CUMMING, GA 30041

RARE OPPTY TO OWN ON LAKE LANIERGreat Schools

Vacant, Renovated & Ready To Close

Showing by Appt...Quick Close next week!

3510 Riviera Dr, Cumming GA 300413/1, 1202 sqft, built 1969, 0.8 acre

Here's a prime deal you'll want. This home is renovated so it's ready to live in or rent for awhile until you decide what to do. Large lot so you can also teardown and build new. Already has a deeded swim dock a short walk from the home. FYI, Lake Lanier has a moratorium on giving out new dock permits, so you'll have great value. Keep in mind water levels are low all around the lake. Already a great deal even if it didn't have a dock.

DEAL NUMBERS• Asking Price: $400,000 cash• Estimated Repairs: $0-$10,000 (already renovated; light punch list and dock inspection only, estimate only)• Estimated All-In Cost: $400,000-$410,000• Target After-Repair Value (ARV): $450,000-$500,000• Estimated Gross Spread: $40,000-$100,000 before closing, carrying and selling costs• Condition: Renovated. Buyer to verify condition, dock and any repair scope.

NEARBY COMPARABLES• 3720 Riviera Drive, a few doors down: bought for $600,000, house torn down and a huge new home rebuilt• 3670 Riviera Drive, four doors down: sold at $515,000, a 2/2• Teardown/rebuild buyers are paying up to $600K on this street, supporting upside on the 0.8-acre lot with a deeded dock

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

Repair and ARV figures are estimates, not a bid, appraisal or inspection. Buyer is responsible for verifying all information, condition and comps.