GA Off-Market Equity Rich Buy and Hold Performing Property - 3/1 on 0.34 Acres

265 Holly Ave, Fayetteville, GA 30215

$105,000 After Repair Value -
$55,500 Asking Price -
$0 Cost of Repairs =
$49,500 Potential Profit

Property Details

Asking Price $55,500

After Repair Value $105,000

Costs of Repairs $0

Potential Profit $49,500

Living Area 862 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms 0

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $675

Yearly Expenses $700

Property Taxes $878

Net Operating Income $6,522

Cap Rate 5.75%

Property Description

Sharing with you an Off-Market deal in Fayetteville, GA

This property is TENANT OCCUPIED and is a performing property, you can acquire it at a discount of 52% ARV

NOTE TO BUYER: It is PREFERRED to allow the tenant to remain in place. Tenant is elderly and is an excellent tenant. It is possible to raise the rent to $675/mo. Please inquire for more details.

Here are the property details:

Estimated Repair Level: Light
Estimated ARV: $105,000
Current Rent: $650/mo - Excellent Paying Tenant over 5 years!

Equity at Purchase: $49,500

Our Price: $55,500 - Make an Offer!

Beds: 3
Bath: 1
Sqft: 862 | Lot Size: 14,810
Year Built: 1960

Taxes: $878/yr | $73.16/mo
Insurance: $700/yr | 58.33/mo

Attributes:
- Sits on 0.34 Acres
- 27.5 miles to Atlanta, GA
- \'Value Add\' lot size at the end of a neighborhood street.
- Tenant occupied for the last 5 years paying $650/mo - Excellent Payment History
- Off Street Parking
- Installed 2019: Granite Countertops in Kitchen, New Cabinetry, Sink and Appliances. New shower/tub combo, commode and tile flooring. No repairs needed on major systems, Roof age 5 years. No Central A/C or Heat.
- One Story, No Basement
- Tenant Occupied - DO NOT DISTURB TENANT

Interested or Ready to Buy?

or email: abundantrealtyresources at gmail dot com

- Subject Line: Fayetteville Holly Street Deal

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