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🔥 HIGH MARGIN FLIP - 1999 Build (Moulton, AL) 🔥

Lawrence County, Moulton, AL, 35650
Sold
Listed at: January 18th, 2022
Price
$90,000
ARV
$195,000
Gross Margin
$105,000
15 pictures, show all
Sq. Footage
1909
Type
Attached
Parking
On street
Year build
1999
Lot size
1.00 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary



💥 Flip in progress half way complete needs a little work to push it over the finish line. Big ticket items have been replaced in this gut job...


💥 ~25 minutes from Decatur, AL & ~1 hour from Huntsville.



ARV: $195K

Purchase Price: $90K

Repairs Needed: Medium (~$35K)

Profit Potential: ~$65K



COMPS

✅ 460 Morgan St. - $205K (1/7/2022)

✅ 316 East St. - $210K (10/18/2021)

✅ 323 East St. - $229K (6/14/2021)

✅ 424 Morgan St. - $165K (3/26/2021)


Work Completed

💥 New Roof

💥 New HVAC

💥 New Electrical

💥 New Plumbing

💥 New Windows


Work Needed

💥 Siding (Majority completed - just need partial side)

💥 Sheet Rock & Paint

💥 Flooring

💥 Kitchen & Bathrooms



🏈 This is a HIGH PROFIT POTENTIAL FLIP that has been taken to halftime. All we need is a second half player that is ready to put points on the board...



Opportunities


🏡 Fix & Flip: Margin to hit your numbers here with the big ticket items complete.


🏡 Buy & Hold: Rent Zestimate $1485 leaving you opportunity to hit 1% rule and add to your portfolio with completed gutted rental





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. This company makes no warranty or representation about the content of this post. It is your responsibility to independently confirm the accuracy and competencies. Any projections, opinions, or assumptions used are for example only and do not represent the current or future performance of this property
Street View
Location
current deal
comparables
#2
 available
$123k
 sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Elliott Yamada

★★★★★
★★★★★
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Disposition manager