HOT Off Market Covington, GA - SFH Fix & Flip Opportunity!
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
3 Bedrooms | 1 Baths | 987 ft
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