1803 Fay Street Southeast, Atlanta, GA 30316

Overview

Asking: $340,000

ARV: $550,000

Property Highlights: Single family

5 Bed | 3 Bath |~2,785 Sqft | Built 1954

Construction: Brick

Foundation: Basement

Occupancy: Vacant

Pictures: https://drive.google.com/drive/folders/1w80qFE2_Nxjkxk0FSfzgly_7YMhg50PC

Rehab Notes:

Roof: New

HVAC: New

Plumbing:  New

Flooring: Needs flooring

Exterior: Painting ~80% complete | Exterior finishes and landscaping recommended

Interior:

Basement framed, waterproofed, and interior drain system added

Needs insulation, drywall, trim, doors, paint, flooring

Kitchen needs finish-out (cabinets, counters, appliances)

Estimated Rehab:  A substantial portion of renovation work has been completed, including all major mechanical rough-ins. Remaining work is primarily insulation, drywall, finishes, bathrooms, kitchen, and landscaping.

Market rents: 5-bedroom houses: ≈ $4,500-$6,000/month (Depending on Scope of work and finishes)

Comparable Sales:

*Comp #1: 3 Bed | 3 Bath | 2,494 Sqft – Sold for $565,000

1967 Bencal Dr SE, Atlanta, GA 30316 (For Rent $7,500/month)

*Comp #2: 4 Bed | 3 Bath | 2,050 Sqft – Sold for $490,000

788 Fayetteville Rd SE, Atlanta, GA 30316

*Comp #3: 4 Bed | 3 Bath | 2,200 Sqft - Sold for $599,000

1826 Terry Mill Rd SE, Atlanta, GA 30316