Saturday, March 28, 2009

Price Slashed, Almost Free! (Lithonia) $23000

GREAT OPPORTUNITY PRICED FOR RENT! THIS HOME WAS RENOVATED RECENTLY. FANTASTIC AND ROMANTIC BEDROOMS AND KITCHENS. CLOSE TO ALL

This is a wood and stone foyer style home with a one car garage! For the money you can’t beat this house!

This home offers 3 bedrooms with 2 full baths and has a large finished room in the basement along with a ½ bath.

The following is estimated repairs to retail: interior/exterior paint - $4000, new flooring - $3000, new roof and gutters - $3500, new HVAC - $4500, some sheet rock repairs, - $1000, misc. repairs and landscaping - $1500. Total rehab expense to retail $17k to $20k! For a rental you can probably wait another year or two for the roof and outside painting is not too bad. Figure about $10k to $12k to get rent ready.

Tax value of $129,300! The home last sold for $123,100 on 10/14/05 and has an ARV of $110k. In order to sell quickly, price at $84.9k after rehab and should be able to turn. Rent rate for this house will be $800-$850 per month.

Kevin morice @: 678-427-7700 www.thisgreathouse.com

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