Home Details
Dramatic Reduction for quick sale. This single-story brick home offers 4 bedrooms and 3 bathrooms with approximately 1,352 SF of living space. A previous owner professionally converted the garage, adding an additional bedroom and full bathroom (permits unknown), allowing the home to function and rent as a 4BR/3BA, significantly enhancing rental appeal and income potential. Built in 1970, the home features central heating and air, wood laminate flooring, a ceiling fan in the living room, a private patio, and an asphalt roof with remaining life. The property is tenant-occupied and currently rented for $1,600 per month, with a lease in place through July 2026, providing immediate and stable income for the next owner. Investor Opportunity: Priced for a quick sale at $215,000, this income-producing property offers immediate cash flow with $1,600/month in-place rent ($19,200 annually), producing an estimated ~8.9% gross yield at the asking price. The 4-bedroom / 3-bathroom configuration, made possible by the converted garage suite, significantly increases rental demand and value perception compared to typical 3-bedroom homes in the area. Solid brick construction, central HVAC, laminate floors, and a stable tenant already in place make this a turnkey investment. Strong ROI potential with additional upside through future rent increases and long-term appreciation in the growing Clayton County, Georgia rental market. Seller motivated and seeking a fast, smooth closing.
Presented By: Henry Pailles with Carnegie Cap;