Cobb County, Marietta, GA 30060
2 bd1 ba994 sfBuilt 1949
Gross spread$151,000
Description
MARIETTA / NEAR MARIETTA SQUARE | 2BD / 1BA RANCH | CRC COMMERCIAL ZONING | RESIDENTIAL + OFFICE / RETAIL POTENTIAL (NOT IN MLS) REMINDER!!! PLEASE SIGN UP for Walk Through Access Monday, November 02, 2026 at 04:00PM - 05:00PM. You will need to be registered in order to attend the walk-through. The RSVP button is to the right of the blue banner at the top of the screen of our website PROPERTY OVERVIEW Location: Marietta, Georgia, near historic Marietta Square Property Type: One level ranch home Bedrooms and Bathrooms: 2 bedrooms and 1 full bathroom Living Area: Approximately 994 square feet Parking: Private driveway and parking pad Zoning: Reported CRC Community Retail Commercial zoning Purchase Price: 199,000 Estimated Renovation: 70,000 Estimated ARV: 350,000 Closing Date: December 30, 2026 MAIN LEVEL LAYOUT Large living room, separate dining area and kitchen with rear walkout to deck Two bedrooms and one full hall bathroom Compact existing floor plan suitable for a straightforward residential renovation RENOVATION AND CONDITION Major Systems: Budget for HVAC replacement, roof replacement and window replacement Interior Renovation: Allow for kitchen and bathroom updates, flooring, interior paint and general cosmetic improvements as needed Estimated Renovation Budget: 70,000 COMPARABLE SALES AND ARV SUPPORT Strong Renovated Comparable: 317 Phillips Dr SE sold for 352,500 in September 2026. The property featured 2 bedrooms, 1 bathroom and approximately 1,056 square feet. Its similar layout and modestly larger size provide strong support for the subject's 350,000 renovated retail target. Lower End Value Add Comparable: 436 Tibbitts St SE sold for 282,000 in July 2026. The property featured 2 bedrooms, 1 bathroom and approximately 864 square feet and was marketed as needing updates. Value Position: The subject's 199,000 purchase price offers a significant discount to the recent 282,000 sale of a smaller property needing updates, with potential upside through renovation. ZONING AND ALTERNATIVE USE POTENTIAL The property is reported to have CRC Community Retail Commercial zoning, which may allow various professional office, retail and service uses. Potential exists to explore professional, commercial or mixed use opportunities beyond a traditional residential renovation. Buyers must independently verify current zoning, permitted uses, existing residential use and any proposed commercial or mixed use plans with the City of Marietta. LOCATION HIGHLIGHTS Convenient proximity to historic Marietta Square, restaurants, shopping and local businesses Easy access to Cobb Parkway, Interstate 75, Lockheed Martin and major employment corridors Combination of private parking, a manageable residential footprint and reported commercial zoning may appeal to residential buyers and investors exploring alternative uses. INVESTMENT STRATEGY Primary Strategy: Renovate and resell with an estimated ARV of 350,000. Alternative Strategy: Investigate the feasibility of professional office, retail or other permitted commercial uses, subject to independent zoning and use verification. Estimated Purchase Price: 199,000 Estimated Renovation Budget: 70,000 Total Purchase and Renovation Basis: 269,000 before closing costs, holding costs, financing, resale expenses and other project costs Estimated Gross Spread: 81,000 before all additional costs and selling expenses SHOWING AND OFFER REQUIREMENTS Property access is limited to the scheduled walkthrough before contracts are accepted. Buyers must sign up in advance and be on the showing list to attend. Final and Best Offer Deadline: Tuesday, November 3, 2026, at 9:00 AM Closing Date: December 30, 2026 Proof of Funds and LLC documentation must be uploaded for an offer to be considered. TRANSACTION TERMS AND DISCLAIMERS Seller of equitable interest only. The property is not owned by the assignor. Transaction is for the assignment of an equitable interest under contract. Buyers must conduct their own due diligence. Repair costs and property values are estimates only. Buyers are responsible for property cleanout and all closing costs. Buyers are strictly prohibited from contacting the seller directly without express written consent from MPH. Unauthorized contact may be considered interference with a contract and may result in legal action. Property information is proprietary to MarketPro South, Inc. and its affiliates. The property is currently under contract, and any transaction will be completed through an assignment of the existing contract. MarketPro does not collaborate with other wholesalers. DEAL TEXT ALERTS To receive deal alerts by text, send BUYER to 91074 to opt in. To stop receiving messages, send STOP. Message and data rates may apply.
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$/sqft vs market
Median of 14 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Property information
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