Monday, June 15, 2009

Hurry and Steal This House (Decatur) $35000

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 ranch style home with one car garage built in 1988 and is in overall decent shape. Has brand new HVAC system!!

This home offers 3 bedrooms with 2 full baths and includes a nice patio in the back!

This home needs very little work to be rent ready! The following is estimated repairs to retail: interior/exterior paint - $3000, re-roof, gutters and downspouts - $3500, replace hot water heater - $750, new flooring - $2500, minor plumbing, new garage door and misc repairs. Total rehab expense to retail $10k to $12k! In order to get house rent ready less than $5k in work required!

Tax value of $110,000! Current as-is appraised value of $90.8k. The home last sold for $106,000 on 3/29/02. After rehab I would price house at $95k for quick sale or keep in rental portfolio for future wealth. The neighborhood will easily afford market rents of $800-$850 per month. House across the street is requesting $1100 per month rent.

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

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