A fixer-upper with multiple exit strategies. Fix and flip - there's real upside here with renovated houses selling for $280K. Buy, Renovate, Rent, Refinance, Repeat (BRRRR) - set this up for co-living and rent it for $5,000/month with over $1,000/month cash flow even after you pull out your equity with a refinance. Perfect for a handy owner-occupant looking to get some sweat equity. It needs work, but the spacious layout is ideal for an owner-occupant or investor. Only a quarter mile from public transportation, which is ideal for a rental. As a PadSplit/Coliving property it's set to perform at a 13% cap rate, and well over 20% cash-on-cash ROI. Reach out and we'll share the PadSplit financials. Please do all due diligence prior to submitting an offer.
Property Features
Utilities
Cable Available
Electricity Available
Natural Gas Available
Phone Available
Sewer Available
Water Available
Sewer Connected
Cooling Information
Central Air
Electric
Heating Information
Forced Air
Natural Gas
Water Features
Public
House Interior
High Speed Internet
Parking
Kitchen Level
Basement
None
School Information
School Information for 745 S Carter Drive, Jonesboro, GA 30236
Elementary School
Kilpatrick
Middle School
Jonesboro
High School
Jonesboro
Listing Courtesy: Keller Williams Realty - 404-564-5560