Call Frank for more info 305 283 2165

Rehab / Notes

Buyer to assume a FORECLOSED water lien of approximately $73,000. County has acknowledged they were aware of the leak but continue to let the water run. This water lien will need to be negotiated with county or the case will need to be taken to court and amount may or may not be reduced/eliminated.  Engineering report attached.  We are looking for 0 days inspection and have buyer do their due diligence up front.

• It’s a known public issue that affected over 50k meters in this county but that happened after our water bill so that’s not relevant as it wasn’t same time period.  I would drop this claim.

• The discovery, when we sued, states that the county knew of leak, failed to turn it off or repair/bill customer, to the tune of 3M gallons of wasted water.  The link I have with their responses to our questioning is broken but I asked attorney for a pdf.  It clearly shows neglect.

In addition, this water lien was foreclosed so I’m not sure if buyers can just quiet title either if it’s a government entity (attorney question but worthy of pursuit).

Buyer must assume the Dekalb County utility lien payoff of approximately $72,038.88. Buyer agrees to take over the property with fire damage and acknowledges that the property is being sold "as is." Additionally, the buyer agrees to sign a hold harmless agreement regarding the current condition. The seller makes no warranties regarding the current conditions or violations.***

CASH

Extensive fire damage home - Buyer must sign hold harmless Agreement before entering property. Buyer must bring tools to take off boards to enter property and then put wood boards back up prior to leaving property.

Buyer must assume with a utility lien of approximately $72,038.88. County is at fault. City has acknowledged they were aware of the leak but continue to let the water run. This case will need to be taken to court and amount may or may not be reduced.

Engineering report attached

We are looking for 0 days inspection and have buyer do their due diligence up front.

Wholesale offers are not being considered at this time! Flip opportunity in Lithonia! Property is located in a highly sought neighborhood and features 4 bedrooms and 3 bathrooms. It is only awaiting an investor's touch to bring back to life. It is situated on a 17,424 sq ft lot and is conveniently located to major roadways and shops. With this property being priced to sell and limited inventory, this property will not last.

Property has fire damage and will need a full rehab. Fire started in the garage. A new roof will need to be installed. The kitchen will need to be fully updated and new appliances will need to be installed. New windows are needed. Drywall needs to be replaced in several areas of the home. The bathrooms will need to be fully remodeled. New flooring is needed throughout. The central AC system will need to be repaired and new duct work is needed. A fresh coat of interior and exterior paint will need to be applied. Landscaping is needed.

Comps:

1112 Michael Ct - 3/2 -1,820 sq ft sold for 312k

6968 Kevin Ct - 3/3 -1,893 sq ft sold for 297k

CASH OR HARD MONEY ONLY!

ASK US ABOUT OUR HARD MONEY TERMS

ACT FAST PROPERTY WILL NOT LAST!