Great Rental Lawrenceville 30044 Long Term Sec 8 tenant In place

[Annette Coker]

I have owned this place for about 10 years. Been a great rental. Have a good tenant in place who has been there about 4 years - wants to stay.

Just passed Section 8 inspection so good to go for a year. 

Upgrades to home include new flooring, roof, main water line replaced, 

Home has been well maintained. 

Section 8 pays $950 - tenant pays $145. 

I am a realtor so no inflated ARVS .  Comps are from same elementary school so very close by, approx same sq ft, and within last 6 months. 

ARVS

$158,000

S

3011 Park Creek Court

$150,000

S

735 Kibbe Circle

$149,000

S

1231 Buttercup Court

$141,500

S

1112 Casanova Court

$140,000

S

3150 Jorden Crest Court

Copperfield

$132,500

S

$128,000

S

3126 Meadow Wood Court

The cheaper comps are not newly renovated. If I were renovating this home, it would be done at a higher standard of all of these comps and likely would sell for $150k at least. Perhaps $160k

 I would spend about $20k on granite, new floors, bath tub, landscaping.

If I do list on FMLS it will be listed as is at $135k. 

I am listing this outside of FMLS to investors only so as not to disturb tenant and make this as simple as possible. No sign/No lockbox. No commissions/As is - no repairs. 

Access granted only after contract has been accepted. 

Can share contractor who knows home well and has been working on it since I purchased it.

DO NOT TRY TO ACCESS HOME DIRECTLY WITH TENANT. I WILL NOT SELL TO YOU IF YOU DO THAT!

Email me at [email protected] for pics and more details.