Fort Gordon, Ga Townhome

[Wesley Thompson]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $120,500
Cash invested: $3,500

3bd/2bth, 2-Story end unit townhome with single car garage. Former primary home, 2 miles from Fort Gordon, Ga. Rents $1200/mo.

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

MLS in 2007

How did you finance this deal?

VA Loan

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

Agent and PM - Brenda Dansby, ReMax Evans, Ga
Lender - Freedom Mortgage

[Justin Melendez]

Man, these little townhomes sell like hotcakes! Nice looking home.

[John Teachout]

My son was in that area for a while doing signal corp training and it appeared the area was growing rapidly.

[Wesley Thompson]

@John Teachout it's crazy how quickly the area has expanded and added so much to the area in such a short amount of time. It was great when I was there but I heard the traffic is getting really bad especially around post, which isn't surprising

[Wesley Thompson]

@Justin Melendez there's one a few doors down under contract for $160k. It definitely looks nicer than mine, but at least I know with a little polish it could potentially be valued around $165-170 likely. 

[Justin Melendez]

Wow that’s insane that these little townhomes are selling for that much now 🤯