Loxley, AL 💥 Ultra Rare Turnkey Subto Property with Instant Equity

Baldwin County, Loxley, AL, 36551
Sold
Listed at: March 18th, 2024
Price
$45,000
ARV
$330,000
Gross Margin
$285,000
Sq. Footage
1790
Type
Single-Family
Parking
Attached Garage
Year build
2008
Lot size
0.65 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

💥 Ultra Rare Turnkey Subto Property with Instant Equity in Loxley, AL 💥

3.125% Interest Rate - Strong LTR Cash flow with an Inground Pool & Hot Tub on a Huge Double Lot

🏡 Property Overview:

Size: 1790 Sqft

Lot Size: .65 acres (Double Corner Lot)

Year Built: 2008

Layout: 4 Bedrooms / 2 Bathrooms

HVAC: Replaced in 2023

Roof: Replaced in 2020, Certified & Fortified

HOA: No

Closing Date: On or before April 21, 2024

 

💰 Financials:

Total Entry Fee: 45k + TC & CC

Interest Rate: 3.125%

PITI: 1,358.94 /month

Long-Term Rental (LTR) Rates: 2100 - 2400/mo

2024 Section 8 Fair Market Rent (4br): 2114/mo

Outstanding Mortgage Balance: 227,069

Total Purchase Price: 272,069

EMD: 5K

Zestimate: 323,500

Redfin Estimate: 324,529

Current Fair Market Value: 300k - 325k (Instant Equity!)

 

📍 Location Highlights:

Located in the Middle of 2 Metro Areas

Beach Access: 20 min

Downtown Mobile, Alabama: 30 min

Downtown Pensacola, Florida: 35 min

Pensacola International Airport: 40 min

 

📞 Contact for More Information:

Coreyonte Turner

Phone: 402-840-7321

Email: Coturner@joehomebuyer.com

Courtesy of Joe Homebuyer Gulf Coast

WHAT TO EXPECT FROM JOE HOMEBUYER: Deal is to be sold to INVESTOR CASH BUYERS only. PROPERTY WILL BE CONVEYED WITH FREE AND CLEAR MARKETABLE TITLE UNLESS OTHERWISE AGREED. NO INSPECTION PERIODS EXCEPT WHAT IS NOTED ABOVE. BUYER MUST DO THEIR OWN DUE DILIGENCE. HOUSE IS BEING SOLD " AS-IS" WITH NO WARRANTIES OR DISCLOSURES FROM THE SELLER AND BUYER TO PAY ALL CLOSING COSTS AND TRANSFER TAXES WITH THE EXCEPTION OF ANY PRORATED PROPERTY TAXES, LIENS, AND JUDGMENTS UNLESS OTHERWISE AGREED TO IN WRITING BY BOTH PARTIES. WE EITHER OWN OR HAS AN EQUITABLE CONTRACTUAL INTEREST IN THIS PROPERTY. THIS MARKETING PIECE ONLY REFERENCES THE EQUITABLE INTEREST OR OPTION IN THE PROPERTY. All figures expressed either verbally or in marketing material is to be an estimate. There are no guarantees or assumptions. Buyer should conduct their own due diligence prior to making any offers. If property is occupied, please do not disturb the occupant. Occupant/tenant rights apply. Contact us directly for entry instructions unless otherwise stated above. WE ARE EXPLORING ALL OPTIONS WITH THIS AGREEMENT AS PART OF OUR DUE DILIGENCE WE ARE CONSIDERING SELLING OUR ASSIGNABLE CONTRACT FOR THIS PROPERTY WE MAY NOT OWN THIS HOME - WE ARE NOT REAL ESTATE AGENTS. WE DO NOT REPRESENT THE SELLER. THE INFORMATION IS PROVIDED AS A COURTESY AND NOT MEANT FOR THE PURPOSES OF MARKETING THIS HOME DISCLAIMER: Please be advised that this is an assignment of contract. A legally binding purchase agreement has been signed with the Seller, which grants exclusive rights to this company to purchase the property. We would like to clarify that we are NOT representatives of the owner and DO NOT act as brokers. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or communicate with the owner will result in legal action.
Videos

Video Walkthrough - 28295 Mallard Dr

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Coreyonte Turner

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