Monday, March 16, 2009

Investor Broke! His Loss Your Gain! (Lithonia) $49500

THIS AMAZING HOME IS ONE OF THE CHARMS OF THE NEIGHBORHOOD! YOU REALLY CAN HAVE IT ALL! WHAT MORE ARE YOU LOOKING FOR?? TOO MUCH MORE; MUST SEE!!!

This is a siding and brick traditional home with a 2 car garage built in 1977. The home is located in a very nice subdivision and sits on a huge lot close to an acre in size.

This home offers 4 bedrooms with 2 and 1/2 baths with formal living room, dining room and family room with brick fireplace! All rooms are nice size!

The home is really in good shape, almost rent ready. The following is estimated repairs to retail: interior/exterior paint - $4000, new gutters and downspouts - $750, flooring - $3,500, update kitchen - $2500, hot water heater - $750, HVAC looks ok ?, misc. repairs and landscaping (tree removal) - $1500. Total rehab est. of $12k to $15k.

Tax value of $145,400! The home has a current bank appraisal value of $120k! After the simple rehab I would price house at $120k to $125k for quick sale or keep in rental portfolio. Market rent for this size house $1050 - $1100 per month. This is really a great subv. and good location. Homes should be worth $130k to $135k all day long but maybe not today.

Contact the owner Kevin Morice Ph: 678-427-7700

www.ThisGreatHouse.com

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