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

Macon, Georgia
Shirley Hills

Listings Stats

Published: Jul 31, 2024
Last Edited: Aug 01, 2024
Listing Type: Wholesale
Listing Status: Available
Number of Views: 344
Days On Flippery: 113
Number of Favorites: 2

The Numbers

Buy It Now Price: $125,000
Asking Price ($): $135,000
After Repair Value: $200,000
Est. Cost of Repairs: $20,000
Est. Gross Profit: $45,000
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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

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