Try your hand at this value play in the up & coming area. Total Rehab opportunity in well-established neighborhood on a quiet street. Pop the top & add a 2nd floor to increase the value by making it 3/2. Renovated comps in the area between .4 miles – 2.0 miles from the subject property sold for $230k – $280k in 2019.

Located less than 4.5 miles from the HOT soon to be opening Westside Reservoir Park. & less than 3.5 miles to Atlanta BeltLine Westside Trail. Only minutes from downtown & midtown Atlanta, I-285, I-85/I-75 & Smyrna/Cobb Pkwy Pop the top & add a 2nd floor to increase to 1,500 – 1,600 square feet and increase the value by making it 3/2.5. Renovated comps in the area between .4 miles – 2.0 miles from the subject property sold for $230k – $280k in 2019.

Comps:
2408 Harvel Dr
Atlanta, GA 30318
Sold on 6/27/2019 for $270k
1,529 square feet
Located .4 miles from subject property

2507 Ryne St
Atlanta 30318
Sold on 10/29/2019 for $245k
1,720 square feet
Located .8 miles from subject property

606 Cedar Ave
Atlanta, GA 30318
Sold on 6/27/2019 for $230k
1,889 square feet
Located 1.4 miles from subject property

1980 North Ave
Atlanta, GA 30318
Sold on 11/05/2019 for $280k
1,470 square feet
Located 2.0 miles from subject property

1919 North Ave
Atlanta, GA 30318
Sold on 5/03/2019 for $270k
1,450 square feet
Located 2.1 miles from subject property

$70k acquisition including buyer paid closing cost

$100k renovation

$221k is a 30% GP

$238k is a 40% GP

$255k is a 50% GP