Cosmetic Flip in Jefferson Park, East Point (30344) #2

Fulton County, East Point, GA, 30344
Sold
Listed at: March 8th, 2022
Price
$210,000
ARV
$300,000
Gross Margin
$90,000
Sq. Footage
1302
Type
Single-Family
Parking
Driveway
Year build
1930
Lot size
0.20 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary
Ready to submit offer? Click "Make an Offer"
Want me to send you the contract today? Click "Win it Now for ____"
Have any more questions? Call/Text me: (770)-226-5512 or click "Inquire About This Property"

Due to past experiences with unethical real estate practitioners, you will need to create an account to reveal the property address. If you are having trouble logging in, text/call me at (770)-226-5512 and I will share with you the address.
We don't always choose highest offers. Terms can be more important than price. Find our preferred terms on Section 8
Buyer is expected to do their own due diligence on property. Our comps are on Section 5 and 6

1) Essentials:

Bed/Bath: 3/2
Year built/Square ft: 1930YB/1302sqft
Lot Size (Acres): .2 acres
Occupancy Status: Vacant & Vacant at closing
Access Method: By appointment (Contact me)
HOA Status/Dues: No HOA or rent restrictions
Closing Date: 3/25


2) Numbers:

Fair Market Value: ~$300,000-$305,000
Market Rent Estimate: ~$1400/mo
Asking Price: $210,000
Buy Now Price: $215,000


3) Important Details:

Rehab Info: Very Light TLC
Roof: BRAND NEW SEPTEMBER 2021
HVAC:  (SERVICED FEBRUARY 10TH 2021) furnace replaced on 11-29-2018; A/C new coil installed 7/12/2010
Water Heater: 10+ Years (Most likely needs replacement)
Parking: Driveway
Sewer/Septic: Sewer
Basement: None
Additional Notes:


4) Miscellaneous Details:

Location: In neighborhood of Jefferson Park
Flood Zone: No
GreatSchools Rating: E-3, M-4, H-3
Annual Property Taxes: $2066/yr
Additional Notes: In an area with very high investor activity


5) Flipper Comps: (3/2, past 180 days, <.5 miles)

All comps below are in the same neighborhood: Jefferson Park

1427 Bryan Avenue: $335,000 - 500 sq ft bigger
2642 Harris Street: $300,000 - 200 sqft bigger
1282 WINBURN Drive: $330,000 - 300 sq ft bigger
1453 Wadley Avenue: $335,000
1457 Fulton Avenue: $350,000 - 500 sq ft bigger
2703 Harris Street: $175,000 (Sold "As-Is" and Needed 40-45k rehab)


6) Rental Comps:

Better flip play than hold - Rents are going for ~1400/mo in the near vicinity


7) Our Preferred Closing Terms: (Terms can be flexible for institutional investors)

Closing Attorney: Shafritz & Dean LLC
1 Walkthrough Pre-Binding
0 Days DD Post-Binding
$5k EMD Non-Refundable submitted on SAME DAY of Binding
All Cash Offer


8) Next Steps:

Submit your preliminary offer on the website: You need to create an account
Attach legitimate Proof of Funds: You will be blacklisted if we deem your POF is phony
Reach out to me:
(770) 226-5512
michael@divesticventures.com


Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Michael Chung

No reviews

Disposition manager