6130 Geiger St NW, Covington, GA 30014.

Great opportunity in Geiger St NW, Covington, GA!

This Convington home consists of 3 bd/ 2 ba/ 1,248 sqft of living space on a 0.29 Acres lot. Don’t miss out on this great opportunity!

Investment and Property Details

At Strandpark Properties, we believe in creating win-win opportunities. By allowing our clients to sponsor rehab projects, we not only share the financial success but also foster a collaborative partnership. While we have the resources to fund these projects ourselves, we value the insights and involvement of our clients. This unique approach allows you to earn 40% return on your investment when the property is flipped, making it a lucrative opportunity for everyone involved. Explore our current deals and join us in transforming properties into profitable ventures.

Purchase price:

$133,000

After Repair Value:

$260,000

Investment Duration:

35 Days

Return on Investment:

40%

Rehab Cost

$46,820

Agreed Purchase Price:

The end buyer has agreed to purchase the property for $252,000 and has made a 25% non refundable deposit towards the ARV.

Security

Rock-solid, legally binding joint venture agreement guaranteeing your investment return and protection regardless of project outcome.

Lead Contractor

Oscar Gilbert

Property Details:

  • Size: 3 bedrooms, 2 bathrooms, 1,248 sq ft
  • Lot: 0.29 acres
  • Year Built: 1998

Rehab Cost Breakdown


I. Initial Phase: Demolition & Preparation ($3,700)

  • Debris Removal & Property Cleanout ($1,200)
  • Action: Thorough removal of all personal items, old furniture, trash, and initial construction debris from both interior and exterior areas. Includes hauling and disposal fees.
  • Popcorn Ceiling Removal & Skim Coat ($2,500)
  • Action: Professional removal of outdated popcorn texture from all ceilings throughout the entire house. Includes scraping, skim coating, and sanding to achieve a smooth, paint-ready surface.
  • Flooring Replacement ($5,500)
  • Action: Removal of all existing old green carpet and dated vinyl tile. Installation of new Luxury Vinyl Plank (LVP) flooring throughout all common areas, kitchen, bathroom, and bedrooms. This provides a durable, modern, and consistent look.
  • Interior Painting (Walls & Trim) ($3,000)
  • Action: Full preparation of all interior walls (patching holes, cleaning scuffs, minor drywall repairs), priming, and applying two fresh coats of a neutral, contemporary paint color. All trim, baseboards, and interior doors will also be painted.
  • Kitchen Remodel ($5,500)
  • Action:
    • Cabinets: Installation of new stock/semi-custom shaker-style cabinets (e.g., white or grey) for a modern aesthetic.
    • Countertops: Installation of new granite or quartz countertops, providing a durable and attractive surface.
    • Sink & Faucet: Installation of a new stainless steel undermount sink with a modern pull-down faucet.
    • Backsplash: Installation of a new subway tile.
  • Bathroom Remodel ($5,000)
  • Action:
    • Vanity & Top: Installation of a new vanity cabinet with a cultured marble or solid-surface top and integrated sink.
    • Faucet: Installation of a new modern faucet.
    • Mirror: Replacement of the existing unframed mirror with a new framed mirror.
    • Toilet: Installation of a new comfort-height toilet.
    • Tub/Shower: Installation of a new fiberglass tub/shower insert or tiling of the shower surround.
    • Flooring: Installation of new LVP or ceramic tile flooring.
  • Lighting Fixtures & Ceiling Fans ($1,000)
  • Action: Replacement of all outdated ceiling fans (living room, bedrooms) and light fixtures (kitchen, bathroom, hallways, entryway) with new, energy-efficient LED-compatible models.
  • Door Hardware & Window Blinds ($800)
  • Action: Replacement of all interior doorknobs and hinges with new, modern finishes (e.g., brushed nickel). Installation of new 2-inch faux wood blinds on all windows throughout the house.
  • Electrical Outlets & Switches ($300)
  • Action: Replacement of all visible outdated electrical outlets and light switches with new, clean, and modern Decora-style devices.
    III. Exterior & Curb Appeal ($6,100)
  • Exterior Painting ($3,500)
  • Action: Power washing of existing siding, scraping any loose paint, priming, and applying two fresh coats of a new exterior paint color to the siding and trim for a significant curb appeal boost.
  • Landscaping & Yard Cleanup ($1,500)
  • Action: Thorough removal of all external debris, old furniture, and clutter. Basic tree and bush trimming, weeding, and laying fresh mulch in planting beds.
  • Gutter & Downspout Maintenance ($400)
  • Action: Cleaning out existing gutters and downspouts, checking for proper drainage, and performing minor repairs to ensure functionality.
  • Driveway & Patio Cleaning/Repair ($500)
  • Action: Power washing of the concrete driveway and back patio. Filling of minor cracks in the concrete surfaces to improve appearance and longevity.
  • Exterior Lighting ($200)
  • Action: Replacement of any non-functional or very outdated exterior light fixtures near entrances or key areas.
    IV. Systems & Miscellaneous ($2,900)
  • HVAC Inspection & Service ($700)
  • Action: Professional inspection of the entire HVAC system (furnace and AC unit). Includes routine maintenance, filter replacement, and minor repairs if needed to ensure efficient operation.
  • Plumbing Inspection & Minor Repairs ($300)
  • Action: General plumbing assessment, checking for leaks, ensuring all fixtures are functional, and performing minor repairs to faucets, supply lines, or drain traps as required.
  • Professional Cleaning (Post-Rehab) ($500)
  • Action: Comprehensive deep cleaning of the entire interior of the house after all renovation work is complete, ensuring it’s move-in ready.
  • Pest Control ($300)
  • Action: Professional pest inspection and treatment to address any existing pest issues and provide preventative measures.
  • Permits & Inspections ($800)
  • Action: Budget for obtaining all necessary local building permits for renovation work (e.g., kitchen, bathroom, electrical, HVAC), and covering the costs of required inspections.
    V. Contingency ($2,020)

Total Rehab Cost: $46,820