Friday, July 24, 2009

Cheap House, Buy Now! (Lithonia) $33700

JUST LOOK AT THIS PRICE!!! HUGE REDUCTION!!! WHAT AN OPPORTUNITY TO OWN INSTEAD OF RENT! WONDERFULLY PRICED INVESTMENT POTENTIAL! GREAT FAMILY HOME.

This is a brick and wood siding ranch built in 1975! Very simple rehab!

This home offers 4 bedrooms with 2 full baths, a living room and a separate family room with fireplace and built-ins. Total finished space of over 1900’.

The following is estimated repairs to retail: interior/exterior paint - $2500, new flooring - $2500, new roof - $3000, new counters and appliances - $2000, HVAC looks newer - $1000, new hot water heater - $750, misc repairs and landscaping $1000. Total rehab expense to retail $13k to $15k! In order to get rent ready could probably get by spending $7k to $10k and have the house in rent ready condition.

Tax value of $111,700! The home last sold for $111,100 on 6/5/06 and before that sale it sold for $62.9k in 9/86. For a fast sale suggest you price at $89.9k after minor fix-up and you should sell fast! A conservative rent rate for this size house should be $800 to $900 per month.

Further details get in touch with Kevin morice @: 678-427-7700 www.thisgreathouse.com

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