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For sale 19 days ago

$275,000

4 bd 2 ba 8407 sqft

237 Thornton St SW, Atlanta, GA 30315

Residential SFR Off MLS

Current Rent **

N/A

Projected Rent **

$2,000

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

4/2 Quick Flip ARV $450K

We had to pause this one momentarily for family situations but it's back on the board! Excellent opportunity to pick up a quick flip in the 30315 area!

Original owner, never rented. This property boasts one of the largest lots on the street. Tax records only show 3/1 but it is actually a 4/2 with a huge yard space primed for an amazing outdoor living area!

Sq Ft: 1,820 (Per Owner)
Lot Size: 8,407 Sq ft (Per Tax Records)
Built: 1965
Taxes: $65.60 ~ Currently on Homestead/Aged exemption

-Currently Occupied - DO NOT DISTURB OWNER! - Will Be Delivered Vacant
-Estimated ARV $450K
-Potential Gross Market Rent ~ $1,975 +/-
- Roof replaced in 2012
-Hot Water Tank & Furnace less than 7 yrs old
- Parking for 4 Vehicles

Comps:
0.62 mi Lynnhaven Dr 3/3 1940's Build $525K

-This is a contract assignment deal
-Property is being sold As-Is
-Buyer is responsible for all closing costs
-Earnest Money required within 48 hours of accepted offer
-Realtors/Brokers welcome ~ Bring me a buyer!

Please contact us with any questions or to discuss!

Contact:
Khadijah
[email protected]
(678) 754-4585

****Any & all questions regarding this property should be directed to the above referenced individual. Any unauthorized contact with the sellers shall be deemed intentional interference with the contract in place.****

Location:

237 Thornton St SW, Atlanta, GA 30315

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.