🏠Brick Build Fix and Flip on a Half Acre Lot! ARV 220k!🏠

Charming brick 4-bedroom, 3-bath home on a spacious half-acre lot in the heart of Center Point, perfect for investors. Located in a highly sought-after neighborhood, this property offers great potential with some TLC needed to reach its top value. Conveniently close to schools, parks, and shopping centers. Don't miss this fantastic investment opportunity!

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ASKING PRICE: $80K

ARV: $220K

Perfect For:

🛠 Fix/Flip

(Purchase Price) $80K + (Rehab) $85k = (Total Investment) $165k

(ARV) $220k - (Total Investment) $165k = (Gross Profit) $55k 

ARV Comps:

556 23rd Ave NW, Birmingham, AL 35215 - SOLD $235k

(Simple Rehab)

2328 3rd St NW, Center Point, AL 35215 - SOLD $198k

(Simple Rehab)

🚪 Buy and Hold

(Purchase Price) $80K + (Rental Rehab) $60k = (Total Investment) $140k

(Current Rent Rate) $1500 - $1700mo

Rental Comps:

1845 3rd Pl NE, Birmingham, AL 35215 - Rent $1775/mo

(House)

432 16th Ave NW, Birmingham, AL 35215 - Rent $1595/mo

(House)

Property Overview:

🛏 4 Bedrooms

🛁 3 Bathroom

📏 2049 sqft of potential

📅 Built in 1955

Property Details:

🧱Exterior: Brick


🏠Roof: No leaks

🪠Utilities: Breakers in service panel

💦Hot Water Heater: Needs to be replaced

🥵Needs new A/C Unit

Additional Insights:

🚀 Area: Many flips pending

🕒 History: Long Term Tenant 

🚧 Attention Required: Cosmetic updates, Roof, HVAC, Brick work.

🔄 Vacancy: Vacant 

PLEASE CALL TO SCHEDULE SHOWINGS

205-907-0631

TENTATIVE CLOSE DATE ON OR BEFORE 08/5/2024