reaching $200k. Here are the numbers up front:

Purchase Price: $87,500

Rehab/Holding Costs: $44,000

All In: $131,500

ARV: $175,000

This beautiful 3 bed, 2 bath, 1,318 sqft home was built on just over a quarter of an acre of fenced-in land in 1950 with originally 1,118 sqft however the current owners added an additional 200 sqft to the master suite in the early 2000's. Here is the quote from the GC as to what all must happen to bring the property to its max potential:

Repair original hardwoods

Open wall between kitchen and dining room

Update Master Bathroom

Add double vanity

Retile Shower

Update Fixtures

Optional to close up access to backyard

Redo Front Porch

Adding an A-Frame porch was recommended for curb appeal

Take down wallpaper and paint walls

Refinish kitchen cabinets

New Appliances

Paint the house a blue-grey color similar to the neighboring property

The time frame on this project was projected at 5 weeks from start to finish, which may vary depending on your crew.

Comps in the area include:

3344 N Whitney Ave, Hapeville, GA 30354 - 2 beds 2 baths 1,215 sqft sold 03/2016 for $160,000

3035 Dogwood Dr, Hapeville, GA 30354 - 3 beds 2 baths 1,689 sqft sold 09/2016 for $185,000

3010 Dogwood Dr, Hapeville, GA 30354 - 3 beds 2 baths 1,440 sqft sold 11/2015 for $153,000

3110 Grove Cir, Hapeville, GA 30354 - 4 beds 2 baths 1,047 sqft sold 06/2016 for $183,000