Historic 5134 Newark

[Tony Shackelford]

Investment Info:

Small multi-family (2-4 units) fix & flip investment in Mableton.

Purchase price: $144,000
Cash invested: $10,000
Sale price: $165,000

Duplex conversion to a beautiful single-family home. The homes is 2,016 sq ft and was built in 1930. It has 4 large 4bedrooms and 2 full bathrooms. The Zestimate for this house is $166,101. The Rent Zestimate for this home is $1,499/mo.

What made you interested in investing in this type of deal?

excellent rental property for an investor

How did you find this deal and how did you negotiate it?

direct with Seller

How did you finance this deal?

HML

How did you add value to the deal?

Completed renovation with my subcontractors

What was the outcome?

Presold during renovation

Lessons learned? Challenges?

none

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

no