Another Atlanta Flip or Section 8 Rental/ 1% Rental in Penelope Heights with Potential! Pending

  • $220000
  • 4 beds
  • 2 baths
  • 1540 sqft

2323 Tiger Flowers Dr NW, Atlanta, GA 30314

Another Penelope Heights Flip, brought to you by Patriot Home Buyers, LLC! This 4 BR/2 BA is ready for some TLC to bring to top of the market. The property was previously occupied by a tenant at $1800/month in non-renovated condition. Repaint, add new flooring, and add a new roof to positively cashflow at $2,300/month. THIS PROPERTY WOULD QUALIFY FOR SECTION 8 REQUISITES.

NOTE: If you are seeking ANOTHER (almost identical) property 1 street over, check out our property under contract at 154 Sewanee Ave NW, Atlanta, GA 30314! What better way to maximize your ROI than to have 2 properties at arm’s length away! Click to see Sewanee Avenue here

Flip Comps- ARV $325K

    1.  134 Sewanee Avenue NW Atlanta, Georgia 30314– 3BR/2BA and 200 square feet smaller. Sold for $325K on 10/14/2022
    2. 172 Dahlia Avenue NW, Atlanta, Georgia, 30314- 3BR/2 BA and 600 square feet smaller. Sold for $195K on 12/30/22. PPSF places our property at $322,592
    3. 2250 Tiger Flowers Drive NW, Atlanta, Georgia, 30314- 4 BR/2 BA and 300 square feet smaller. Sold for $259,500 on 11/16/22.PPSF places our property at $323K.

Rental Comps- $2300/month

Note: This property does meet the criteria for Section 8 Housing!

  1. 2195 Penelope Street Atlanta, Georgia 30314- rented for $2,200/month
  2. 2021 Blayton Circle NW Atlanta, Georgia 30314-rented for $2,350/month
  3. 215 Collum St NW, Atlanta, GA, 30314- Rented for $2,950/month

Short Term Rental Comps- $4,500/month

  • 1 AirBnb property off of Penelope Road * (Data sourced from Air DNA)
    • Average Daily Rate $205/night
    • 71% occupancy rate
    • $51.5K reported revenue generated

 

Offers Start at $220K.

Call 678-846-6270 to schedule your property showing today!

 

 

 

Price:
$220000
Address:
2323 Tiger Flowers Dr NW
Atlanta, GA 30314
Square Feet:
1540
Lot Size:
.37
Bedrooms:
4
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
2006

Call 678-846-6270 for more details

Property Location