$490,000 After Repair Value -
$385,000 Asking Price -
$60,000 Cost of Repairs =
$45,000 Potential Profit

Property Details

Asking Price $385,000

After Repair Value $490,000

Costs of Repairs $60,000

Potential Profit $45,000

Living Area 2215 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 2

Half Bathrooms N/A

Parking 1

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income N/A

Yearly Expenses N/A

Property Taxes N/A

Net Operating Income $0

Cap Rate 6.24%

Property Description

FANTASTIC OPPORTUNITY FOR AN INVESTOR SEEKING A COSMETIC REHAB. Perfectly located in Marietta 4 sided ranch, 3BR/2BA, private oversized screened back porch, rocking chair front porch, large living room and dining room, eat-in-kitchen, family room, spacious bedrooms. AC is only a couple of years old and runs great. 2,215 sq ft on main level and 1,593 sq ft in bsmt, with private entry. Seller is a Licensed Agent. The property may easily be converted into a 4BR/2BA with permits if you desire. No HOA- an investor's dream! Location, location, location, within (0.2 mi) to Whitaker Park, (0.3 mi) to Publix, Holcomb Lake, very close to Lovely Downtown Marietta, and so much more! All-Cash Offers. Selling as is, no inspection, all appliances and furniture included leftover from Estate Sale. Additional pictures upon request. Schedule your appointment today!

Repairs Needed

All 3BR: Includes paint, new closet doors, upgraded ceiling fans. Master BA: Demo and Gut includes new shower, toilet, upgrade vanity, cabinets would require painting, light fixtures. Main level guest BA: Replace baseboards, vanity, light fixtures, reface shower, paint, flooring and accessories. Kitchen: Includes new countertops, installation of backsplash, paint cabinets, Antique appliances left in home would need to be replaced, replace electric stove, Laundry Room: paint and lighting. Vinyl flooring installation throughout the entire main  level. Paint and lighting in both Living and Dining Room. Den/FR: Needs possible drywall or repaint wood panels, ceiling fan removal, and cometic ceiling work. Sunroom: Re-screened, paint. Foyer: Paint, reframe door. Basement: Insulation, sheet rock wall for bedroom, Misc. Bsmt/Bonus Room: Flooring, light fixture. Bsmt/Bonus Bathroom: Paint, new vanity, toilet, flooring, misc for permitting. Exterior: Install new roof, gutters, shutters. Project completion 6-8 weeks.


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