Two Off Market Duplexes (Four 2/1 Units) in Lilburn, GA

[Amy Pedersen]

Two Lilburn, Ga Duplexes: Winner, Winner Chicken Dinner Message me for address, photos, comps, etc. Highlights: This OFF MARKET deal of FOUR 2/1 units is a winner any way you slice it! Looking for the 1% Rule? How about 1.14%!! Rent Rates $950 (see FMLS comp) -$1K/mo (Rentometer) At this asking price ($290K), there's instant equity! Based on recent same street comps, update both duplexes for an ARV of $352K Three out of four units are currently vacant and the existing tenant is current and month-to-month Update units and Rent for Market Rates: $950 (see FMLS comp) -$1K/mo (Rentometer)

Financial Assumptions: Need a great property manager for these units? We're happy to refer a gentleman we know on the same-street solution for less than the standard 10%! Schools (GreatSchools.org): Mountain Park (6) Trickum (8) Parkview (8) Recommended Repairs/Updates & Cost Estimates Per Duplex/2 units ($21,500) General Conditions (Supervision, Dumpster, Insurance, Clean Up) - $3000 Landscape - $500 Repair & Paint Garage Door - $150 Mold/Mildew Remediation - $250 Kitchen Backsplash - $750 Kitchen Cabinets/Tops - $3000 Paint - Walls/Trim/Front Doors/Shutters/Garage - $2930 Flooring - $2700 New HVAC 1.5 ton (working but dated) - $5,000 New Water Heater (working but dated) - $1,600 Contingency - $1,620 Please note: Only available to cash or hard money buyers who can CLOSE by11/16/17. A $5,000 deposit, proof of funds and/or pre-qualification letter from hard money lender is due within 24 hours of the Binding Agreement Date. The $5,000 deposit is only refundable if clear title cannot be delivered. Properties are being sold AS IS.