Monday, April 6, 2009

Awesome Foreclosure Priced Way Below Market (Decatur) $29750

GREAT OPPORTUNITY TO MAKE IT OWN! GREAT FOR FIRST TIME HOME BUYER OR INVESTOR. THIS PROPERTY HAS A GREAT LOCATION, CLOSE TO ALL SHOPPINGS, FREEWAYS, AND MUCH MORE.

This is a brick and wood siding ranch style home built in 1967. The home sits on a great level private lot and will make a wonderful rental for someone or first time home buyer!

This home offers 3 bedrooms with 2 full baths and has over 1700’ of living space. That is a price of $17 per sq ft for those of you that like to look at your investments in that manor.

Minimal repairs necessary to get rent ready: interior paint - $1500, refinish hardwood flooring - $2000, new roof/gutters - $3500, misc. repairs including some updating and landscaping - $1,000. Mechanicals all look new! Total rehab expense to have rent ready less than $8000. Should also be an easy rehab and quick sale!

Tax value of $101,600! The home last sold for $97,400 on 1/12/05 and has an ARV of $90k. In order to sell quickly, price at $79.9k after rehab and should be able to turn fast. Rent rate for this house will be $850 per month. Investor has a renovated house down the street currently for sale at $139k or rent to own at $950 per month.

If you want to know more information about this property please feel free to contact me at any time via email or phone. Kevin morice @: 678-427-7700 www.thisgreathouse.com

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