Sunday, March 1, 2009

Cheap House, Buy Now! (Lithonia) $23000

JUST LOOK AT THIS PRICE!!! HUGE REDUCTION!!! WHAT AN OPPORTUNITY TO OWN INSTEAD OF RENT! WONDERFULLY PRICED INVESTMENT POTENTIAL! GREAT FAMILY HOME.



This is a wood and stone foyer style home with a one car garage! For the money you can’t beat this house!



This home offers 3 bedrooms with 2 full baths and has a large finished room in the basement along with a ½ bath.



The following is estimated repairs to retail: interior/exterior paint - $4000, new flooring - $3000, new roof and gutters - $3500, new HVAC - $4500, some sheet rock repairs, - $1000, misc. repairs and landscaping - $1500. Total rehab expense to retail $17k to $20k! For a rental you can probably wait another year or two for the roof and outside painting is not too bad. Figure about $10k to $12k to get rent ready.



Tax value of $129,300! The home last sold for $123,100 on 10/14/05 and has an ARV of $110k. In order to sell quickly, price at $84.9k after rehab and should be able to turn. Rent rate for this house will be $800-$850 per month.



Any questions please feel free to contact me! Kevin morice @: 678-427-7700 www.thisgreathouse.com