tomo logo

$297,000

Beds
3
Baths
2.0
sq ft
Unknown

2614 Sherwood Dr, Austell, GA 30168

2614 Sherwood Dr

Austell, GA 30168

  • 13 days on market
*** Investor Opportunity in Austell, GA – Endless Potential & Priced to Sell *** This 3-bedroom, 2-bathroom home uniquely positioned on two separate lots is a rare find for savvy investors. With the potential to transform into a 4-unit rental property and generate up to $6,000 in monthly cash flow, this property offers incredible value and flexibility. The main house is thoughtfully divided into two independent wings, each with its own entrance, living room, kitchen, full bathroom, and laundry area. The left-wing includes two bedrooms, while the right-wing features one bedroom and an open-plan dining area, which can easily be converted back into a second bedroom. The layout offers exceptional rental possibilities, catering to both long-term tenants and short-term stays. The outdoor space further enhances its appeal. A large inground pool and an unfinished pool house are ready to be transformed into a stylish studio or 1-bedroom guest house rental. Additionally, a vacant corner parcel connected to the property provides an opportunity to build another home or place a mobile unit for even more income potential. Parking is abundant, with a 3-car below-ground garage featuring daylight windows on one side and a carport on the other. Some renovation work has already begun, giving you a head start on maximizing the property’s value. The home is being sold AS-IS, and cash buyers are preferred. This property is an exceptional investment opportunity with limitless potential. Don’t let this one slip away—contact us today for more details!

Details

Property type

Single Family Residence

Est. home value

$346,201

Lot size

8,455 sq ft

Price per sq ft

Unknown

Year built

1954

Annual property taxes

$2,985

HOA

No

Price History

01/08/2025
FMLS

FMLS #7506355

Listed
$297,000
+6.07%
12/29/2023
FMLS

FMLS #7286581

Sold
$280,000
-12.47%
11/27/2023
FMLS

FMLS #7286581

Pending
$319,900

Schools & Community

Elementary school: 

Austell

Middle school: 

Garrett

High school: 

South Cobb

Community features: 

Park

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Park Place Finance Llc

Loan start date

December 2023

Original loan amount

$255,400

Est. remaining balance

Not provided

Interest rate

7.5%

Loan type

Building or Construction Loan, 1 year

Seller

Sherwood Villa Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 01/22/2025 at 3:50 PM

Listing updated: 01/20/2025 at 7:00 PM

Listed by: Jonita Floyd, EXP Realty, LLC. Phone #: (888) 959-9461

MLS: FMLS #7506355

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