This 4-side brick ranch with a basement has potential to achieve $300k+ ARV with its existing footprint which already supports a 3rd & 2nd bath addition without having to add square footage. Mostly cosmetic repairs needed. You can fit a garage door in the existing carport space or simply enclose it & add value another way.

House on the same street, slightly bigger, sold $394,000 in November 2022

The right deal for the smart flipper. Contact me if you're interested.

Asking Price: $165,000

Available Until: June 6, 2023

Occupancy & Access: Owner occupied. Access by Appointment (Contact Me)

Contact Me: 

Michael Chung | (770)-226-5512

To avoid circumvention, you must request the address and we'll respond immediately during business hours

If requested after-hours we'll send details before the next business morning

Contact me directly for an immediate response

1) Basic:

Bed/Bath: 2/1.5

SQFT: 1333sqft and has basement that is another 1333sqft (Tax Records)

Year Built: 1959YB

Lot Size: .74 acre

Parking: Carport

Sewer/Septic: Sewer

GreatSchools:

Elementary: (6) - East Newton

Middle: (3) - Cousins

High: (6) - EastSide

2) Numbers: 

Asking Price: $165,000

ARV: $325,000 +

Rehab Notes:

Roof: 14 years

HVAC: 12 years

3) Comps:

5216 N Dearing St SE: https://www.zillow.com/homedetails/5216-N-Dearing-St-SE-Covington-GA-30014/2070353981_zpid/

.3 mi - 3/2.5/2001sqft/2005YB

$394,000 | November 2022 

Retail sold to Retail

5114 Conyers St SE: https://www.zillow.com/homedetails/5114-Conyers-St-SE-Covington-GA-30014/69870611_zpid/

.6 mi - 4/2.5/1800sqft + Basement/1964YB

$350,000 | March 2023

Sold Move-in Ready to Retail 

7230 Flat Rock Trail SE: https://www.zillow.com/homedetails/7230-Flat-Rock-Trl-SE-Covington-GA-30014/69859501_zpid/

.8 mi - 3/2/1556sqft/1962YB

$299,000 | April 2023

Sold Move-in Ready to Retail 

5216 N Dearing St SE:

TERMS:

Close with our preferred attorney. Buyer pays all closing costs. Deal not final until EMD is received. All Inspections to be done prior to binding contract. Cash/Hard Money only.

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.