Bought with No Selling Agent • Non-Mls Company
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123 Summerwood DR Fairburn, GA 30213
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Key Details
Sold Price $225,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision Summerwood
MLS Listing ID 20029661
Sold Date 05/05/22
Construction Status Resale
HOA Y/N No
Year Built 1985
Annual Tax Amount $1,345
Tax Year 2020
Lot Size 0.370 Acres
Property Description
*Back on Market, Buyers Financing Fell Through***A FABULOUS Income Producing Duplex! Starting 4/1/2022 the total monthly income for the property is $1840. Unit #123 has had the same tenant for 13 years, and is paying $700 a month. Unit #125 is under the Housing Authority and as of April 1 the Housing Authority has increased the rent to $1140, this tenant has been in place for 5 years! These are 2 bedroom, 1 bath units. The roof is approximately 5 years old (full replacement in 2018). If/when the tenants move out the units will definitely need carpet & paint. There is property management in place and has a great relationship with the tenants. The current property manager would love the opportunity to stay in place and have a chance to earn your business! The tenants allowed photos to be taken so potential buyers could see the units before submitting anything so please review all photos, run your numbers and then submit your Highest and Best offer. Do NOT bother the tenants, an inspection will be allowed during due diligence only. Please submit all offer with proof of funds by Wednesday April 20th at 11am. **Anyone who previously submitted an offer please re-submit if still interested with an updated approval letter reflecting the interest rate increase. We will NOT accept any offer without an updated letter AND a conversation with the lender to prevent another unexpected surprise**
Location
State GA
County Fulton
Rooms
Basement None
Interior
Heating Electric
Cooling Electric
Exterior
Garage Parking Pad
Community Features None
Utilities Available Electricity Individual Meters, Water Individual Meters
Building
Story One
Sewer Public Sewer
Level or Stories One
Construction Status Resale
Schools
Elementary Schools Campbell
Middle Schools Renaissance
High Schools Langston Hughes
Others
Financing Cash
Special Listing Condition As Is, Investor Owned, No Disclosure, Rental
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