🏚THIS IS A GREAT RENTAL OR FLIP 🔄

ASKING LESS THAN 55% OF ARV

Located in Birmingham AL, 35224 features this 3 bed 2 bath home with a lot of great potential. This property sits on a .165 acre corner lot. The house has been well maintained over the years and could use a good cosmetic rehab. There are no structural damages to the foundation and the roof is in great shape. This could also be an amazing rental property for your portfolio. In its current condition, it was rented out at $1400/ month. So for those who follow the 1% rental rule, this is the perfect opportunity for you!

NO HOA

ARV- 215-225k 💰

FIX AND FLIP: 🛠

Rehab Cost: 50-60k

Interior Paint

Drywall

Fixtures

Kitchen and Bathroom Rehab

Floors (replaced or redone)

Deck

Driveway/ Walkway

HVAC repair

RENTAL READY: 💸

Rental Cost: 25k or less

Interior Paint

Cleaning

Optional Kitchen and Bathroom upddate

Floors for the basement

HVAC repair

Deck

CLOSING DATE: 2/28/2024 OR SOONER

The property is currently vacant. If you would like to see the house, please contact us directly to schedule an appointment.

COMPS:

3160 Loblolly Lane Birmingham, Alabama 35224- $225,000 (Rehabbed) - closest to square footage

613 Forestwood Dr, Birmingham, AL 35214- $229,000 (Full Rehab)

911 Erie Street, Birmingham, AL 35224- $155,000 (Rehabbed with 1000 square foot LESS)

THIS DEAL IS GOING TO SELL FAST. SUBMIT ANY INQUIRIES TO FURTHER DISCUSS!

Buyer is to cover all closing costs related to the transaction. Sight unseen offers are welcome and property tours are to be scheduled directly with us.

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.