PALMETTO, GA 30268

OVERVIEW:

Investors, check out this value-add condo opportunity in Palmetto, GA! Located at 501 Carlton Rd Unit 1F, this vacant 1,393 SF move-in property is ready to be rented as-is with new carpets recently installed, OR a light cosmetic to get the highest return with two potential exit strategies: fix & flip or buy & hold. With an estimated $20K rehab budget and a projected ARV of $140K, investors can target a potential $40K gross spread. Prefer long-term cash flow? The projected market rent of $1,700/month supports an estimated $11,184 in annual NOI and an 11.2% cap rate on the $100K total project cost, based on the provided assumptions. With an $80K starting price, this could be an attractive addition to your investment pipeline!

PROPERTY DETAILS

• Property Type: Condo 
• Bedrooms: 3
• Bathrooms: 2.5 
• Living Area: 1,393 SF
• Year Built: 1975
• Condition: Light Cosmetic
• Occupancy: Vacant HOA: $364/month

DEAL TERMS

• Starting Price: $79,999
• Earnest Money Deposit: $3,500
• Close of Escrow: November 17, 2026
• Access: Please call for lockbox code

EXIT STRATEGY #1: FIX & FLIP

• Buy price: $80,000
• Estimated Rehab: $20,000
• Total Estimated Project Cost: $100,000
• Projected ARV: $140,000
• Potential Gross Spread: $40,000
• Potential Spread: Approximately 28.6% of ARV

Renovate, refresh, and reposition this condo for resale. The light cosmetic condition may offer an opportunity to add value without a full-scale renovation, subject to inspection and HOA requirements.

EXIT STRATEGY #2: BUY & HOLD

• Estimated Total Investment: $90,000
• Projected Market Rent: $1,790/month
• Annual Gross Rent: $21,480
• Estimated Annual NOI: $13,962
• Projected Cap Rate: 15.5%

COMPARABLE SALES

• 506 Carlton Dr — Sold for $185,000
• 212 Greensprings Ct — Sold for $158,000
• 7865 Hobgood Rd — Sold for $193,000

Interested? Call to schedule an appointment and secure your next investment opportunity!

DisclaimersIMPORTANT: This landing page represents an assignment of a purchase contract, not a direct property sale. The advertised price includes the original contract price plus an assignment fee. Buyer is responsible for conducting their own due diligence. All information provided is believed to be accurate but not guaranteed. This opportunity is offered to qualified real estate investors only. This is not a retail property listing and no real estate agent relationships are implied or established through this marketing material.

Time-sensitive opportunity - this contract is being offered to multiple investors