Here is the property potential:

We have an as-is offer from an institutional fund who offered 300k on this property, but they need to buy it vacant by close.

1. You can flip this home with 50-60k of rehab and sell it over 365k 

2. You can just buy it from us, hold the home for the TOA period until the sellers leave, and immediately re-list it on the market for 290+ or sell it to the fund who offered 300k.

706 Morningside Circle SE: This home is +100sqft smaller, is only a 4/2.5, smaller lot, .6 mi

Zillow bought this for $346,966 and resold it to a conventional buyer at $360,000 last month

Video Walkthroughs Link: https://drive.google.com/drive/folders/1kc2H2kaxBO41VLhaz3hooHhzOTuKAhcv?usp=sharing

1) Specs:

Bed/Bath: 5/3

Year built/Square ft: 1973YB/2484 sqft

Lot Size (Acres): .48 acre

Occupancy Status: Owner occupied TOA for 60 days post-closing. Deposit and daily penalty instilled. The length of this TOA period is negotiable.

Access Method: via appointment (Contact me)

HOA: No HOA or rental restrictions

2) Numbers:

Fair Market Value: $365,000

Market Rent Estimate: ~$2120/mo  

Asking Price: $240,000

3) Important Details:

Rehab Info: Just cosmetic work. Should not be more than 55k

Roof: Unknown

HVAC:  Unknown

Water Heater: Replaced in 2017

Parking: No garage or carport to our knowledge

Sewer/Septic: Septic

4) Comps:

5085 E SHORE Drive SW: $392,000

706 Morningside Circle SE: $360,000

206 Bridgewood Drive SE: $275,000

.1 mi - 3bed2bath - 1000sqft smaller - bought 1 month ago

1405 COTTON Trail SW: $342,870 (bought by hedge fund)

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. Any attempts to renegotiate or make contact with the owner will result in legal action.