Located just off of Joseph E. Boone Blvd NW.
You can get more than $4,000/mo in rental income from this.
Atlanta Housing Authority also allows up to $2200/mo for 4 beds in this area.
An investor bought a tear-down on the same street for $225,000.
Occupancy: Squatter & dog upstairs. Buyer is responsible for handling squatter
Access: Appointment. Contact me
Contact Me:
Michael@divesticventures.com | (770)-226-5512
1) Basic:
Bed/Bath: 8/4 (4/2 each side)
SQFT: 2160
Year Built: 1955
Parking: Attached Garage
Lot Size: .18 acre
2) Numbers:
Asking Price: $210,000
Buy Now Price: $215,000
Market Rent: +$4000/mo = ($2000/mo per unit)
ARV: $500,000
Rehab Notes: Water intrusion and mold in bottom unit.
3) Comps:
3/2/1765sqft/tear-down lot
$225,000 | Oct 2022 (Tear-Down Lot)
20/9/1800sqft/1955YB
$900,000 | Dec 2022 (Updated Quadplex)
4/3/2728sqft/2006YB
$499,000 | April 2023 (Duplex, Not Brick.)
TERMS:
Close with our preferred attorney. Buyer pays all closing costs. Deal not final until EMD is received. All Inspections to be done prior to binding contract. Cash/Hard Money only.
DISCLAIMER:
This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. Any attempts to renegotiate or make contact with the owner will result in legal action.
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