A majority of the homes in this neighborhood are occupied by military renters.

This house was last remodeled in 2020 & rented for 840/mo. Once fixed up, this house can now get over $900/mo. It is just messy with belongings. Just get a dumpster for cleanup and the rehab is cosmetic.

A smaller house down the street sold for $70,000. Purchasing at $26,000, you are walking into the deal with over ~$20,000 in equity with high cash flow potential. You can easily transform this into a +$400/mo cash flowing asset.

You have the option to skip the line & lock this down now for $30,000.

Occupancy & Access: Vacant. Contact me for access

Contact Me: Michael Chung | (770)-226-5512

1) Basic:

Bed/Bath: 2/1

SQFT: 1271

Year Built: 1950

Lot Size: .18 acre

Parking: Driveway

2) Numbers: 

Asking Price: $26,000

Buy It Now Price: $32,500

Market Rent: $900/mo

ARV: $80,000

Rehab Notes: Do your own due diligence.

3) Comps:

19 Mason Dr: https://www.zillow.com/homedetails/19-Mason-Dr-Columbus-GA-31903/76553875_zpid/

2/1/1038sqft/1951YB

$25,035 | Dec 2022 (Sold to Investor)

13 Matthews St: https://www.zillow.com/homedetails/13-Mathews-St-Columbus-GA-31903/76554156_zpid/

3/1/1212sqft/1947YB

$26,000 | Feb 2023 (Sold to Investor)

140 Torch Hill Rd: https://www.zillow.com/homedetails/140-Torch-Hill-Rd-Columbus-GA-31903/76553840_zpid/

3/1/1143sqft/1951YB

$69,000 | July 223 (Sold to Retail - mildly updated)

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.