Flip in Jefferson Park, East Point (30344)

Fulton County, East Point, GA, 30344
Sold
Listed at: March 8th, 2022
Price
$225,000
ARV
$345,000
Gross Margin
$120,000
Sq. Footage
1772
Type
Single-Family
Parking
Driveway
Year build
1940
Lot size
0.21 acres
Bedrooms
2
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: 1940YB/1772sqft
Lot Size (Acres): .2 acres
Occupancy Status: Vacant & Vacant at closing
Access Method: By Appointment (Contact me)
HOA Status/Dues: No HOA or rental restrictions
Closing Date: 3/25


2) Numbers:

Fair Market Value: ~$340,000 (Identical home next door (100 sqft smaller) sold for $330,000 in 12/21)
Current Zestimate: $317,100
Market Rent Estimate:
Rent Zestimate: $1,789/mo
Asking Price: $235,000
Buy Now Price: $245,000


Summary:


3) Important Details:

Rehab Info: Very Light TLC (Systems renovation discretionary to investor)
Roof: 15 YEARS OLD 
HVAC:  7/10/10 Installed new 16 SEEN 2.5 ton AC Unit (12 YEARS OLD)
Water Heater: Tankless (12 years old)
Parking: Driveway
Sewer/Septic: Sewer
Basement: None
Additional Notes:


4) Miscellaneous Details:

Location: In neighborhood: Jefferson Park
Flood Zone: None
GreatSchools Rating:
Annual Property Taxes:
Additional Notes:


5) Flipper Comps:

1427 Bryan Avenue: $335,000 - 100 sq ft bigger
1282 WINBURN Drive: $330,000 - 100 sq ft smaller
1453 Wadley Avenue: $335,000 -
1457 Fulton Avenue: $350,000 - 100 sq ft bigger


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

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Disposition manager