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470-266-7621

michael@divesticventures.com

Pictures: https://drive.google.com/drive/folders/1zG--pQLbRoaYB2m11n5I-cOBf3ezqHSR?usp=sharing

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1) Specs:

Bed/Bath: 3/3

Year built/Sq. Ft: 1979YB/1782sqft

Lot Size: .34 acre

Parking: Driveway

HOA: No HOA

Occupancy: All 3 doors are occupied, each paying $500/mo on Month to Month Terms. We will order the 60 day vacancy notice right after investor has completed due diligence.

Sewer/Septic:

Basement: No basement

2) Numbers (Scroll Down For Comps):

Asking Price: $140,000

ARV: $200,000

Market Rent: Currently $1500/mo. After renovating Unit C for 15k, you can collect $1950/mo or $650/door.

Rehab Info:

Roof: 2 yrs old

HVAC & HWH: Age unknown but in good working condition

Unit A: Was gutted and renovated 10 yrs ago

Unit B: Was gutted and renovated 8 yrs ago

Unit C: Needs new appliances, and paint and carpet done. Tenant for this unit has lived here for 10 years.

3) Comps:

155 Lyons St Jackson 30233: $190,000 

Immediate cash-flowing triplex at 7% CAP rate @ 40% operating expenses before raising rents by Jackson HS.

Each unit has individual utilities/meters.

Unit A: Was gutted and renovated 10 yrs ago (Turnkey)

Unit B: Was gutted and renovated 8 yrs ago (Turnkey)

Unit C: Needs new appliances, and paint and carpet done. Tenant for this unit has lived here for 10 years.

Currently collecting $1500/month or $500/door.

All long term tenants on Month to Month terms and seller has not raised rent in several years.

Market rent can be $1950/month or $650/door.

Downtown Jackson - Proximity to Small businesses, retail centers, and public schools suggest a low vacancy rate.

It is under agreement that we and the sellers will have the 60 day vacancy notice ordered right after the investor completes their due diligence.

Tenants will continue to pay you rent within the 60 day notice.