Atlanta Duplex with Massive Upside for Savvy Investors

By
Real Estate Agent with Keller Williams Realty Cityside 212796

 

www.TheRealEstateMaven2919 Delmar Lane.net | 678-929-8330 | Keller Williams Realty Cityside 770-874-6200 office 2919 Delmar Lane Atlanta GA 30311 Price $165,000.

See more property information below for all details you will need prior to reaching out about the property. See detailed photos at www.2919Delmar.IsNowForSale.com

 

PROPERTY FEATURES

11 beds 2 baths New Roof and Soffits New French Drain and Sump Pumb in Basement New Exterior Doors 2 Car garage with potenial roof top deck

 

PREFFERED CLOSING ATTORNEY FOR THIS SALE

Ganek PC Location Paul Yacu Perimeter or Midtown Location 404-964-7788 Perrie and Associates – Smyrna Location 770-953-0826

 

PREFERRED HARD MONEY LENDER

Baker Collins – Kenneth Igwe 1-866-781-9235

 

 

OPTIONS FOR THE SUBJECT PROPERTY AS AN INVESTOR:

• ROOMING HOUSE/STUDENT HOUSING UP TO $650 PER ROOM PER MONTH WHEN YOU FULLY FURISH THE PROPERTY

• RENT AS ONE HOME UP TO $2,300 PER MONTH

• RENT AS TWO UNITS UP TO $1650 FOR UPSTAIRS UNIT AND UP TO $1450 FOR DOWNSTAIRS UNIT FOR MARKET RENT

• RENT AS 2 FAMILY DUPLEX SECTION 8 UP TO 1,500 PER UNIT.

• Get permits and variance needed to go commercial to rent to artists, hairstylists, etc. Property is next door and across the street from commercial and heavy industrial zoning

• AIR BnB up to $8,100 per month $135 per night per unit for full month’s booking.

• Put coin operated laundry in the Garage for extra income for tenants/guests

 

 

WHAT YOU NEED FOR THIS PROPERTY AND ESTIMATED COSTS

What the building needs to make it a winner: Flooring, Windows, Interior lighting, Paint inside and out, Sheet rock, Electrical, Plumbing, Re-Do the Deck, Balcony Terrace Deck over the Garage, Repoint Garage Stairs, HVACS, Water Heaters, Kitchens, and Baths a well as 2 additional baths and expanding the downstairs kitchen. Estimate of repair costs: 1- HVAC systems - one for each side $8,400 for side vent HVAC systems, 2 - Painting $4,000, 3 - Electrical/Plumbing $6,000, 4- Deck/Balcony $3,500, 5- Water Heaters $1,500, 6- Kitchens/Baths $30,000, 7- Garage/RoofTop Deck Conversion $6,200, 8 - Flooring/Windows $9,300, 9 - Landscaping/Gutters $2,500 Sold AS-IS These numbers are approximate, your values for what you want may be different. These are to get the property rent ready. Other cosmetics are on you and not a factor in this once in a life time deal here in the City at this price. You won't find a better deal than this in ALL of Atlanta. All the components are here to make this a steal of a deal a home run in your real estate portfolio for years to come. Don't wait to buy real estate, buy real estate and wait! Cash or Hard Money Only, Closing in 21 days, Proof of funds and proof of down payment required with offer. Sold As-Is.

 

OTHER TERMS SELLER WILL NEED FOR THE CONTRACT:

No disclosures available except for lead base paint Sold As-Is No bank loans. Seller will accept Hardmoney, Cash or Private Money Only This property WILL NOT go FHA, VA, FHA 203k or FANNIE MAE Homestyle. Closing must be 21 days or less. Other loans will take over 60 days and seller will not hold the property for that long. You will need to provide proof of cash funds no older than 7 days PRIOR to the date of your offer. Sold with Zero 0 due diligence. You must do all your inspections prior to your offer date. Earnest money due 48 hours of binding agreement held by either Ganek PC or Perrie and Associates sent via wire transfer.

 

Shown with agent only. No codes will be given out, no exceptions.

 

For more details, forms and information visit: www.2919Delmar.IsNowForSale.com

 

Warning pursuant to O.C.G.A. 51-16-3 Under Georgia Law, there is no liability for an injury or death of an indivisdual entering these premises if such injury or death results from the inherent risks of contracting COVID-19 You agree when viewing the subject property you will take all precautions and assume all risks for you, your inspectors and associates. Seller is not liable for any damages that may occur through your actions while at the property. Evidence of mold. Seller will not turn on any utilities for inspections. This form and associated website has been put together for you to make an inform decision for this property. Buyer shall confirm and research all related information needed prior to contracting on the subject property

Posted by

Jackye Mumphrey the Atlanta Real Estate Maven 678-929-8330

Comments (2)

Realtyna Inc
Realtyna - Newark, DE
Realtyna- MLS RETS Integration software & services

Hi Jackye, thanks for sharing. I liked your video tour

Sep 15, 2020 02:46 AM
Jackye Mumphrey

Thanks for watching!

Sep 19, 2020 05:56 PM
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

 

Nice job with this new listing.  Best wishes on getting it closed!

Sep 15, 2020 12:39 PM
Jackye Mumphrey

Thank you Joe.. You rock!

Sep 19, 2020 05:55 PM