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Listed by Janelle Weithers • JweithersRealty, LLC
$220,000
Est. payment /mo
4 BD
2 BA
1,900 SqFt
Active
1258 Lyle AVE East Point, GA 30344
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,900 sqft
Price per Sqft $115
MLS Listing ID 10421235
Style Bungalow/Cottage
Bedrooms 4
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1946
Annual Tax Amount $2,776
Tax Year 2022
Lot Size 8,668 Sqft
Property Description
Unlock the potential of this 3-bedroom, 2-bathroom single-family home located in the heart of East Point. Currently rented at $1,600 per month, with $1,587 contributed by a dependable rental assistance program, this property offers a solid return on investment from day one. Property Highlights: Consistent Cash Flow: Benefit from a stable rental income supported by a reliable rental assistance program. Tenant Flexibility: The current tenant is cooperative and understands the lease concludes by the end of January 2025. She is open to staying if you prefer to maintain immediate rental income, or the property can be delivered vacant for your own plans. Value-Add Potential: Originally purchased through foreclosure, presenting an opportunity for renovations to increase property value and maximize returns. Strategic Location: Situated close to schools, shopping centers, and public transportation, enhancing its appeal to renters and future buyers alike. Investment Options: Maintain as Rental: Keep the existing tenant for uninterrupted income. Vacant Possession: Property can be vacated by the end of January 2025, or sooner if under contract before December. Renovate and Flip: Capitalize on the property's potential by undertaking renovations for a profitable resale. Seller's Note: We are seeking offers close to our asking price of $220,000. If a favorable sales price isn't secured, we plan to renovate and flip the property ourselves-highlighting the significant upside potential for investors looking to maximize returns. Don't miss out on this versatile investment opportunity with multiple exit strategies. Contact us today to learn more and schedule a viewing.
Location
State GA
County Fulton
Rooms
Basement None
Main Level Bedrooms 4
Interior
Interior Features Other
Heating Central
Cooling Central Air
Flooring Other
Exterior
Parking Features Parking Pad
Community Features None
Utilities Available Cable Available, Water Available
Roof Type Other
Building
Story One
Sewer Public Sewer
Level or Stories One
Construction Status Resale
Schools
Elementary Schools Parklane
Middle Schools Paul D West
High Schools Tri Cities
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