5480 Lucille Ave Sold

  • $49,000
  • 3 beds
  • 1 baths
  • 960 sqft
Sold

High Cash Flow Potential in Stone Mountain

 

5480 Lucille Ave, Stone Mountain GA 30083 (Sometimes known as Lucille Street)

 

Asking $49,000 OBO (cash or hard money only)

 

Check out this nice little 3 bed / 1 bath home in the Sherman Town section of Stone Mountain.  Currently owner occupied, it will be delivered vacant.  Downtown Stone Mountain is just a short drive away, as is Stone Mountain Park.   Sherman Town community park is walking distance down the road.

House has never been updated so needs cosmetic touch ups, as well as ceiling repair.  Needs new HVAC; existing ductwork could stand a refresh.   Water heater is missing.  Roof/ceiling damage determined by insurance company to be caused by back up from clogged gutters rather than storm damage, per owner.  100A electric service probably needs upgrade to 150A if you want to convert to all electric.

With a moderate rehab budget, rent it out for significant cash flow:  Zillow Rent Zestimate: $1,100/mo; Rentometer: $1,088/mo

 

Click for pictures

Inspection Report

 

Drive by to see outside.  Please do no disturb occupant.  Offers can be made on our contract found here.

 

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

 

As always, any potential buyer who speaks to the current property owner regarding this property will be removed permanently from our buyers list.

Price:
$49,000
Address:
5480 Lucille Ave
Stone Mountain, GA 30083
Square Feet:
960
Lot Size:
0.3 acres
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1964
Const. Type:
Frame

Call (678) 809-5588 for more details

Property Location