Additional Details

• Important Details: --> EVICTION --> 3/2 layout with a den/bonus room --> Walking distance to Fort Valley State University!
• Features: New deal in Fort Valley! This 3 bedroom, 2 bathroom home boasts a spacious 1,610 sqft of living space with a den/bonus room and attached carport. Located just two blocks away from Fort Valley State University! Savvy investors can capitalize on the opportunity to maximize rental income by converting the family room into a fourth bedroom. This presents a lucrative rental strategy with the potential to achieve a 12% + cap rate. Don't miss out on this one!
• Potential ARV: $120,000 - $135,000
• Rehab Description: For a rental, this will need a full cosmetic renovation. Do a trash out and deep clean. Update kitchen, bathrooms, flooring, trim/fixtures, and appliances. Apply fresh interior paint throughout. Spot repair/replace ceiling and missing drywall. Electrical and plumbing need attention. Replace window AC units. Roof is 5 years old with small leak in the den/family room that needs to be addressed, along with soffits and fascia. Power wash and paint the exterior and do some landscaping to boost curb appeal.
• Estimated Rehab: $30,000 - $40,000
• Ideal Investment Strategy: Rental/Resale
• Comparable Rent: $1200
• Construction: Frame
• Comp 1: 78 Duncan St Fort Valley, GA 31030 3/2 1,941 sqft Sold for $119K in SEPT. (1963 build, rental condition, attached 1-car garage)
• Comp 2: 502 Peachtree St, Fort Valley, GA 31030 3/1 1,053 sqft Sold for $135K in SEPT. (1993 build, clean rental condition, 1/2 acre lot)
• Comp 3: 340 Friendship Cir, Fort Valley, GA 31030 1/1 960 sqft Sold for $100K in JUNE (1970 build, dated rental condition)
• Comp 4: 604 Belle St, Fort Valley, GA 31030 3/2 1,500 sqft Sold for $150K in APRIL (1945 build, dated condition, attached carport)