Covington Flip: Covert Loft to 5th Bedroom And Easily Add Major Value

Newton County, Covington, GA, 30016
Sold
Listed at: June 14th, 2024
Price
$189,900
ARV
$289,000
Gross Margin
$99,100
Sq. Footage
1842
Type
Single-Family
Parking
Attached Garage
Year build
1994
Lot size
0.65 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Invest in this promising 3-bedroom, 2-bathroom ranch-style home located in the desirable Oakwood Subdivision of Newton County. Built in 1994, this single-story property offers 1,842 square feet of living space on a spacious 0.65-acre lot. While the home structure remains intact, a full roof replacement is needed, and some interior ceiling damage from the roof will require further evaluation. The HVAC system needs servicing, and water damage from roof leaks has caused drywall issues, necessitating most of the interior to be gutted due to moisture damage. The garage will also need replacement.

Featuring hardwood floors, a concrete wall/masonry foundation, a septic tank sewer source, and public water, this home presents a great opportunity for value addition. Despite these challenges, the property boasts a low flood risk and no basement. It's set in a family-friendly neighborhood close to essential amenities: South Salem Elementary School, grocery stores, cafes, restaurants, parks, and entertainment options are all within a short drive. The property is assessed with annual taxes of $1,758.98 and has an estimated market value ranging from $258,600 to $277,000. The rental estimate is $1,741 per month. Additionally, there is a 501-square-foot unfinished loft space that offers potential for further customization. Contact us for access and explore the potential of this investment opportunity today!

 

CONVERT THE 501 sf loft in the attic to a FOURTH bedroom easily

and add massive value!

 

________________________________________________________________________

☎️ Call Jasmin OR shoot her a 📱 text for more info on this killer deal!!!!
Office Number: 404-800-7419

💪 You can click the 🙌 WIN IT NOW button and avoid all the bidding and 🔐 lock this one down right now 🥳___________________________________

  *Important Notes & Disclaimers* 
Approaching the seller at any point is prohibited. Anyone who does will be permanently removed from our buyer's list AND black-listed with all other major wholesalers in the area. Further, such contact will be viewed as intentional interference with a contract and may result in legal action being brought against you. 

We are under contract with the seller of this property and are therefore a PRINCIPAL in the transaction.

 

Buyers are encouraged to perform their own due diligence regarding properties advertised by SecretInvestorsClub.com. Information provided by SecretInvestorsClub.com about advertised properties is taken from public records and other sources, is provided in good faith, but is not guaranteed to be accurate. After renovated value ("ARV"), estimated repair costs, and other such figures are simply estimates; as such, buyers should conduct their own analysis and diligence regarding all aspects of the property prior to offering/purchasing.
 


All properties are as is and you must do your own due diligence. We are a wholesaling company. We work direct with Sellers to get investors good deals on SFR real estate. However any claim we make for money is just an estimate of what we think could be made and not in any way a promise. that you will make that amount.

All properties are as is and you must do your own due diligence. We are a wholesaling company. We work direct with Sellers to get investors good deals on SFR real estate. However any claim we make for money is just an estimate of what we think could be made and not in any way a promise. that you will make that amount.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Jasmin Mejias

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Disposition manager