Additional Details

• Important Details: --> Vacant --> 2/2 (3/1 on tax roll)
• Features: Incredible investment potential! This 2/2 historical home (3/1 layout on tax roll) features 1,522 sqft of living space and is bursting with opportunity. While it requires a full restoration, this home has the potential to be transformed into a 3/2 marvel, perfect for a savvy investor seeking a profitable flip or an appreciating rental. Ideally situated in a thriving location within walking distance of remarkable recreational spots like Golden Park, Olympic Legacy Plaza, Columbus Ice Rink Civic Center, Memorial Stadium, and Haygood Recreation Center. This area has appreciated at 7% per year on average the last 5 years. Don't miss out on this one!
• Potential ARV: $245,000 - $265,000
• Rehab Description: To get this property market ready as a flip or rental, it will need a full restoration. On the interior, gut it to the studs and install new kitchen, bathrooms, flooring, plumbing, electrical, and drywall. Replace all doors, windows, and trim/fixtures. On the exterior, replace roof and siding. Repair/replace front balcony/stairs. Replace ac window units or install central HVAC. Do some landscaping to round out the restoration of this historic home.
• Estimated Rehab: $70,000 - $90,000
• Construction: Frame
• Ideal Investment Strategy: Rental/Resale
• Comparable Rent: $1,500
• Comp 1: 433 2nd Ave, Columbus, GA 31901 2/2 1454 sqft SOLD $257K in July (1933 build, clean finishes, front porch)
• Comp 2: 10 25th St, Columbus, GA 31901 3/3 1207 sqft SOLD $285K in August (1926 build, nice finishes, 20% smaller)
• Comp 3: 503 Broadway, Columbus, GA 31901 3/2 1756 sqft SOLD $389K in March (1889 build, nice finishes, front porch)
• Comp 4: 313 7th St, Columbus, GA 31901 2/2 1229 sqft SOLD $289K in In Oct '22 (1915 build, nice finishes, 20% smaller)