3442 County Line Rd

What the listing says

INVESTOR / FIXER-UPPER OPPORTUNITY ELLENWOOD, GA 3442 County Line Rd, Ellenwood, GA 30294 CASH/CONVENTIONAL PRICE: $125,000 FIRM PROJECTED RENOVATED ARV: APPROX. $325,000 SELLER FINANCING AVAILABLE Excellent opportunity for an investor, rehabber, or first-time homeowner looking for an affordable fixer-upper with substantial equity potential. This brick home sits on approximately 1.04 acres and currently offers approximately 1,416 sq. ft., 3 bedrooms, 1 bathroom, carport, fireplace, and partially finished basement. Property is being sold AS-IS and priced with renovation in mind. RENOVATION & ARV POTENTIAL: A substantial renovation and expansion was previously planned for the property, including approximately a 1,400 sq. ft. addition and renovation of the existing home, potentially bringing the property to approximately 2,796 sq. ft. of conditioned living space, plus covered outdoor areas. The renovation concept included an expanded and modernized floor plan, updated kitchen and bathrooms, upgraded finishes and flooring, and improvements to major systems as necessary. Previously projected ARV after completion of the planned renovation is approximately $325,000. At the $125,000 asking price, there is approximately $200,000 between the acquisition price and projected ARV BEFORE renovation, financing, holding, closing, and resale costs. Ideal for an investor looking for a value-add project or a first-time homeowner willing to renovate and build equity instead of paying retail for an already renovated home. SELLER FINANCING OPTION: Seller-financed purchase price: $150,000 Down payment: $50,000 Amount financed: $100,000 Interest rate: 12.5% Term: 24 months Structure: Interest-only Initial monthly interest payment is approximately $1,041.67. Outstanding principal is due at maturity. Early principal repayment is permitted ONLY in $25,000 increments. The principal may be reduced from $100,000 to $75,000, $50,000, $25,000, or paid in full, subject to final executed financing documents. Seller financing allows a buyer to acquire the property with $50,000 down while preserving additional capital for renovations. PRICE IS FIRM PLEASE READ BEFORE CONTACTING: The $125,000 cash/conventional asking price is FIRM. ANY OFFER BELOW $125,000 WILL BE IGNORED. Please do not contact the seller attempting to negotiate below the stated minimum. IF YOU CALL WITH AN OFFER BELOW $125,000, YOU WILL BE HUNG UP ON. Serious buyers only. SHOWINGS & INSPECTIONS: This is NOT an open-access property. All showings, walk-throughs, contractor visits, inspections, appraisals, or other access MUST RECEIVE PRIOR OWNER APPROVAL. Anyone entering the property for a walk-through or inspection MUST BE ACCOMPANIED BY A LICENSED REAL ESTATE AGENT. NO UNAPPROVED ENTRY. PROPERTY SOLD AS-IS. Buyer is responsible for independently verifying property condition, square footage, renovation costs, zoning, permits, and potential resale value. The approximately $325,000 ARV is a projection only and is not a guarantee of future appraised value or sales price.