Skip To Content

514 S Evelyn Place NW

Atlanta, GA 30318
  • $255,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 10267667
$255,000
  • 3
    BEDS
  • 0.17
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 2,400
    SQFT
  • $106
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1948
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Amazing fixer-upper for savvy investors located in the heart of GROVE PARK. Grove Park is one of the hottest locations for flipping houses or holding. You can maximize profit value by renovating the unfinished basement as a 2/2 and the upstairs as 4/2; therefore, the ARV value will range from $450k to the high $400s. The property is in good condition and only requires updates, resurfacing hardwood floors, and finishing the basement for a 2-bedroom in-law suite. Comps for 4-bedroom houses sold in the mid $400s. Renovations are estimated to cost $80,000 in upgrades for the main level, along with a 2-bedroom in-law suite. Total profit gains are estimated at $75k to $110k after flipping. Fully renovated homes with in-law suites in the basement sell faster to retail buyers (like first-time home buyers) because it offsets the mortgage payments. Please do all your due diligence prior to going under contract. First-time home buyers can rent out the in-law suite unit and live in the main unit. Five-month owner financing is available for fix & flip investors! Schedule a showing today.

Monthly Payment Calculator



Georgia MLS logo© 2024 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Team Kristin Brown | Keller Williams Coastal Area Partners are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Team Kristin Brown | Keller Williams Coastal Area Partners. Data last updated: 2024-04-04T00:06:59.633.
www.teamkristinbrown.com/homes/148648039
Print Image

514 S Evelyn Place NW Atlanta, GA 30318

  • Price: $255,000
  • Status: Active
  • On Site: 33 Days
  • MLS #: 10267667
3
Beds
1
Baths
0
½ Baths
0.17
Acres
2,400
SQFT
$106
$/SQFT
1948
Built
Neighborhood:
Grove Park
County:
Fulton
Area:
ATLANTA
Elementary School:
Woodson
Middle School:
J. L. Invictus Academy
High School:
Douglass
Property Description
Amazing fixer-upper for savvy investors located in the heart of GROVE PARK. Grove Park is one of the hottest locations for flipping houses or holding. You can maximize profit value by renovating the unfinished basement as a 2/2 and the upstairs as 4/2; therefore, the ARV value will range from $450k to the high $400s. The property is in good condition and only requires updates, resurfacing hardwood floors, and finishing the basement for a 2-bedroom in-law suite. Comps for 4-bedroom houses sold in the mid $400s. Renovations are estimated to cost $80,000 in upgrades for the main level, along with a 2-bedroom in-law suite. Total profit gains are estimated at $75k to $110k after flipping. Fully renovated homes with in-law suites in the basement sell faster to retail buyers (like first-time home buyers) because it offsets the mortgage payments. Please do all your due diligence prior to going under contract. First-time home buyers can rent out the in-law suite unit and live in the main unit. Five-month owner financing is available for fix & flip investors! Schedule a showing today.
Exterior Features

Architectural Style Brick 4 SideTraditional Attached Garage YN No Carport YN No Common Walls No Common Walls Construction Materials Brick Garage YN Yes Levels Two Lot Features None Lot Size Area 7492.32 Lot Size Source Public Records Lot Size Units Square Feet Parking Features Garage Parking Total 1 Roof Composition Total Number Of Slips 0 View YN No

Interior Features

Above Grade Finished Area 1200 Above Grade Finished Area Units Square Feet Appliances Other Basement Full Below Grade Finished Area 1200 Below Grade Finished Area Units Square Feet Below Grade Unfinished Area 0 Building Area Total 2400 Building Area Units Square Feet Cooling Central Air Cooling YN Yes Dining Room Features Separate Room Fireplace YN No Fireplaces Total 0 Flooring HardwoodTile Heating CentralNatural Gas Heating YN Yes Interior Features Master On Main Level Laundry Features None Living Area Source Public Records Living Area Units Square Feet Main Level Bathrooms 1 Main Level Bedrooms 3 Rooms Foyer

Property Features

Association Fee 0 Association Fee Includes None Association YN No Community Features None Electric On Property YN Yes Home Warranty YN No Land Lease YN No New Construction YN No Property Attached YN No Property Condition Resale Property Sub Type Single Family Residence Sewer Public Sewer Special Listing Conditions Investor Owned Structure Type House Tax Annual Amount 46 Tax Year 2023 Utilities Cable AvailableElectricity AvailableHigh Speed InternetNatural Gas AvailablePhone AvailableSewer AvailableUnderground UtilitiesWater Available Water Body Name None Water Source Public

GAMLS logo Listing provided courtesy of Keller Williams Rlty-Atl.North: 770-509-0700. © 2024 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2024 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Team Kristin Brown | Keller Williams Coastal Area Partners are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Team Kristin Brown | Keller Williams Coastal Area Partners. Data last updated: 2024-04-04T00:06:59.633.
 
https://bt-photos.global.ssl.fastly.net/gamls/1280_boomver_1_10267667-2.jpg https://bt-photos.global.ssl.fastly.net/gamls/1280_boomver_1_10267667-2.jpg https://bt-photos.global.ssl.fastly.net/gamls/1280_boomver_1_10267667-2.jpg
Logo
Team Kristin Brown | Keller Williams Coastal Area Partners
329 Commercial Dr, Suite 100
Savannah GA, 31406