💥HOT Off Market💥 Covington, GA – SFH Fix & Flip Opportunity!

$150,000 • 3 Beds / 2 Baths • 1,008 SqFt
Offer Submission Deadline
  • Single Family House
  • 3
  • 2
  • 1987
  • 1008
  • 40075
  • No Garage

Description

💥HOT Off Market💥 Covington, GA - SFH Fix & Flip Opportunity!

Property Photos


Property Details:


Status: Occupied

📍 Address: 80 Sara Dr, Covington, GA 30016

🌆 County: Newton

🏡 Property Type: Single Family

🛏️ Bedrooms: 3

🛁 Bathrooms: 2

📏 Square Footage: 1008

📅 Year Built: 1987

🌳 Lot Size: 40,075 sqft


⚒️This Single Family property is located just off of Covington Bypass in a desirable area. This property is currently Occupied. Although it is move in ready and can be rented as is, it will need a Cosmetic to Mid Level Rehab and upgrades to spice up its life and too maximize cash flow and fetch top rental rates. Below are some details of the majors that were observed during initial walkthrough.


HVAC: No issues observed

Electrical: Copper wires, no issues observed

Plumbing: No leaks observed

Foundation: No issues observed

Roof: No issues observed


Pricing Details:

💵 Asking Price: $150,000

💰 Minimum EMD: $3,000


Exit Strategy:

💵 The ideal exit strategy for this property would be to buy it, perform a Cosmetic level rehab, cash out and hold it long term to maximize rental income potential. Rent rates in this area show that this property can rent out for around $1,700+/mo.



Buyer Guidelines for Purchasing:

-$3K EMD - non-negotiable.

-Buyer pays all closing costs.

-First Come First Serve at asking price.

-Site unseen offers welcomed, considered, and accepted.

-If a showing is scheduled, highest and best offers taken after showing.

-You miss 100% of the shots you don't take so be sure to submit an offer.

-Call/Text Jamie for more information: (409)223-7434 or jamie@strikezoneinvestments.com

Estimated Spread

  • ARV $240,000
  • Price $150,000
  • Spread $90,000