Monday, April 20, 2009

Excellent Investment, Hurry Will Not Last at This Price! (Lithonia) $29700

THIS IS A WONDERFUL OPPORTUNITY FOR AN AFFORDABLE STARTER HOME. THIS COZY HOME REALLY SHOWS PRIDE OF OWNERSHIP AND IS JUST WAITING FOR YOU TO MOVE IN! THIS BEAUTIFUL AND WELL MAINTAINED PROPERTY HAS A GOOD CONDITION

This is an aluminum siding foyer style home with a two car garage sitting on a large corner lot! This is a large house for the money and an easy rehab! The house would actually have very nice curb appeal but the trim looks like it has not been painted for 10 years!

This home offers 4 bedrooms with 3 full baths and has a large finished room in the basement along with the 4th bedroom.

The following is estimated repairs to retail: exterior pressure wash and paint trim - $1000, interior painting - $2500, new flooring - $3000, new gutters - $750, some minor sheet rock repairs, - $1000, new kitchen counter tops - $1000, misc. repairs, updating and landscaping - $2000. Total rehab expense to retail $11k to $15k! Overall mechanicals look new and roof does not look too bad. If you decide on a new roof add another $3k to repairs. The plumbing is also still in place as the house has not been vandalized like so many today!

Tax value of $148,900! The home last sold for $117,500 on 9/26/00 and has an ARV of $110k. In order to sell quickly, price at $89.9k after rehab and should be able to turn fast. Rent rate for this house will be $1000-$1100 per month.

Contact the owner Kevin Morice Ph: 678-427-7700 www.ThisGreatHouse.com

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