Check out this 2-bedroom, 1-bath home
Priced At $80K
About The Property
This is a 2 beds, 1 bath, 1,183 Sqft house built in 1955 on a 0.46 Acre lot and located in the Montclair neighborhood in Augusta, GA.
4 Strategies:
1) You can consider converting into a 3:2 by adding 1 bed and 1 bath in order to maximize ARV (after repair value) to a minimum of $200k (This property also has a much larger lot than other nearby properties).
2) You can keep its current structure with 2 beds, 1 bath which would reduce your ARV down to around $180k. Smaller rehab, quicker to market.
3) Rent for decent returns HIGHER than the 1% rule. I budgeted rent more conservatively in my analysis to keep it affordable.
4) Own and Occupy, once it is in habitable condition, using a renovation loan to pay for the repairs.
For more information, contact me and I will get right back to you.
Don’t miss out on making this property your own – contact me today for a tour!
About The Area
Augusta, GA vs. Atlanta: A Comparison of Housing Markets and Local Economies
Augusta, Georgia, known for its rich history and the prestigious Masters Golf Tournament, offers a unique living experience compared to its larger neighbor, Atlanta. Let’s explore how these two cities stack up in terms of housing markets and local economies.
Housing Market
Augusta’s housing market is significantly more affordable than Atlanta’s. The median home price in Augusta is considerably lower, making it an attractive option for first-time homebuyers and those looking to get more space for their money. In contrast, Atlanta’s real estate market is more competitive and expensive, reflecting its status as a major metropolitan area.
Rental Market:
– Augusta: Lower average rent prices, with more options for single-family homes
– Atlanta: Higher rent prices, with a mix of apartments and luxury condos in the city center
Local Economy
While Atlanta boasts a diverse and robust economy as a major business hub, Augusta has its own economic strengths:
Industries:
– Augusta: Healthcare, manufacturing, and military (Fort Gordon)
– Atlanta: Technology, finance, film production, and logistics
Job Market:
Augusta has a steady job market, particularly in healthcare and cybersecurity, thanks to its growing reputation as a tech hub. Atlanta, however, offers a wider range of opportunities across various sectors, attracting more Fortune 500 companies.
Cost of Living:
Augusta’s overall cost of living is significantly lower than Atlanta’s, which can be appealing for those looking to stretch their dollars further.
Quality of Life
Traffic: Augusta experiences less congestion compared to Atlanta’s traffic issues.
Culture: While Atlanta offers a cosmopolitan lifestyle with numerous entertainment options, Augusta provides a more relaxed, small-city feel with access to outdoor activities and golf courses.
Education: Both cities have reputable universities, but Atlanta offers a wider range of higher education options.
While Atlanta provides more job opportunities and a bustling urban environment, Augusta offers a more affordable lifestyle with a growing economy, particularly in healthcare and technology sectors. Your choice between the two will depend on your career goals, budget, and preferred lifestyle.
Buying Unlisted Properties Are Different
To get the full address and view the property, all prospective buyers must sign a non-disclosure agreement to maintain confidentiality.