Price Reduced on this Great House in Kennesaw, GA! Motivated Seller! Sold

Check out this solid investment property for sale in Kennesaw, GA!  Act now to acquire this house!  This house in a great part of Cobb County near Kennesaw State University.  The neighborhood is nice, with the great majority of the neighbors caring for their houses.  You will easily find tenants here that will stay a long time. While they pay down your mortgage, you’ll also get great value appreciation because of the sold area.

This house does need some quick repairs and freshening up.   Anticipated repairs are listed below.  Once it’s nice and clean it will easily rent for $1300/ month.

With this solid Kennesaw investment property, you’ll get cash flow, equity up front, and appreciation because of this solid area.   Call us with your offer!

Address:  Old Trail Court, Kennesaw, GA 30144 (this house is occupied, please call for exact house number)

Approximate ARV $160,000

Purchase Price $129,900

Anticipated Strategy: Buy & Hold or Owner Occupant

Property Info:

3 beds, 2 baths

~1900 sqft (tax records do not reflect finished portion of basement)

1987 year built

~0.25 acres lot size one garage door opener does not work, back deck needs replacing, HVAC compressor appears old, interior paint, exterior siding repair and paint,

Main Repairs Needed: one garage door opener does not work, back deck needs replacing, HVAC compressor appears old, interior paint, exterior siding repair and paint, pest control

Nearby Comparable Sales:

3703 Nowlin LN NW sold on 2/29/16 for $170,000 after 59 DOM, has 4 beds/ 3 baths, 2312 sqft, built in 1988

3842 Nowlin Rd sold on 1/4/16 for $169,000 after 76 DOM, has 4 beds/ 3 baths, 3088 sqft, build in 1986

3873 Nowlin Rd went pending on 5/28/16 at $186,900 after 5 DOM, has 3 beds/ 2.5 baths, 1653 sqft, built in 1988

3816 Nowlin Rd went pending on 5/1/16 at $179,900 after 7 DOM, has 3 beds, 3 baths, 1764 sqft, built in 1987

Rental Comps:

5530 Deerfield Pl, 3/2, wood siding, contemporary, split foyer, built in 1987 rented for $1350

4490 Calumet Dr, 3/2, split level, built in 1985 rented for $1300

2455 Deerfield Dr, 3/2, appears to be split foyer, built in 1986, rented for $1250

2063 Winsburg Dr NW, 3/2, split level, built in 1988, rented for $1225

ROI Breakdown:

Purchase Price $129,900

Anticipated Repairs $20,000

All-In to Property $150,000

Monthly Rent $1300

Annual Income $15,600

2014 Taxes $1200

Insurance Estimate $700

Management Fee, approx 9%, $1400

Net Operating Income $12,300

Return on Investment 8%

See Pictures here

How to Buy:

Cash Only; Proof of funds required prior to viewing due to tenant occupancy; Due diligence 48 hours; $5000 Earnest Money deposit required upon contract acceptance; Closing within 21 days with Seller’s attorney.  Agents – please add your commission on top of your client’s offer.

Call Regina and get your contract in place today!  678-439-9159