Silver Comet Trail Flip

[Ivan A.]

Property is 1 mile to the Silver Comet pedestrian/bike trail which spans 62 miles from West Atlanta to Alabama. 

All brick ranch home with large lot & 15' high ceiling 30x30 sq ft unfinished basement. Driveway is 2 cars wide, fits about 10 cars total and a car port. Finishing basement would add approximately 900 more square feet to home. Plumbing for another bathroom down there would be relatively straightforward given access to existing lines are right there.

Primary renovations advised on main floor are just cosmetic since it was built in 1970 and hasn't been modernized since.

Please do not disturb tenant.

Comparables (hard to find because people rarely move out of here):
4861 Millen Dr $315,000 @ 3,300 square feet - 4/28/17
4947 Millen Dr $247,000k @ 2,000 square feet - 3/22/16

ARV $300,000
-60 repairs (summary attached below)
-170 purchase
-30 commissions/closing costs
= 40 profit

Give me a ring...Aside from a purchase, I might also be open to flip this with the right capital partner
(678) 982-8854