SUBJECT-TO

3.25% INTEREST RATE

CLOSING DATE: ON OR BEFORE DeCEMBER 7th

💰 Investment Details:

-Entry Fee due at closing: $20,000 (Includes cash to seller, reinstatement, & our fee)

-Principal & Interest: Approx. $555.54

-Taxes & Insurance: Approx. $390.57

-Monthly Mortgage: $946.11

-Rears: $3869

-Payoff Amount: Approx. $117,148.61

-Estimated ARV (After Repair Value): $238K

-Estimated Long Term Rent: $1350-$1500

-Estimated Short Term Rental Monthly Income: $2500-$3000

-Estimated Cash Flow: $400-$600

🏡 Welcome to your next investment venture! This charming single-family home in Bessemer, AL, presents a fantastic subject-to purchase opportunity for savvy investors looking to buy and hold, fix and flip, or do a wraparound mortgage. Nestled in a quiet neighborhood, this property offers a blend of character, potential, and location.

🔑 Key Features:

- Bedrooms: 3

- Bathrooms: 2.5

-Parking: Detached Single Car Garage

- Lot Size: 0.45 Acre

- Square Footage: 1446sqft

- Year Built: 1951

🌟 Property Highlights:

- **Investment Potential**: Whether you're a seasoned investor or just starting out, this property offers an excellent opportunity for a subject-to purchase, allowing for creative financing options.

- **Buy and Hold or Fix and Flip**: With the right vision and renovation, this property can shine as a long-term rental or be transformed into a profitable flip project.

🔨Room for Improvement:

The property is in great as-is condition and ready for tenants or to be a short-term rental. Minor cosmetic upgrades necessary for ARV.

Minor roof work needed (Current Leak)

$5K nonrefundable deposit needed to secure your spot.

Points of Interest📍 

15 Minutes from Downtown Birmingham🌆

Sold Comps

• 55 Cambridge Rd | 3 BD\ 2 BA| Sold for $250,000| Sqft 1522|
• 216 Ivy Ave | 3 BD\ 1 BA| Sold for $227,000 | Sqft 1586|