14% ROI on This Atlanta Investment Property For Sale Sold

$22,900 3 bd, 1.5 ba, 1088 sqft

Atlanta Wholesale House Deal For Sale

Center Hill Ave Exterior Front – Atlanta Investment Property FOR SALE!

Act now to acquire this income-generating property!  This house in a good rental area of Atlanta where you will easily find tenants.  Section 8 is very possible in this area – guaranteed on-time income! 

Check out the solid numbers on this Atlanta Investment Property!  You will have a 14% ROI with this one.  Compared with other houses in the area, this house been better cared for.  Make your offer today! 

Address:  Center Hill Ave, NW Atlanta, GA 30318 (please call for house number)

Approximate ARV $50,000

Purchase Price $22,900

Anticipated Strategy: Buy, Fix and Hold

Property Info:

3 beds, 1.5 baths

1088 sqft

1940 year built

9901 sqft lot size

Main Repairs Neededroof, repair ceiling damage, refinish hardwood floors throughout, update kitchen and bathrooms, paint, exterior repairs

Nearby Comparable Sales:

2293 Kennedy Ct sold on 2/26/16 for $57,000 after 28 DOM, has 4 beds/ 2 baths, 1200 sqft, built in 1969

718 Center Hill Ave sold on 12/21/15 for $20,000 after 46 DOM, has 3 beds/ 1 bath, 1032 sqft, built in 1920

474 Center Hill Ave sold on 2/26/16 for $20,000 after 2 DOM, has 3 beds/ 2 baths, 1188 sqft, built in 1955

Rental Comps:

2459 Donald Lee Hollowell Pkwy, a 3 bed/ 1 bath, leased for $850 on 11/20/15

534 Hamilton E Holmes Dr, a 4 bed/ 2 bath, leased for $900 on 11/1/15

469 Baker Circle, a 3 bed/ 1 bath, leased for $825 on 12/16/15

ROI Breakdown:

$22,900 Purchase Price

$18,000 Anticipated Repairs

$41,000 All-In to Property

$800 Monthly Rent

$9600 Annual Income

$360 Anticipated Taxes

$480 Annual Sanitation Fees

$840 Insurance Estimate

$864 Management Fee, approx 9%

$960 10% consideration for vacancy/ maintenance

$6096 Net Operating Income

14% Return on Investment

Link to Google Maps:

https://www.google.com/maps/place/Center+Hill+Ave+NW,+Atlanta,+GA+30318/@33.7747447,-84.4660227,17z/data=!3m1!4b1!4m5!3m4!1s0x88f51b68c9d6dc5d:0xc577ef70c7cdb49!8m2!3d33.7747403!4d-84.463834

How to Buy:

Cash Only

Proof of funds required with offer

Please complete due diligence prior to submitting offer

$2500 Earnest Money deposit required with accepted contract

Closing within 10 days with Henderson Legal

Don’t miss this Atlanta Investment Property!  Call Regina today!  678-439-9159

Property Details

Price:
$22,900
Address:
Center Hill Ave NW
City:
Atlanta
State:
GA
Zip Code:
30318
Year Built:
1940
Terms:
For Sale
Property Type:
Home
Square Feet:
1088
Bedrooms:
3
Bathrooms:
1.5
Basement:
crawl space
Lot Size:
9901 sqft
Const. Type:
Ranch

Additional Features

shed in rear, covered car port

Call 678-439-9159 for more details

Property Location

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