🔥🔥15% cap rate with current tenant and NO WORK NEEDED🔥🔥

Fulton County, East Point, GA, 30344
Sold
Listed at: November 8th, 2021
Price
$99,900
ARV
$200,000
Gross Margin
$100,100
Sq. Footage
896
Type
Single-Family
Parking
Driveway
Year build
1969
Lot size
0.22 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

📣📣📣Calling all Buyers!!! 🏠🏠

CASH FLOW OPPORTUNITY in Fulton County!!!💵💵


So this is a crazy one...I bought this place Nov 2018 (3 years ago), the value has skyrocketed in the area. However, when I bought it there was a tenant in there who had been there 20 years. He agreed to pay me WAY over market rent if I would allow him to stay. (He has paid me $1500 a month for the last 2.5 years and he wants to stay and keep paying that)


That's a 15% cap rate without having to do anything except CLOSE


I won't be mad at you if you kick them out, do a rehab and flip the house, but I wanted to share the situation so if you are just seeking to add a property to your portfolio that cash flows nicely...this is your deal!


🚨HOT MARKET ALERT!🚨 Properties in this area have gone up in value 23.4% in the past year!!!! AND Zillow predicts they will rise 25.8% in the next year!


💥3 bedroom

💥1 full bathrooms 🚽 

💥896 square feet

💥Not vacant

💥2 parking spots 🚗🚙

💥Build in 1969 🏠

💥Sits on 0.22 acres 

💥Rehab for a FLIP and needs nothing to get $1500 a month from tenant in place🧑‍🔧

💥Property taxes only $213.24 Per Year

💥 Hamilton E Holmes Elementary & Paul D West Middle Schools District

💥Great for Walking or/and bicycling to Connally Nature Park OR Summer Park🚶‍♂️🚴

💥Websites like Zillow and Realtor.com think it is worth $237,400

💥Rental $1500


✅ PURCHASE PRICE: $102,900

✅ AFTER RERAIR VALUE: $200,000

✅ REPAIRS NEEDED: Full


🛑🛑🛑Check out this amazing opportunity to grab this deal. This is the one you have been waiting for to add to your portfolio before the end of the year! This one is in need of full rehab for a flip or leave it as is and keep the $1500 a month tenant 💵. Either way, you can't go wrong on this deal!!!


🗣Check out these sold comps:🗣

*️⃣1917 Spring Ave - $188K (older)

*️⃣2417 Semmes St - $195K (older)

*️⃣1902 Connally Dr - $210K (older)

*️⃣1884 Spring Ave - $210K (older)

*️⃣2450 Hillcrest Dr - $272K (older)

*️⃣1846 Broad Ave - $272K (older)


📣📣 Don't miss out on the chance to grab this hot deal! I have deeply discounted it for a CASH BUYER WHO KNOWS A DEAL WHEN THEY SEE IT💵💵💵... Don't be that buyer that calls me next week and I have to tell you it's gone already. This is the deal you have been waiting for!!!


☎️ Call Jason Ford OR shoot him a 📱 text for more info on this killer deal!!!! 678-350-8556


💪 You can click the 🙌 WIN IT NOW button and avoid all the bidding and 🔐 lock this one down right now 🥳




All properties are as is and you must do your own due diligence. We are a wholesaling company. We work direct with Sellers to get investors good deals on SFR real estate. However any claim we make for money is just an estimate of what we think could be made and not in any way a promise. that you will make that amount.
Videos

youtube

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

Jason Ford

No reviews

Disposition manager