ONE OF A KIND. TOTALLY REMODELED. LOTS OF CHARACTER INSIDE AND OUT. OVERSIZED LIVING KITCHEN DINING. TOO MANY THINGS TO LIST. SEEING IS BELIEVING.
This is a three sided brick traditional style tri-plex unit built in 1979!
This home offers 2 units with 3BR and 1 1/2BA each and a unit in the basement with 2BR and 1BA with total of 3652’ of living space.
Based upon comps, rent rate for the 3BR is $750/mth and the 2BR is $500 for total of $2000 per month. Suggest lowering rents in order to reduce overall turn-over to $700 and $450 for total of $1850/mth! Great overall return on your investment!
Following is estimated repairs to retail: New appliances and minor kitchen update - $5000, new hot water heaters - $1750, roof overlay - $4250, new flooring - $4500, interior/exterior paint/repairs - $7500, HVAC - $10,000, plumbing repairs - $2500, fixtures - $1750, landscape, dumpster and other misc. carpentry repairs. Total rehab est. of $35k to $38k depending upon exit strategy.
Tax value of $195,000! The home last sold 11/01 at $198,000! Current as-is appraised value of $120,000 with after repair appraisal of $200,000.
For inquires please contact Kevin Morice @ 678-427-7700 Website www.ThisGreatHouse.com
Monday, March 9, 2009
Beautiful home (Lithonia) $94000 3bd
This is a 3 bdrm/2 1/2 bathroom home for sale at 94K. 2 level home with a single car garage. New garage door w/new door opener/new central heat and air system/large deck/new harwood floors in dining room/wet bar/fireplace/large back yard/new roof. This home has a tenant paying $800.00 per month rent with 11 months left on lease. Seller will pay 3K towards closing costs. Seller will pay also pay $200 per month to buyer for the duration of lease....For more information call Johnny @ (770) 873-3315
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