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27
Photos
1258 Lyle Avenue, East Point, GA 30344
$220,000 Asking Price
$---/mo Est. Payment Get Prequalified »
4
beds
2
baths
1,900
sqft
Built in
1946
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.
Features & Amenities
Interior
- General:
- Other
- Appliances:
- Other
- Laundry:
- Other
- Basement:
- None
- Flooring:
- Other
- A/C:
- true, Central Air
- Heating:
- true, Central
- Fireplace:
- Fireplaces: 0
Exterior
- Style:
- Bungalow/Cottage
- Parking:
- Parking Pad
Construction
- Roofing:
- Other
- General:
- Other, One
Location
- HOA Amenities:
- Other
- Originating MLS:
- Georgia MLS 2
- County:
- Fulton
Lot
- Zoning:
- 14 013200110793
Utilities
- Utilities:
- Cable Available, Water Available
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- Georgia MLS 2
This listing courtesy of:
JweithersRealty, LLC, Janelle Weithers
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Atlanta, GA
Housing
- Number of Units
- 517,940
- Median Home Value
- $387,201
- Median Rent
- $1,151
54.70% of housing units are renter occupied.
9.59% are vacant.
Commute
- Car
-
52.29%
- Public Transportation
-
6.55%
- Walk to Work
-
2.19%
- Work from Home
-
37.45%
- Other
-
1.03%
The median travel time to work is 19 minutes.
People
- Population
- 1,042,237
- Median Age
- 36.10
- Median Household Size
- 2.33
Education
- High School
-
16.96%
- Associate’s Degree
-
5.82%
- Bachelor’s Degree
-
31.69%
- Graduate Degree
-
24.29%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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