Beautiful historic home on HUGE corner lot (almost full acre) in downtown Sheffield. Home was remodeled in 2008 and needs minor cosmetic repairs.

💥3BR / 2.5BA

💥~2348SQFT on ~1 acre

💥1 block from downtown Sheffield

💥2.5 miles (6 mins) from Muscle Shoals

💥3.5 miles (8 mins) from downtown Florence

✅PURCHASE PRICE: $65,000

✅ARV: $140,000-$150,000

✅REPAIRS NEEDED: LIGHT TO MEDIUM

Comps:

1. 505 Park Blvd: $160K
2. 105 Mable Ave: $199.5K
3. 408 E. 3rd St: $152.5K

Condition Notes:

💥Minor cosmetic repairs needed (No structural)

💥Roof: ~10-12 years old (great shape with 30 year architectural shingles)

💥Electrical: 200 Amp updated

💥Foundation: great shape block foundation

💥Plumbing: updated to PVC throughout house

💥HVAC: 2 energy efficient units ~12 years old need new motors

💥Beautiful hardwood floors throughout

💥Comes with storage shed and hot tub outside

Repairs Needed:

💥Some siding & gutter repairs

💥Paint inside

💥Ceiling repair in dining room

💥Downstairs 1/2 bathroom drywall

💥 New water heater needed

💥Utility room door header

💥Bathrooms need work

💥Kitchen needs some minor repairs

💥1 of the 3 bedroom needs carpet or other flooring

Opportunities:

🏡Perfect fix & flip for new investor that doesn’t want to take on heavy structural repairs – minor cosmetic repairs needed ($20K-$25K)🏡

🏡Air BnB  – huge lot with space and walking distance to downtown Sheffield and a short drive to Florence / Muscle Shoals / Tuscumbia🏡

🏡 Landlord BRRRR– Property in good condition with minor repairs needed to cash out refi out refi while adding a new property to your portfolio (we have independent appraisal from 2008 that was used for financing by bank showing $125K appraisal as part of deal docs for buyer)🏡

🏡 Subdivide - large corner lot (~1 acre) that is 4 lot parcel. 4 lot parcel (see attachment in docs from county) that could be subdivided into 2 separate lots for new build🏡

📱TEXT or Call 256-952-1007📱