#10434359, Stenisha A. Reed, Listing Office: Solutions First Realty LLC
$2,613
closing credit¹
1258 Lyle Ave East Point, GA 30344
Property details
About 1258 Lyle Ave
Unlock the potential of this 3-bedroom, 2-bathroom single-family home located in the heart of East Point. Currently rented at $1,600 per month, with $1,587 contributed by a dependable rental assistance program, this property offers a solid return on investment from day one. Property Highlights: Consistent Cash Flow: Benefit from a stable rental income supported by a reliable rental assistance program. Tenant Flexibility: The current tenant is cooperative and understands the lease concludes by the end of January 2025. She is open to staying if you prefer to maintain immediate rental income, or the property can be delivered vacant for your own plans. Value-Add Potential: Originally purchased through foreclosure, presenting an opportunity for renovations to increase property value and maximize returns. Strategic Location: Situated close to schools, shopping centers, and public transportation, enhancing its appeal to renters and future buyers alike. Investment Options: Maintain as Rental: Keep the existing tenant for uninterrupted income. Vacant Possession: Property can be vacated by the end of January 2025, or sooner if under contract before December. Renovate and Flip: Capitalize on the property's potential by undertaking renovations for a profitable resale. Seller's Note: We are seeking offers close to our asking price of $220,000. If a favorable sales price isn't secured, we plan to renovate and flip the property ourselves-highlighting the significant upside potential for investors looking to maximize returns. Don't miss out on this versatile investment opportunity with multiple exit strategies. Contact us today to learn more and schedule a viewing.
Highlights
Summary
- MLS Number: 10421235
- MLS Name: Georgia MLS 2
- Office Name: JweithersRealty, LLC
- Listing Agent: Janelle Weithers
Based on information from the Georgia MLS © 2025.
All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
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Last updated on: 2/2/2025, 5:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$220,000
1258 Lyle Ave
$2,613
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Aug 31, 2017 | Home Sold | $75,000 |
Oct 07, 2015 | Home Sold | $50,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $90,640 | $2,558 |
2022 | $70,640 | $1,993 |
2021 | $63,160 | $2,660 |
2020 | $62,400 | $1,761 |
2019 | $32,720 | $913 |
2017 | $20,000 | $583 |
History based on county public records data.
Nearby schools
3
Parklane Elementary School
Public District PK-5
0.3 mi
•2809 Blount St
9
Resurgence Hall Charter School
Public Charter KG-3
0.8 mi
•1706 Washington Rd
4
Emma Hutchinson Elementary School
Public District EE-5
1.2 mi
•650 Cleveland Ave SW
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,388. The majority of East Point, GA residents have income less than $<35k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
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Frequently asked questions
About 1258 Lyle Ave
This home is located at 1258 Lyle Ave in East Point, GA and zip code 30344. This 1,900 square foot home, which was built in 1946, sits on a 0.20 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 3, 2024 and is currently priced at $220,000.
Over 2 listings were sold over their listed price in January 2025 in East Point, GA. In the same period over 11 listings were sold below the listed price and 4 listings were sold for the listed price. The number of listings in East Point, GA increased by 21.1% between December and January 2025. While the average time on the market in January 2025 was 94 days, the median list price was $270,750.