Wednesday, March 25, 2009

Investor Special, Significant Equity “CASH” sale only! (Lithonia) $29450

PERFECT FOR A FIRST TIME STARTER. HOME HAS PLENTY OF WINDOWS TO LET THE SUNLIGHT COME IN GEAT STARTER HOME ON A NICE SIZED LOT. CLOSE TO SCHOOLS, SHOPPING AND FREEWAYS

This is a siding and stone split foyer style home built in 1985 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 finished great room with stone fireplace in the basement.

The following is estimated repairs to retail: interior/exterior paint - $3500, new flooring - $2500, new roof - $3000, new HVAC - $4000, misc. repairs including some updating and landscaping - $2,000. Total rehab expense to retail $13k to $16k! For a rental you can probably wait another year or two for the roof and outside painting is not too bad right now. Figure about $8k to $10k to get rent ready.

Tax value of $112,000! The home last sold for $110,100 on 3/01/02 and has an ARV of $100k. In order to sell quickly, price at $84.9k after rehab and should be able to turn fast. Rent rate for this house will be $800-$850 per month. Investor has a renovated house down the street currently for sale at $95k.

Free free to contact me by phone or e-mail, and please visit our web site for more information Kevin Morice @: 678-427-7700 www.ThisGreatHouse.com

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