Smyrna Rehab or Buy and Hold

[Val Lemoine]

Call or text Val at 404-512-2501 to schedule a showing. Please read the Terms and Conditions at the bottom of this email prior to submitting an offer.

924 Reed Rd SE Smyrna GA 30082

$240,000 Purchase Price

Rehab Analysis:

• Purchase Price: $240,000
• Rehab Price: $108,000 (includes fixing pool, could also fill in)
• Holding costs: $13,000
• ARV: $495,000 (this is conservative, see comps)
• Projected Gross Profit Spread: $134,000; 37.1% ROI

Click Here for Comps

Property Description:

Currently a 5/3, 4053 sq ft ABOVE ground and a 2000 sq ft unfinished basement. 2 car garage (new door/hardware) + Boat garage in basement. 1 Acre lot across the street from King Springs Elementary (best school district in Smyrna). In ground vinyl pool with diving board; vinyl needs patching/replacing; documentation/maintenance on filtration system available. Entire house needs updating, new roof, new windows, new siding, one of the bathrooms had leak at some point; repaired but remanence of leak remain.

This is a great deal for a 4000 sq ft house (not including basement) on an acre lot in one of the hottest areas of Smyrna!

Click Here for Photos

Terms & Conditions:

Only available to cash or hard money buyers who can close within 21 days of the Binding Agreement Date. Buyer will pay all closing costs. A $5,000 deposit, proof of funds and/or pre-qualification letter from hard money lender are due within 24 hours of the Binding Agreement Date. The $5,000 deposit is only refundable if clear title cannot be delivered. Please perform all due diligence prior to submitting an offer. Property sold AS-IS with no disclosures. Will only close with Henderson Legal LLC and using our contract/agreement is required. Please do not re-post any of this information online or on social media. Wholesalers and Agents, add your fee on top of the Purchase Price and work out payment with your buyer.

GA Realtor, license # 370090