Southglen · 745 S Carter DR
745 S Carter DR, Jonesboro, GA, 30236
$180,000
6
Bedrooms
2
Bathrooms
1,956
Sq ft
Description
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 type
Single Family Residence
Listing agent
STANTONJOSH
Listing office
KWAD01
Interested in this home?
Contact Eric Adams for a private showing or more information about this property.