Wholesale Smyrna Rehab or Buy and Hold! 1 Acre & King Springs!

924 Reed Rd, Smyrna, GA 30082

$495,000 After Repair Value -
$235,000 Asking Price -
$108,000 Cost of Repairs =
$152,000 Potential Profit

Property Details

Asking Price $235,000

After Repair Value $495,000

Costs of Repairs $108,000

Potential Profit $152,000

Living Area 4053 ft2

Property Type Single Family House

Bedrooms 5

Bathrooms 3

Half Bathrooms N/A

Parking 1

Listed with Agent 0

Property Description

Call or text Val at - to schedule a showing. Please read the Terms and Conditions at the bottom of this email prior to submitting an offer.924 Reed Rd SE Smyrna GA 30082$240,000 Purchase PriceClick here for pictures - Analysis:? Purchase Price: $240,000? Rehab Price: $108,000 (includes fixing pool, could also fill in)? Holding costs: $13,000? ARV: $495,000 (this is conservative, see comps)? Projected Gross Profit Spread: $134,000 (37% ROI)Click here for comps - Description:Currently a 5/3, 4053 sq ft ABOVE ground and a 2000 sq ft unfinished basement. 2 car garage (new door/hardware) + Boat garage in basement. 1 Acre lot across the street from King Springs Elementary (best school district in Smyrna). In ground vinyl pool with diving board; vinyl needs patching/replacing; documentation/maintenance on filtration system available. Entire house needs updating, new roof, new windows, new siding, one of the bathrooms had leak at some point; repaired but remanence of leak remain.This is a great deal for a 4000 sq ft house (not including basement) on an acre lot in one of the hottest areas of Smyrna!Terms & Conditions:Only available to cash or hard money buyers who can close within 21 days of the Binding Agreement Date. Buyer will pay all closing costs. A $5,000 deposit, proof of funds and/or pre-qualification letter from hard money lender are due within 24 hours of the Binding Agreement Date. The $5,000 deposit is only refundable if clear title cannot be delivered. Please perform all due diligence prior to submitting an offer. Property sold AS-IS with no disclosures. Will only close with Henderson Legal LLC and using our contract/agreement is required. Please do not re-post any of this information online or on social media. Wholesalers and Agents, add your fee on top of the Purchase Price and work out payment with your buyer.PS... Ask us about our investor-focused post-renovation home listing program that includes a direct marketing campaign paid for by us and aimed at generating off-market leads exclusively for you.GA Realtor, license # -

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