Great off-market deal in the HOT North West Atlanta area with immediate cash flow! Instant equity! Tons of residential and commercial development happening in the immediate area. Home is 4 sided brick with original hardwood floors, neighborhood is transitioning very quickly, making a lower priced renovation highly desirable for buyers. Amazing ROI opportunity already with 3 year section 8 tenant who wants to stay long term! 171 Holly Rd NW Atlanta, GA currently is tenant occupied. DO NOT DISTURB TENANT. The rent is $1,010/mo. Section 8 pays $828 of the $1,010. The property is hardwood floors throughout, 3 bed/2 bath and needs $0 in repairs if tenant stays. If you wanted to flip the property, at most it may need is $15,000-18,000 in cosmetic repairs. I can offer addition pictures if need be. In order to view the property we are requiring a written offer and $2,500.00 in earnest money to our closing attorney granting a 3 day inspection period from the binding agreement and closing 14 days after inspection. Comparables: 20 Holly Rd NW 3/2 1,395sf Built 1952 Sold for $169,800 2012 Joseph E. Boone Blvd 3/2 1,234 Built 1936 Sold $169,800 325 Wellington St SW 3/2 1,611 Build 1920 Sold $165,000
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