This brick rancher is in need of a complete upgrade but has a lot of great potential. It is in a fantastic location, close to many schools as well as popular food and shopping destinations. The property is currently tenanted with a MTM tenant paying $600/m, however, with strong market rents this could be drastically increased.

Stats:

County: Coweta
Bed/Bath: 3/1
Sqft: 1,112
Land SqFt: 13,068
Built: 1973
ARV Price: $220k
Market Rents: $1,500

Fast Facts:

Roof - 30+ years old
HVAC - window A/C units
Windows - original
Hot Water Heater - unknown
Electrical - unknown
Plumbing - unknown
Foundation - no known issues
Kitchens & Bathrooms - dated
Occupancy - occupied
Parking - carport

SOLD MLS COMPS:

141 E Broad St. (3/2, 1,204 sqft, 12,632 land sqft, 2004) - $194k / $161.13ft (12/14/22) - Clean - CASH
111 Greison Trl. (3/2, 1,304 sqft, 7,492 land sqft, 2001) - $245k / $187.88ft (1/3/23) - Clean - CASH
43 Ball St. (4/2, 1,056 sqft, 13,939 land sqft, 1970) - $215.9k / $204.45ft (11/14/22) - Updated
8 Walker St. (3/2, 1,252 sqft, 11,325 land sqft, 1930) - $160k / $127.8ft (10/12/22) - As Is - CASH
26 Hardaway St. (3/1, 1,008 sqft, 6,534 land sqft, 1971) - $140k / $138.88ft (8/10/22) - Dated/Clean - CASH
6 Dewey St. (2/1, 876 sqft, 4,791 land sqft, 1925) - $141k/ $160.96ft (8/11/22) - Light Updates
31 Burch Ave. (2/1, 928 sqft, 3,484 land sqft, 1980) - $189k/ $203.66ft (10/6/22) - Updated

RENTOMETER:

26 Hardaway St. (3/1, 1,008 sqft) - $1,495
3 Buchanan St. (3/1, 1,900 sqft) - $1,600

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