Hot Macon property

Macon, Georgia
Vinson Village
Real Estate Investment

Description of Property

This house presents a fantastic opportunity for a full rehabilitation project, The structural foundation is solid, providing a great starting point, however, it requires attention to electrical and plumbing systems to reach its full potential!

Description of Repairs

Full rehab
  • Access:
    Message Me
  • Build Year:
    1958
  • Home Area(sqft):
    864
  • Bedrooms:
    3
  • Heating:
    None
  • Fireplace:
    No
  • Water:
    City
  • Property Type:
    Single Family Residence
  • Occupancy:
    Vacant
  • Lot Size(acres):
    .18
  • Bathrooms:
    1
  • Cooling:
    None
  • Foundation:
    Slab
  • Sewer:
    Public/City
  • Parking:
    Driveway

The Numbers

  • Asking Price ($):
    $40,000
  • As-Is Price/Sq Ft:
    $46.30
  • Est. Cost of Repairs:
    $45,000
  • After Repair Value:
    $125,000
  • ARV Price/Sq Ft:
    $144.68
  • Est. Gross Profit/Equity:
    $40,000
  • Price Negotiable?:
    No
  • Purchase Option:
    Cash,
  • Est. Mthly. Rental Rate:
    $1,000
  • Rental Restrictions:
    No
  • HOA:
    No
  • Earnest Money Deposit:
    $50,000

Comparables

  • Comp 1

    Full Address:
    4454 Ashland Dr
    Distance from Listing Property (mi):
    .3
    Sale Price:
    $131,000
    Sale Date:
    June 27, 2023
  • Comp 2

    Full Address:
    4331 Ashland Dr.
    Distance from Listing Property (mi):
    .3
    Sale Price:
    $145,000
    Sale Date:
    June 20, 2023

Property Inspection

Location

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