5134 Newark Ave Sold

  • $169,000
  • 4 beds
  • 2 baths
  • 2,016 sqft
Sold

Nice SFR or Duplex home in Historic Clarkdale

 

5134 Newark Ave, Austell GA 30106

 

Asking: $169,000

 

PhotosClick HERE

NEW Photos & Video: Click HERE

Inspection Report: Click HERE

 

Occupancy Status: currently occupied, will be delivered vacant

 

This is a historic duplex built in the days when the City of Austell’s Threadmill Complex was the Coates and Clark textile plant (https://www.austellga.gov/HistoryOfAustell.aspx).  originally two beds and one bath on each side, this house was opened up into a 3 beds / 2 baths single-family home.  You could move in or rent it out as-is, or we have a contractor quote of $15,670 to convert it back to a duplex. One of the two bedrooms on each side would have to be passed through to get in from the front door unless more work was done to close off an area of these large rooms.  Next door (#5160) has one side rented for $1,200/mo and one for rent for $1,150/mo. This should rent for $1,100-1,200 per side if converted back to a duplex.  In addition, this property has a large four car garage in the backyard that is currently being used as a workshop. All kinds of possibilities for that space.

NOTE about Historic Status:  We have been told by a state development officer that because the facade of this structure had already been changed from the original, it is not subject to any historical development restrictions.

High potential for cash flow. Don’t miss out on this opportunity!

Rehab quote: Click HERE

 

Here are some recent area sales:

  • 5061 Ceylon Dr; 4/2; 2,042 sqft; sold 5/3/2019 for $257,615
  • 5041 Newark Ave; 4/2; 2,116 sqft; sold 03/11/19 for $193,000
  • 5057 Ceylon Ct; 3/3; 1,373 sqft; sold 06/28/19 for $185,000
  • 3200 Oak St; 4/3; 1,228 sqft; sold 05/14/19 for $185,000
  • 3090 Hyacinth Dr; 4/3; 2,612 sqft; sold 10/11/19 for $180,000
  • 4987 Hyacinth Ln; 4/2.5; 1,964 sqft; sold 12/10/18 for $173,000

 

Zillow Rent Zestimate: $1,395/mo, Rentometer: $1,077/mo

 

Call/text/email Jeff at 678-809-5588 or jeffd@jmhventures.com

Price:
$169,000
Address:
5134 Newark Ave
Austell , GA 30106
Square Feet:
2,016
Lot Size:
0.5 acres
Bedrooms:
4
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1930

Call (678) 809-5588 for more details

Property Location