1258 Lyle AVE, East Point, GA 30344 - MLS#10421235

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Virnalisi JohnsonKing

[email protected] +1(404) 290-6914

Listed by Janelle Weithers • JweithersRealty, LLC

$220,000

Est. payment - /mo

4 Beds

2 Baths

1,900 SqFt

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UPDATED:

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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Virnalisi JohnsonKing

+1(404) 290-6914

Agent | License ID: 144248

Agent License ID: 144248