Additional Details

• Features:: Textbook flip opportunity in LITHIA SPRINGS! This ranch style 3-bedroom home features 1100 sq ft and sits on almost a half acre lot. Being offered VACANT and as an open canvas to immediately renovate and maximize on the retail market. Located minutes from Sweet Water Creek State Park, shopping, restaurants, I-20, and Douglasville. Only ONE active within one mile of the property. Don't miss out on this opportunity to take advantage of this opportunity.
• Potential ARV:: $240,000-$260,000
• Rehab Description:: For a flip or rental, a full rehab is needed. Convert the half bathroom into a full bathroom to maximize on resell value!
• Estimated Rehab:: $60,000-$70,000
• Important Details:: --> VACANT AT CLOSE! --> 20,813 sq ft lot!
• Ideal Investment Strategy:: Rental/Resale
• Construction:: FR
• Comparable Rent:: $1600-$1750/mo
• Comp 1:: 2305 Chestnut Log Pl, Lithia Springs, GA 30122 3/2 1344 Sqft 1974 Build PENDING @ $269,000 (14 Days on the market) (Renovated/investor flip/slightly bigger)
• Comp 2:: 8685 E Hickory Ln, Lithia Springs, GA 30122 3/1.5 1008 Sqft 1971 Build PENDING @ $225,000 (Smaller/Clean, but dated)
• Comp 3:: 1965 Chestnut Log Dr, Lithia Springs, GA 30122 3/2 1100 Sqft 1973 Build SOLD @ $260,000 02/09/24 (Fully updated/Investor flip)
• Comp 4:: 8600 Chestnut Ln, Lithia Springs, GA 30122 3/2 1408 Sqft 1971 Build SOLD @ $230,000 03/12/24 (Bigger/some updates/hedge fund purchase)
• Occupancy:: VACANT AT CLOSE
• Hard Money:: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab