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Ideal Fix n Flip or BRRRR or LTR in Waycross GA!!! 31% OF ARV

Waycross, Georgia
N/A
Real Estate Investment

Description of Property

Quick Property Overview:

Size: 1622 sqft living space

Lot .26 acres

Year Built: 1920

Layout: 3 Bedrooms 2 Bathroom (3rd room doesn’t have a closet)

Brand New Metal Roof

Electrical updated

A/C works

Will need siding work and paint

Will need drywall, ceiling repairs, flooring and paint inside

Can be made into a rental for less renovation costs. Beats the 1% rule at about 1.5%

(rent Zestimate 1200.00 based on 2 bedroom) add a closet for a 3 bedroom for more!

Status: Tenant lives there and will vacate before closing.

Need to coordinate with tenant for viewing availability.

AVAILABLE TO VIEW NOW.

Location Highlights:

Jacksonville FL is just under 1-1/2 hours drive 

Gilchrist Park is 1.5 miles away

Okefenokee Swamp Park 19 minutes drive

Jekyll Island on the Georgia coast is just over 1 hour away

Super safe area/Family friendly 

Financial Highlights:

Asking Price: $35,000 plus closing/TC           BUY IT NOW – 40,000 stop all other bids!

Moderate rehab

After Repair Value (ARV): set at approximately 113,000

Spread is over 69%

113,000 – 35,000 = 78,000  spread

Renovations will depend on your goals for property (CONSIDER A LOWER RENOVATION FOR A LOWER ARV & HIGHER RENT RETURNS)​

EMD: $3,000

Closing Date: 9/18/2024 or sooner (ready as soon as you are & tenant is out) Could be significantly sooner!

Contact for more Information:

Stan Santini

Email: ***

Phone: ***-***-****

Description of Repairs

Will need siding work and paint

Will need drywall, ceiling repairs, flooring and paint inside

  • Access:
    Message Me
  • Build Year:
    1920
  • Home Area(sqft):
    1,622
  • Bedrooms:
    3
  • Heating:
    Furnace
  • Fireplace:
    No
  • Water:
    City
  • Property Type:
    Single Family Residence
  • Occupancy:
    Tenant Occupied
  • Lot Size(acres):
    .26
  • Bathrooms:
    2
  • Cooling:
    Central A/C
  • Foundation:
    Crawl Space
  • Sewer:
    Unknown
  • Parking:
    Driveway

The Numbers

  • Asking Price ($):
    $35,000
  • As-Is Price/Sq Ft:
    $24.66
  • Est. Cost of Repairs:
    $0
  • After Repair Value:
    $113,000
  • ARV Price/Sq Ft:
    $69.67
  • Est. Gross Profit/Equity:
    $78,000
  • Price Negotiable?:
    No
  • Purchase Option:
    Cash, Hard Money,

Comparables

No info given

Property Inspection

Closing Details

  • Closing Attorney / Title Company:
    TBD
  • Target Closing Date:
    September 18, 2024
  • Details:
    COE 9/18/24 or sooner

Location

Please to view the Map

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