HOT Newnan Flip

Coweta County, Newnan, GA, 30263
Sold
Listed at: August 14th, 2023
Price
$99,000
ARV
$250,000
Gross Margin
$151,000
Sq. Footage
1357
Type
Single-Family
Parking
Driveway
Year build
1925
Lot size
0.15 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Same style house 100sqft smaller sold $240,000 within the last year.

Act fast. This one will go quickly. Reach out for access.

Occupancy & Access: Vacant on lockbox. Call me for code.

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


1) Basic:

3/2/1357sqft/1925YB on sewer

School Districts:

Elementary (4): Welch

Middle (8): Lee

High (6): East Coweta


2) Numbers: 

Asking Price: $99,000

Buy It Now Price: $110,000

ARV: $250,000

Rehab Notes: New roof. Do your own due diligence.


3) Comps:

5 Mary Ann St: https://www.zillow.com/homedetails/5-Mary-Ann-St-Newnan-GA-30263/61222153_zpid/

3/2/1234sqft/1900YB

$240,000 | Sold August 2022 (Renovated)

1 Mary Ann St: https://www.zillow.com/homedetails/1-Mary-Ann-St-Newnan-GA-30263/54506024_zpid/

3/1/1344sqft/1940YB

$249,900 | Active since August 2023


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.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Michael Chung

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Disposition manager