College Park, GA Ranch

This four-year-old ranch in College Park, a suburb of Atlanta, is listed for $92,000. Its previous owner paid $145,000 for this house about two years ago (6/8/2006), and Zillow.com now estimates that it is worth $122,500.


With about $5,000 to $10,000 of minor work (carpeting, paint, and a few repairs), this house will be ready for a new owner-occupant or tenant. This 3-bedroom house in the Sandpipers Cove subdivision could bring in about $1,100 per month in rent, making it a viable possibility for an investor looking for rental property. This is a great time to grab a relatively new property for less than the actual cost of construction, so check out this REO if you’re looking in the Atlanta area.



The basics...
Address: 5394 Sand Bar Lane, College Park, GA 30349
Current Listing Price: $92,000
PREVIOUS Sale Price: $145,000 (6/8/2006)
Size: 3 Bedrooms, 2 Bathrooms; 1,361 square feet
Lot: .22 acres

http://www.realtor.com/realestate/college+park-ga-30349-1101906733/