$73,000 · EAST POINT, GA 30344
Works for flippers

Available

$73,000Asking price

1 bd · 1 ba · 1,428 sq ft · built 1948

EAST POINT, GA 30344

No contract on file

via InvestorLift Classic

Listed Nov 3

Works for flippers

The Numbers

Sells for (ARV)From the listing: $600,000
Asking price: −$73,000
RepairsThe seller’s figure. Ours: $79,500 – $132,500: −$325,000
Loan, holding, closing20% down, 12% interest, 2 points, 190 days: −$25,006
Profit29.5% of ARV · flippers want 10%+: $176,994
Works

Works for a flipper up to $179,000.

BIG HOUSE INVESTORS LLC

Will Galloway

No reviews yet

Comps

ARV $600,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $174,000.

The sales behind this value are shown to members.

ARV $600,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

BIG HOUSE INVESTORS LLC

Will Galloway

No reviews yet

Seller Description

Asking Price: $73,000 (cash)

Estimated ARV: $550,000 - $600,000 (new construction, based on a recent comp)

Estimated Construction Cost: $325,000 - $400,000

Property Overview This is a new construction opportunity in an established East Point location. A house previously stood on the land. The majority has been demolished, and only the foundation remains. The previous home was a 3 bed / 2 bath, and the lot is zoned R-1. The property is ready to close, and a buyer who can close quickly gets priority.

Deal Details

Status: Majority demolished, foundation remains
Previous Home: 3 BR / 2 BA
Zoning: R-1
Property Type: Residential lot for new construction
Terms: Cash, quick close

Recent Comparable Sale

1378 Gus Thornhill Jr Dr: 4 BR / 3.5 BA, 3,426 sq ft, sold for $600,000 on 9/28/26

Numbers Snapshot

Land Purchase Price: $73,000
Estimated Construction Cost: $325,000 - $400,000
All-In Cost: $398,000 - $473,000
Estimated ARV: $550,000 - $600,000
Estimated Gross Spread: $77,000 - $202,000, before closing, holding, and financing costs
The ARV depends on the size and finish level of the home built.

Why This Deal Stands Out

New construction comps are selling around $600,000 in the area.
The location is convenient to Downtown Atlanta, Hartsfield-Jackson Airport, and major highways.
A builder can design a home with the finishes and layout today’s buyers want.
Controlling land and build costs is where the profit is.

Ideal For

Builders and developers looking for a new construction project in East Point
Cash investors who want to build and sell at new construction values
Buyers who can close quickly

Important Note: All figures are estimates. The buyer should complete independent due diligence, including zoning, permitting, utilities, and a review of the existing foundation.

Contact John for more details or to make an offer: (678) 498-5675