ON MARKET – DISCOUNTED PRICE

Atlanta, Georgia
Jonesboro/Browns Mill/ Lakewood

Listings Stats

Published: Dec 06, 2023
Last Edited: Mar 29, 2024
Listing Type: MLS
Listing Status: Available
Number of Views: 290
Days On Flippery: 165
Number of Favorites: 0

The Numbers

Buy It Now Price: $140,000
Asking Price ($): $148,000
After Repair Value: $323,000
Est. Cost of Repairs: $15,000
Est. Gross Profit: $160,000
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Real Estate Investment

Description of Property

LIGHT REHAB, APPLIANCES, PAINT, FLOOR NEEDS SOME WORK!

ARV: $323,380

YEAR BUILT: 1960

SQ FT: 1025

BED: 3

BATH: 1

ACCESS: LOCKBOX

HVAC: 6 YEARS OLD

ROOF: OVER 7 YEARS OLD

WATER HEATER: OVER 7 YEARS OLD

NEW WATER SERVICE LINE FROM METER TO THE HOME, COMPLETED IN 2021

UTILITIES ARE ON UNTIL WEDNESDAY

ASKING PRICE: $140s

 

COMPS:

1341 REDFORD DR – $274K

1030 REGIS RD SE – $310K

1041 STONEWALL DR SE – $290K

568 MCWILLIAMS RD SE – $483K

1202 KEY RD SE – $260k

Description of Repairs

  • PAINT
  • CARPET
  • GUTTERS
  • Access:
    Unlocked/Open access
  • Build Year:
    1960
  • Home Area(sqft):
    1,025
  • Bedrooms:
    3
  • Heating:
    Furnace
  • Property Type:
    Single Family Residence
  • Occupancy:
    Vacant
  • Lot Size(acres):
    0.2
  • Bathrooms:
    1
  • Cooling:
    Central A/C
  • Foundation:
    Crawl Space
  • Parking:
    Driveway

The Numbers

  • Asking Price ($):
    $148,000
  • As-Is Price/Sq Ft:
    $144.39
  • Est. Cost of Repairs:
    $15,000
  • After Repair Value:
    $323,000
  • ARV Price/Sq Ft:
    $315.12
  • Est. Gross Profit/Equity:
    $160,000
  • Price Negotiable?:
    Yes
  • Purchase Option:
    Cash, Hard Money,
  • Est. Mthly. Rental Rate:
    $166,000
  • Rental Restrictions:
    No
  • HOA:
    No
  • Earnest Money Deposit:
    $500,000

Creative Financing Terms

N/A

Comparables

  • Comp 1

    Full Address:
    341 REDFORD DR
    Distance from Listing Property (mi):
    0.04
    Sale Price:
    $274,000
    Sale Date:
    May 1, 2023

  • Comp 2

    Full Address:
    1030 Regis Rd SE
    Distance from Listing Property (mi):
    0.18
    Sale Price:
    $310,000
    Sale Date:
    February 2, 2023

  • Comp 3

    Full Address:
    1041 Stonewall Dr SE
    Distance from Listing Property (mi):
    0.27
    Sale Price:
    $290,000
    Sale Date:
    March 21, 2023

Property Inspection

Location

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