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$340,000

Beds
Unknown
sq ft
Unknown

935 Slash Pine Rd, Forest Park, GA 30297

935 Slash Pine Rd

Forest Park, GA 30297

  • 122 days on market
    • Price drop $20,000↓
Discover a unique investment opportunity with this brick ranch home, expertly divided into four separate rental apartments. Each apartment offers its own entrance, ensuring privacy and convenience for tenants. With a combined total of approximately 2400 sq ft, this property features versatile 1-2 bedroom layouts that appeal to a wide range of renters. Highlights include: Durable brick exterior, recently updated HVAC system and roof, private entrances for each apartment, functional floor plans. This property is perfect for investors looking for a steady rental income or for a savvy homeowner who wants to live in one unit while renting out the others. Property would be a great addition to any portfolio.

Details

Property type

Est. home value

$287,410

Lot size

0.26 acres

Price per sq ft

Unknown

Year built

1963

Annual property taxes

$1,555

HOA

No

Price History

10/07/2024
FMLS

FMLS #7426686

Price change
$340,000
-5.56%
08/19/2024
FMLS

FMLS #7426686

Listed
$360,000
08/05/2024
FMLS

FMLS #7426686

Pending
$360,000

Schools & Community

Elementary school: 

Haynie

Middle school: 

Babb

High school: 

Forest Park

Community features: 

None

Negotiation Insights

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

Seller could get up to

$106,529
Asking price
$340,000
Closing costs (~8% of asking)
-$27,200
Est. remaining loan balance
-$206,271
Cash to seller
$106,529

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Plains Commerce Bank

Loan start date

May 2023

Original loan amount

$210,000

Est. remaining balance

$206,271

Interest rate

6.28%

Loan type

New Conventional, 30 year

Seller

Colin Rounds

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?

Status: Active

Tomo last checked: 11/22/2024 at 9:30 PM

Listing updated: 10/07/2024 at 2:45 PM

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

MLS: FMLS #7426686

FMLS logo

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