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Updated almost 8 years ago,

User Stats

75
Posts
12
Votes
Ken Reed
  • Investor
  • Smyrna, GA
12
Votes |
75
Posts

Fix n' flip or buy & hold. At 69% ARV multiple exit strategies!

Ken Reed
  • Investor
  • Smyrna, GA
Posted
It's time to buy. Fix n' flip or buy & hold. At 69% ARV multiple exit strategies!
Property Specifications
50 Dorothy St SE, Atlanta, GA 30315
3 Beds/2 Baths
1,131 SqFt
Built in 1920
Access is by lockbox call/email/text for code

Quick thought
Perfect flip for newbie or experience investor. Rare 69% of ARV deal, located in South Atlanta neighborhood. Property has an open floor plan. Renovations have already started, already have brand new wiring system installed and new sheet rocks have been replaced around the house. Low DOM for comps.

Numbers
Cash Price: $70,500 OBO
Repairs $10k-15 (Rental) 20-25k Retail
$130,000 ARV (conservative)
$1,000/mo Rent
Must be able to close quickly. Do DD prior to contract.

Comps
64 Dorothy St SE 3/2 (1920YB) - 150,000 Sold(03/29/2016) 0.2mi
1562 Jonesboro RdSE 3/2 (1920YB)- 179,000 Sold(06/14/2016) 0.2mi
62 Dorothy St SE 3/2 (1920YB) - 169,000 Sold(08/02/2016) 0.2mi
229 Harriet St 3/2 (1935YB)- 142,000 Sold(11/04/2016) 0.6mi
62 Adair Ave SE 3/2 (1935YB)- 126,000 Sold(10/04/2016) 0.8mi

Click here for pictures.
Click here for video walkthrough.

Want to buy it?
Click here to make an offer. Bring all offers!

Do you have a specific request?
Reply to this email with your buying criteria!

Got questions?
I have answers. Feel free to contact me.

By the way...
Have capital and looking to JV? That's something we can do too. We have several new build and renovations that we're doing in Atlanta and we're open to partnership opportunities. Want to be part of my lender network? Reply to this email and I'll send you a whitepaper!

Ken Reed, Investor
[email protected]
404-341-6222

Please note: all estimates and assumptions are not a guarantee for the performance of the investment. Buyers are responsible for conducting their own due diligence. Agents add your commission, wholesalers bring your buyers let's work together. 
Offering

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