šŸ”Elberton, GAšŸ”„Investor's Alert:šŸ”2/1 Cash Cow 1% Tenant-Ocuppied RentalšŸ”„

Elberton, GA, 30635 view full address
For Sale
Listed at: November 4th, 2024
Price
$75,000
ARV
$140,000
Gross Margin
$65,000
Sq. Footage
996
Type
Single-Family
Parking
Driveway
Year build
1950
Lot size
0.20 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

Please DO NOT DISTURB current renter.

Please DO NOT WALK the property without approval.

---This property is currently under contract and ready for assignment---
Agents & Wholesalers: Please only market within your private network, and do not market on other sites. Please add your fee on top of your bid.

WE CONSIDER ALL OFFERS

This is an already rehabbed rental property, 996-sqft, 2 bedrooms 1 bathrooms, 1950 built. Tenant-occupied with long-term lease.

Property Information:

  • As-Is value: 100k - 140k
  • Comp: 299 Mattox Dr, Elberton, GA 30635 sold for 137.5k in 08/2024

Additional important info:

  • Roof: TBD 
  • HVAC: TBD
  • Occupancy & Rental situation: 
  • Tenant-occupied on one-year lease (July 24 - July 25) paying $800/mo currently. 
  • Rent will automatically increase to $1,100/mo starting March 2025. 
  • This is 1% rule with asking prices.

IMPORTANT DETAILS SPECIFIC TO THIS DEAL.

  • Property is open for inspection by appointment.
  • Offers must be received NO LATER than: Thursday, January 16th, 2025 by 12:00 EST.
  • Must close on or before: January 21th, 2024.

*** Cash/Hard Money/Private Money buyers and quick closing only, please ***

Offers:

  • Submit ALL-CASH offers to mikedong.eps@gmail.com or call/text at 706-953-3096.
  • If accepted, a minimum $3,000 non-refundable Earnest Money Deposit required.
  • Closing attorney is Thomas Beisswenger in Athens, GA.
  • Buyer pays all closing costs and short proration taxes.
  • Call/text for details 706-953-3096.

Details of property according to the homeowner and public information. The information provided is only opinion (please do your own due diligence).

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

Mike Dong

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