Monday, June 15, 2009

Cheap House, Buy Now! (Snellville) $38500

DON'T MISS THE OPPORTUNITY TO BUY THIS BEAUTIFUL AND UNIQUE HOME NEWLY RENOVATED KITCHEN AND ALL OTHER ROOMS. THIS HOME CAN ACCOMMODATE YOUR FAMILY.

This is a siding traditional style home built in 1987 with a drive-under garage sitting on a nice corner lot! Nice family neighborhood in Gwinnett County .

This home offers 3 bedrooms with 2.5 baths with an upstairs bonus/office area. Unfinished rooms in the basement provide great storage or work area. House features a large kitchen, fireplace in the great room and garden tub in master bathroom.

Tax value of $129,400! The home last sold for $85,900 on 10/30/87 with most recent sales figures not available. In order to sell quickly and based upon current active listings, price at $95.9k after rehab and should be able to turn fast. Rent rate for this house will be $850-$950 per month.

Total rehab expense to retail $16k to $20k! A little less for rental, probably around $15k with exterior work being the most pressing need right now.

The following is estimated repairs to retail: exterior pressure wash, paint, replace some siding boards and minor wood rot repairs - $3500, rebuild front porch and back deck repairs - $2000, interior painting and repairs - $3000, new flooring - $3000, new gutters - $500, new kitchen appliances - $1500, some minor repairs and new fixtures, - $1000, HVAC - $1000 (looks ok), new hot water heater - $750, misc. repairs, updating and landscaping - $2000.

Kevin Morice @ 678-427-7700 Web: www.ThisGreatHouse.com

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