Statesboro, GA – 3/1 Great Potential Flip or Rental

Contact Michael Ilhardt, Dispositions Manager!

mike@propertypulse.io  *  321-613-6474

Google Drive Photo/Video Link

Investorlift Link

PROPERTY SUMMARY

• Type:  Single Family Home
• County:  Bulloch
• Beds:  3
• Baths:  1
• Living:  832 sf
• Lot:  6,098 sf
• Year:  1961
• Pool:  No
• Exterior:  Block
• Utilities:  City Water/Sewer
• Flood Zone:  No
• HOA:  No

CLOSING & ACCESS

• Closing:  10/3/2025
• EMD:  $5,000
• Occupancy:  Vacant
• Access:  By Appointment Only (proof of funds required beforehand)

INVESTMENT SUMMARY

• Wholesale Price:  $60,000 +cc
• Potential ARV:  $125,000
• Gross Margin:  $65,000
• Potential Rent: $1,100/month
• Estimated Rehab:  $40,000 – $50,000

REHAB SUMMARY

• Roof:  15 years old per seller
• HVAC: Needs a new one
• Plumbing:  No known issues
• Electrical:  No known issues
• Exterior:  Some landscaping needed and fresh paint
• Interior:  Updates to the kitchen, bathrooms and flooring

COMPS

• 324 James St (3/1, 1,016 sf, 1950 year) — Sold for $112K (12/12/24) — Renovated
• 122 Anthony St (3/1, 1,000 sf, 1969 year) — Sold for $102K (5/16/25) — Renovated
• Realtor:  $118,000  —  Redfin:  $75,057

RENT COMPS

• 216 Ridgewood Dr (3/1, 1,240 sf, 1952 year) — Rent for $1,400/month
• Zillow:  $1,156  —  Redfin:  $1,107

MUST READ:

• $10,000 Earnest Money Deposit (refundable ONLY if clear title cannot be conveyed).
• Buyer pays ALL closing costs. Closing MUST be with our escrow company.
• Cash or Private/Hard Money Only. NO financing contingencies.
• Walkthroughs by Appointment Only. DO NOT disturb occupants.
• Property sold AS-IS, No Contingencies. Conduct due diligence prior to assignment.
• Buyer must verify all information independently. We assume NO liability for accuracy.
• DO NOT contact the seller. Unauthorized contact will result in legal action.
• We are acting as a principal, not as a broker. NO representation is made to any party.
• This is an assignment of contract. A legally binding purchase contract and memorandum have been signed with the seller, giving our company exclusive rights to purchase this property.
• We DO NOT grant anyone permission to market this property without our approval. Realtors and Wholesalers – contact us directly.