Additional Details

• Important Details: --> Rented M2M for $600 --> Roof 2 years old
• Features: New deal in Columbus GA! This 2/1 property, offering 858 sqft of living space on a 1/3-acre lot, is an excellent investment for flipping or rental. With a modest price point, it provides an accessible entry into the market. Currently rented at $600 on a month-to-month lease, it presents an immediate 11% cap rate. However, with the potential for rehab, the property could achieve a remarkable 15% cap rate. The convenient location, just minutes away from shopping centers and schools, enhances its appeal for both buyers and renters. The compact size makes for a cheaper rehab, ensuring a promising return on investment. Get this one while you can!
• Potential ARV: $70,000 - $80,000
• Rehab Description: To get this property market ready as a flip or rental it will need a textbook cosmetic rehab. On the interior, trash out and deep clean. Update kitchen, bathroom, and sand/replace hardwood floors. Replace all doors, windows, trim/fixtures, and appliances. Spot repair ceiling drywall. Apply fresh interior paint throughout. Electrical and plumbing in good working order. Seller advised roof is 2 years old, in good working order with no apparent visual evidence of leaks. Add new AC wall units or central HVAC system. Repair soffits/fascia. Finish renovation with a fresh coat of paint and landscaping to boost curb appeal. Vicc 12/11
• Estimated Rehab: $30,000 - $35,000
• Construction: Frame - Brick Veneer
• Ideal Investment Strategy: Rental/Resale
• Comparable Rent: $850
• Comp 1: 2220 Simmons Ave, Columbus, GA 31903 2/1 942 sqft Sold for $85K in AUG. (1951 build, rental finishes, attached carport)
• Comp 2: 2352 Cornell Ave Columbus, GA 31903 2/1 858 sqft Sold for $77K in NOV. (1953 build, dated rental condition, attached carport)
• Comp 3: 2351 York Ave, Columbus, GA 31903 3/1 942 sqft Sold for $82K in AUG. (1954 build, dated condition)