Gainesville 4/2 Buy n Hold or Flip Potential Sold

  • $63,000
  • 4 beds
  • 2 baths
  • 1036 sqft

Conveniently located close to Brenau College, City Center of Gainesville, Shops and restaurants, and 4 doors from New Desota Park!  This is a great opportunity to add a high ROI rental property to your portfolio and be well over the “1% Rule”.  In its current state, start cashflowing immediately and when tenants move out next year, a light rehab allows almost 50% increase in rental rates.  This is on a quiet street in an upcoming area in Gainesville.  Many houses like this being renovated and the area is improving quickly.

 

Rental Renovation Budget – $10k – $15k

Currently rented for $675/mo until 7/2019

Rent for $1,000+/mo after current lease

 

Comps in the area:

738 Summit St SE Gainesville, GA 30501 – SOLD $135,000 08/18

1033 Cloverdale St SE Gainesville, GA 30501 – SOLD $128,000 08/18

Price:
$63,000
Address:
1189 Desota St. SE
Gainesville, GA 30501
Square Feet:
1036
Bedrooms:
4
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1940
Basement:
Crawlspace
Const. Type:
Frame

Call 914-314-2276 for more details

Property Location