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Atlanta, Georgia
Oakland City - Westmore Estates
+10

Listings Stats

Published: Jul 14, 2023
Last Edited: Apr 25, 2024
Listing Type: Wholesale
Listing Status: No Longer Available
Number of Views: 1138
Days On Flippery: 499
Number of Favorites: 0

The Numbers

Asking Price ($): $220,000
After Repair Value: $350,000
Est. Cost of Repairs: $40,000
Est. Gross Profit: $90,000
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Real Estate Investment

Description of Property

  • Super solid property ready for your personal touches to maximize the ARV
  • Vinyl siding
  • Loft space upstairs used as a bedroom bringing this to a 3/1 and not 2/1 as shown on county website
  • Roof and major systems all good
  • Galley kitchen with plenty of potential
  • Delivered vacant at closing
  • 9′ ceilings
  • Crawl space

Description of Repairs

  • Plan on light touch ups on the exterior to maximize curb appeal
    • Change up the color
    • Landscaping
  • Interior will need more attention
    • Update kitchen
    • Update bath – Started but never completed
    • Int paint
    • Fixtures
    • Hole in the floor in front of fireplace
  • Access:
    Message Me
  • Build Year:
    1950
  • Home Area(sqft):
    1,547
  • Bedrooms:
    3
  • Heating:
    Furnace
  • Fireplace:
    Yes
  • Water:
    City
  • Property Type:
    Single Family Residence
  • Occupancy:
    Tenant Occupied
  • Lot Size(acres):
    0.2104
  • Bathrooms:
    1
  • Cooling:
    Central A/C
  • Foundation:
    Crawl Space
  • Sewer:
    Public/City
  • Parking:
    Driveway

The Numbers

  • Asking Price ($):
    $220,000
  • As-Is Price/Sq Ft:
    $142.21
  • Est. Cost of Repairs:
    $40,000
  • After Repair Value:
    $350,000
  • ARV Price/Sq Ft:
    $226.24
  • Est. Gross Profit/Equity:
    $90,000
  • Price Negotiable?:
    Yes
  • Purchase Option:
    Cash, Hard Money,
  • Est. Mthly. Rental Rate:
    $1,600
  • Rental Restrictions:
    No
  • HOA:
    No
  • Earnest Money Deposit:
    $5,000

Comparables

  • Comp 1

    Full Address:
    1420 Westmont Rd SW, Atlanta, GA 30311
    Distance from Listing Property (mi):
    1
    Sale Price:
    $349,000
    Sale Date:
    May 31, 2023

  • Comp 2

    Full Address:
    1062 White Oak Ave SW, Atlanta, GA 30310
    Distance from Listing Property (mi):
    0.5
    Sale Price:
    $449,000
    Sale Date:
    June 2, 2023

  • Comp 3

    Full Address:
    1536 Langston Ave SW, Atlanta, GA 30310
    Distance from Listing Property (mi):
    0.75
    Sale Price:
    $355,000
    Sale Date:
    April 18, 2023

Property Inspection

  • Details:
    Message me please as property is current tenant occupied.

Location

Please to view the Map

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