Summary: Located in Bessemer, AL, this 3-bed, 3-bath (1 full, 2 half) all-brick home offers 1,387 sq ft on an 8,270 sq ft lot with a basement and detached garage. Priced at $25,500 plus closing costs with a projected $159K ARV, this property presents a deep-discount acquisition opportunity. Currently occupied by a former owner-finance buyer who has reportedly made no payments for 10 years, the property is being sold sight unseen, with possession proceedings and interior condition unknown.
Fix & Flip: Resolve occupancy → Assess property condition → Complete necessary renovations → Retail resale near projected $159K ARV.
Buy & Hold: Secure possession → Complete repairs → Stabilize with a new tenant → Hold for rental income.
BRRRR: Acquire at a low basis → Resolve possession → Renovate → Lease → Refinance based on appraisal and financing terms.
Investor Takeaways: A $25.5K acquisition against a projected $159K ARV creates a substantial entry-price advantage. This all-brick Bessemer property offers a $133.5K gross buy-to-ARV spread, a basement, detached garage, and an established residential footprint. The opportunity is best suited for experienced investors prepared to purchase sight unseen, navigate the existing owner-finance occupancy situation, and complete an unknown renovation scope. The low acquisition basis provides room to evaluate those risks while pursuing a potential flip or long-term rental.
