Codel St SW - Rental / Flip - Priced at $118/ft!!!

Fulton County, Atlanta, GA, 30331
Sold
Listed at: January 29th, 2022
Price
$123,000
Sq. Footage
1040
Type
Attached
Parking
Assigned
Year build
1965
Lot size
acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

Minutes from downtown, its hard to find a house priced below market. This stone/wall exterior 3 bed, 1 bath, 1040 sqft home is one of the lowest priced per sqft homes out there! This is currently an AHA house that is being rented between$900/mo and has not had rental increase in several years. House is dated but in great condition. Current lease expires July 31, 2021. 


STATS:

  • 3bed, 1 bath, 1040 sqft
  • Yr Built:1965
  • Rentometer Market Rents Avg (.25mi) $125-$127ft:
  • 4085 Brewer Dr Sw (3/1, 1100sqft) $1395/mo
  • 4085 Alex Dr Sw, (3/1, 800sqft) $1000/mo 

Highlights

  • Section 8 tenant - $900/mo. Below market rent
  • Central heat and air - good condition and serviced regularly
  • Seller put a new line to the street
  • Roof and foundation in good shape
  • House has been well maintained. 

MLS COMPS 

  • 341 Waits Dr (3/2, 1265 sqft) - SOLD CASH $155,000 / $125.50ft - AS IS
  • 341 Waits Dr (3/2, 1265sqft) - Under Contract $220,000 / $174ft - Updated (ARV)
  • 4083 Ester Dr (3/1, 1032 sqft) - SOLD $119,000 / $115/ft - AS IS
  • 4027 Ester Dr (3/1.5, 1360 sqft) - SOLD $139,900 / $103/ft - AS IS (w tenant) 


1. Tallbridge Real Estate is selling their equitable interest in the contracts to purchase the aforementioned properties. All properties are sold for cash or hard money. 2. Buyers responsibility to do your own due diligence and verify all information. 3. Prices are NET to seller with buyer paying all closing costs unless otherwise stipulated. 4. Opinions of value / rents are given as a courtesy and no guarantees are expressed or implied.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Maxime Stephenson

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Disposition manager