Summary
Unlock the Potential:
- Current Use: Generates $1,100/month with a long-term tenant, set to vacate end of April.
- Land Size: Sprawling 1.6 acres, offering ample space for creative development.
- Future Potential: Ideal for buy-and-hold strategy at market rent or redevelopment into 1-2 homes.
Investment Highlights:
- 🚸 Across From East Forsyth High: Desirable location for families, enhancing rental and resale appeal.
- 🏗 Nearby New Construction: 5 new homes recently built behind the property, indicating strong area growth.
- 💼 Flexible Options: Continue as a rental for steady income or capitalize on the lot size for development.
- 💡 Market Rent Opportunity: With the current tenant vacating soon, reset to market rent for higher returns.
Key Advantages:
- 📚 Proximity to Top Schools: Located directly across from the highly sought-after East Forsyth High School.
- 🏠 Development Potential: Unique chance to tear down and build in a growing community.
- 🌳 Spacious Lot: 1.6 acres provides a rare canvas for new construction or expansion.
Why This Property?
- 🔨 Build or Hold: Versatile investment options to either develop now or benefit from increasing rental demand.
- 📈 Area Growth: Surrounded by new construction, indicating a high-growth potential.
- 🎓 Educational Appeal: Families will love the convenience of having top-rated schools nearby.
🚀 Don't Miss Out: A versatile property offering both immediate rental income and long-term development potential in a prime location!
LAND COMPS IN EAST FORSYTH HIGH DISTRICT HERE
Link to video from move-in 5 years ago HERE
Tenant has had a few repairs done over 5 years. Home is on well water but can be tied into county at the street. Do not have current interior photos, but tenant has well-maintained home.
NOW VACANT!!!!!!!!!!! REACH OUT FOR ACCESS INSTRUCTIONS!!!!
Street View
Location
current deal
comparables
available
sold
#2
$123k
$99k
Bedrooms | |
Bathrooms | |
Sq. footage |
Deals nearby
Available
Sold