Buy Off-Market Wholesale Deals Now
98 Joan Dr, Ringgold GA 30736
This house is only 15 minutes away from Chatanooga TN. House needs a full renovation, but is in very good shape. Buy now and get over $100,000 in equity for you to fix it up and still have tons of profit. The downstairs has a seperate kitchen and bedroom/ bathroom that could be used as a seperate rental.
**PLEASE NOTE**- There is tons of equity in this house, but please note there are non-paying tenants downstairs that will need to be evicted after we close. There is no lease in place, as they were friends of my sellers. I’m waiting to hear back from eviction attorneys but I’ve been told by other investors in GA that evictions are moving through the courts again as long as the house doesn’t have an FHA or VA loan, but buyer needs to verify that.
Cash Price $85,000 obo
ARV $185,000 – $195,000
*** The 1st person that offers $85,000 gets the deal, otherwise we will select the next highest offer when the clock below reaches zero.***
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Details:
Comps:
Pending
* 365 Wooten Rd $139,900. Only 1,072s.f. (1,476sf smaller than subject house)
SOLDS in the same neighborhood
* 132 Morris Dr Sold May 11 for $179,000. House is 2,106sf
* 227 Woodie Dr sold April 17th for $146,000. House is only 1,686sf but yard is bigger
* 43 Stanley Pkwy Sold March 2 for $130k. House is only 1,218sf (less than half of subject)
* 224 Woodie Dr Sold Dec 2019 for $198,000. Smaller house with a pool
* 40 Ruth Ln Sold Nov 22 2019 for $192,900.
* 198 Benton Ln Sold Nov 15 2019 for $157,000. House is only 1,400sf and not renovated.
Terms:
* Cash or Hard Money only
* Once offer is accepted, you must place $3,000 non-refundable deposit in escrow.
How To Buy
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