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🔥 Great Rental Property 10yr Tenant 40k In Equity!

Macon, Georgia
Shirley Hills
Real Estate Investment

Description of Property

Single Family Home/off market

837 Parkview Ct, Macon, GA 31211

ASKING: $130,000

ARV: 185k – 215k

Currently Rented for $850

(Monthly lease) 60 days to terminate lease

Rent Market Value: $1,725

(Assignment of Contract)

Direct To Seller

Year built: 1997

3beds • 2.5bath • 1,700sqft

Lot Size: 4,356sqft

Description of Repairs

Needs light cosmetic fixes and updating. The tenant has been on a month to month for ten years. They are paying around 50% of current rent value. I would advise buyer to due their own due diligence. Please contact me at 912-282 2288/[email protected]

  • Access:
    Message Me
  • Home Area(sqft):
    1,700
  • Property Type:
    Single Family Residence

The Numbers

  • Asking Price ($):
    $135,000
  • As-Is Price/Sq Ft:
    $73.53
  • Est. Cost of Repairs:
    $20,000
  • After Repair Value:
    $200,000
  • ARV Price/Sq Ft:
    $117.65
  • Est. Gross Profit/Equity:
    $45,000
  • Price Negotiable?:
    Yes
  • Purchase Option:
    Cash,

Comparables

  • Comp 1

    Full Address:
    1128 Jackson Springs Rd, Macon, GA
    Distance from Listing Property (mi):
    (0.50mi)
    Sale Price:
    $180,500
    Sale Date:
    March 28, 2024
  • Comp 2

    Full Address:
    1417 Waverland Dr, Macon, GA.
    Distance from Listing Property (mi):
    (1mi)
    Sale Price:
    $215,000
    Sale Date:
    May 30, 2024
  • Comp 3

    Full Address:
    1537 Engle Dr, Macon, GA.
    Distance from Listing Property (mi):
    (1.5mi)
    Sale Price:
    $185,000
    Sale Date:
    June 13, 2024

Property Inspection

Closing Details

  • Closing Attorney / Title Company:
    Sherman & Phalen, LLC
  • Target Closing Date:
    August 22, 2024
  • Details:
    Buyers will need to provide a $3,000 non-refundable deposit (cashiers check) at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated.

Location

Please to view the Map

Flippery, LLC does not guarantee the accuracy of any data presented. This data is solely provided by the site member.

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