Thursday, April 2, 2009

Must Sell! Significantly Reduced Price! (Atlanta) $21500

REDUCED AGAIN! One of the LOWEST PRICED HOMES in Georgia. Why RENT when YOU can OWN? Excellent opportunity for a first-time investor. Loyal and friendly neighborhood.

This is a brick bungalow ranch style home built in 1956 located in a very convenient neighborhood.

This home offers 3 bedrooms with 2 full baths and has over 1400’ of living space. It actually has a room on back which could be used as a 4th bedroom since it has a closet.

The home does need about everything to be ready to retail: interior paint - $1500, refinish hardwood flooring - $2000, new roof/gutters - $3500, update kitchen and baths - $4000, new fixtures - $1500, New HVAC/Hot Water Heater - $5000, misc. repairs and landscaping - $2,000. Total rehab expense to have retail ready $18k to $20k. Much less to have ready to rent!

Tax value of $104,500! The home last sold for $75,000 on 7/09/99 and has an ARV of $85k. In order to sell quickly, price at $74.9k after rehab and should be able to turn fast. Rent rate for this house will be $850 per month maybe more with optional 4th bedroom. Similar house next door is bank owned and price just reduced to $100k so this is a deal!

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

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